2022-02-01 10579871 2023-01-31 10579871 2022-02-01 2023-01-31 10579871 2022-01-31 10579871 2021-02-01 2022-01-31 10579871 uk-core:WithinOneYear 2022-01-31 10579871 uk-core:WithinOneYear 2023-01-31 10579871 uk-core:AfterOneYear 2022-01-31 10579871 uk-core:AfterOneYear 2023-01-31 10579871 uk-core:ShareCapital 2023-01-31 10579871 uk-core:ShareCapital 2022-01-31 10579871 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 10579871 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 10579871 uk-bus:Director1 2022-02-01 2023-01-31 10579871 uk-core:PlantMachinery 2022-02-01 2023-01-31 10579871 uk-core:ComputerEquipment 2022-02-01 2023-01-31 10579871 uk-core:FurnitureFittings 2022-02-01 2023-01-31 10579871 uk-core:ComputerEquipment 2022-01-31 10579871 uk-core:FurnitureFittings 2022-01-31 10579871 uk-core:PlantMachinery 2022-01-31 10579871 uk-core:PlantMachinery 2023-01-31 10579871 uk-core:FurnitureFittings 2023-01-31 10579871 uk-core:ComputerEquipment 2023-01-31 10579871 uk-core:WithinOneYear 2023-01-31 10579871 uk-core:WithinOneYear 2022-01-31 10579871 uk-core:WithinOneYear 2022-02-01 2023-01-31 10579871 uk-core:AfterOneYear uk-core:Secured 2023-01-31 10579871 uk-core:AfterOneYear uk-core:Secured 2022-01-31 iso4217:GBP xbrli:pure 10579871 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 10579871 uk-bus:FRS102 2022-02-01 2023-01-31 10579871 uk-bus:FullAccounts 2022-02-01 2023-01-31 10579871 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Draft
Grizzly's Male Hair Salon Limited
Registered Number:10579871
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 January 2023
Grizzly's Male Hair Salon Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
10579871
As at 31 January 2023
Grizzly's Male Hair Salon Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,394
424
2
1,394
424
Current assets
Trade and other receivables
32,576
34,233
3
42,940
Cash and cash equivalents
26,087
60,320
75,516
Trade and other payables: amounts falling due within one
year
(92,193)
(42,339)
4
(16,677)
17,981
Net current assets
Total assets less current liabilities
19,375
(16,253)
Trade and other payables: amounts falling due after more
than one year
-
(51,202)
5
(31,827)
Net liabilities
(16,253)
Capital and reserves
Called up share capital
5
5
Retained earnings
(31,832)
(16,258)
(31,827)
(16,253)
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Edward O'Sullivan Director
These financial statements were approved and authorised for issue by the Board on 05 June 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
Draft
For the year ended 31 January 2023
Grizzly's Male Hair Salon Limited
Notes to the Financial Statements
Statutory Information
Grizzly's Male Hair Salon Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10579871.
Registered address:
31 Freshwater Parade
Bishopric
Horsham
W Sussex
RH12 1QD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'', including the disclosure and
presentation requirements of Section 1A, and the Companies Act 2006. These financial statements have been
prepared under the historical cost convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
33.33% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
Going Concern
The financial statements have been prepared on the going concern basis. The directors are satisfied that the
company
is in a position to meet its liabilities as they fall due for the foreseeable future.
2 of 4
5
Draft
For the year ended 31 January 2023
Grizzly's Male Hair Salon Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 February 2022
7,381
1,052
6,329
-
1,670
-
1,412
258
Additions
-
(5,753)
-
Disposals
(5,753)
At 31 January 2023
258
1,988
1,052
3,298
Provision for depreciation and impairment
At 01 February 2022
6,957
753
6,204
-
Charge for year
700
221
415
64
(5,753)
-
(5,753)
-
On disposal
At 31 January 2023
1,904
974
866
64
At 31 January 2023
Net book value
194
1,122
78
1,394
At 31 January 2022
-
125
299
424
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
2,149
Other debtors
34,233
30,427
32,576
34,233
The debtors above include the following amounts falling due after more than one year:
Other debtors
29,707
-
3 of 4
6
Draft
For the year ended 31 January 2023
Grizzly's Male Hair Salon Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,958
79,190
Trade creditors
1,952
2,791
Taxation and social security
7,259
8,668
Other creditors
28,170
1,544
42,339
92,193
The Bounce Back loan was received on 15 May 2020 and 9 March 2021. The loan is repayable over 10 years with a BusinessInterruption Payment from the government covering the interest for the first year. Interest is charged at 2.5% perannum. The bank loan was received on 9 March 2017. The loan is repayable over 5 years with interest charged at 8.45% perannum.
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
51,202
-
6. Related party transactions
During the year the company advanced loans of £3,207 (2022 - £26,500) to Grizzly's Barbering Academy Limited.
Loans of £29,707 are unpaid at the year end but the director is satisfied that these amounts will be settled in due
course. The director is also a director and
shareholder of Grizzly's Barbering Academy Limited.
7. Guarantees and other financial commitments
Lease commitments
At 31 January 2023 the company had total commitments under operating leases of £1060
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 7)
4 of 4