Company Registration No. 08138302 (England and Wales)
Cut Above Gents Hairstylist Ltd
Unaudited accounts
for the year ended 31 July 2023
Cut Above Gents Hairstylist Ltd
Unaudited accounts
Contents
Cut Above Gents Hairstylist Ltd
Company Information
for the year ended 31 July 2023
Company Number
08138302 (England and Wales)
Registered Office
260 BURLEY ROAD
LEEDS
LS4 2NY
Accountants
Raja & Hussain Associates
21
Duckworth Lane
Bradford
West Yorkshire
BD9 5ER
Cut Above Gents Hairstylist Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
50,626
50,266
Cash at bank and in hand
91,155
68,940
Creditors: amounts falling due within one year
(13,454)
(13,663)
Net current assets
77,701
55,277
Net assets
128,327
105,543
Called up share capital
1
1
Profit and loss account
128,326
105,542
Shareholders' funds
128,327
105,543
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Mohammed Fiaz
Director
Company Registration No. 08138302
Cut Above Gents Hairstylist Ltd
Notes to the Accounts
for the year ended 31 July 2023
Cut Above Gents Hairstylist Ltd is a private company, limited by shares, registered in England and Wales, registration number 08138302. The registered office is 260 BURLEY ROAD, LEEDS, LS4 2NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
43,939
-
16,702
60,641
Additions
-
18,530
-
18,530
Disposals
-
-
(6,327)
(6,327)
At 31 July 2023
43,939
18,530
10,375
72,844
At 1 August 2022
-
-
10,375
10,375
Charge for the year
-
11,843
-
11,843
At 31 July 2023
-
11,843
10,375
22,218
At 31 July 2023
43,939
6,687
-
50,626
At 31 July 2022
43,939
-
6,327
50,266
Cut Above Gents Hairstylist Ltd
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,279
5,481
Other creditors
6,360
7,367
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).