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Company Registration No. 12112685 (England and Wales)
WOKINGHAM BARBERS LTD Unaudited accounts for the year ended 31 July 2023
WOKINGHAM BARBERS LTD Unaudited accounts Contents
Page
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WOKINGHAM BARBERS LTD Company Information for the year ended 31 July 2023
Director
Mahmud Ahmed Khidor
Company Number
12112685 (England and Wales)
Registered Office
41 PEACH STREET WOKINGHAM BERKSHIRE RG40 1XJ ENGLAND
Accountants
Asmita & Associates Ltd 114-116 Plumstead High Street Plumstead London SE18 1SJ
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WOKINGHAM BARBERS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,315 
8,648 
Current assets
Debtors
311,843 
3,129 
Cash at bank and in hand
40,490 
279,268 
352,333 
282,397 
Creditors: amounts falling due within one year
(54,397)
(74,750)
Net current assets
297,936 
207,647 
Total assets less current liabilities
308,251 
216,295 
Creditors: amounts falling due after more than one year
(28,333)
(38,333)
Provisions for liabilities
Deferred tax
(1,077)
(1,077)
Net assets
278,841 
176,885 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
278,741 
176,785 
Shareholders' funds
278,841 
176,885 
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 5 September 2023 and were signed on its behalf by
Mahmud Ahmed Khidor Director Company Registration No. 12112685
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WOKINGHAM BARBERS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
WOKINGHAM BARBERS LTD is a private company, limited by shares, registered in England and Wales, registration number 12112685. The registered office is 41 PEACH STREET, WOKINGHAM, BERKSHIRE, RG40 1XJ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
11,094 
1,775 
12,869 
Additions
4,245 
- 
4,245 
At 31 July 2023
15,339 
1,775 
17,114 
Depreciation
At 1 August 2022
4,073 
148 
4,221 
Charge for the year
2,253 
325 
2,578 
At 31 July 2023
6,326 
473 
6,799 
Net book value
At 31 July 2023
9,013 
1,302 
10,315 
At 31 July 2022
7,021 
1,627 
8,648 
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WOKINGHAM BARBERS LTD Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
305,593 
1,156 
Other debtors
6,250 
1,973 
311,843 
3,129 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,597 
51,277 
Trade creditors
3,775 
- 
Taxes and social security
26,292 
20,450 
Other creditors
1,401 
3,023 
Loans from directors
11,332 
- 
54,397 
74,750 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,333 
38,333 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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