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Company Registration No. 13734493 (England and Wales)
Tiffany Hair & Aesthetics Limited Unaudited accounts for the period from 1 December 2022 to 30 April 2023
Tiffany Hair & Aesthetics Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Tiffany Hair & Aesthetics Limited Company Information for the period from 1 December 2022 to 30 April 2023
Directors
Samuel David Thomas Tiffany Angelica Thomas
Company Number
13734493 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Tiffany Hair & Aesthetics Limited Accountants' report
Accountants' report to the board of directors of Tiffany Hair & Aesthetics Limited on the preparation of the unaudited statutory accounts for the period from 1 December 2022 to 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tiffany Hair & Aesthetics Limited for the period from 1 December 2022 to 30 April 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Tiffany Hair & Aesthetics Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tiffany Hair & Aesthetics Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tiffany Hair & Aesthetics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tiffany Hair & Aesthetics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Tiffany Hair & Aesthetics Limited. You consider that Tiffany Hair & Aesthetics Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Tiffany Hair & Aesthetics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 6 September 2023
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Tiffany Hair & Aesthetics Limited Statement of financial position as at 30 April 2023
2023
2022
Notes
£
£
Fixed assets
Intangible assets
4
15,584
19,984
Tangible assets
5
-
14,208
15,584
34,192
Current assets
Inventories
2,450
2,450
Cash at bank and in hand
204
5,471
2,654
7,921
Creditors: amounts falling due within one year
6
(12,986)
(24,087)
Net current liabilities
(10,332)
(16,166)
Net assets
5,252
18,026
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
5,152
17,926
Shareholders' funds
5,252
18,026
For the period ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 6 September 2023 and were signed on its behalf by
Samuel David Thomas Director Company Registration No. 13734493
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Tiffany Hair & Aesthetics Limited Notes to the Accounts for the period from 1 December 2022 to 30 April 2023
1
Statutory information
Tiffany Hair & Aesthetics Limited is a private company, limited by shares, registered in England and Wales, registration number 13734493. The registered office is 203 West Street, Fareham, PO16 0EN, United Kingdom.
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 period, and also have been consistently applied within the same accounts.
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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2022
22,000
At 30 April 2023
22,000
Amortisation
At 1 December 2022
2,016
Charge for the period
4,400
At 30 April 2023
6,416
Net book value
At 30 April 2023
15,584
At 30 November 2022
19,984
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Tiffany Hair & Aesthetics Limited Notes to the Accounts for the period from 1 December 2022 to 30 April 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2022
13,249
4,714
17,963
Disposals
(13,249)
(4,714)
(17,963)
At 30 April 2023
-
-
-
Depreciation
At 1 December 2022
2,674
1,081
3,755
Charge for the period
2,643
908
3,551
Surplus on revaluation
-
(1,989)
(1,989)
On disposals
(5,317)
-
(5,317)
At 30 April 2023
-
-
-
Net book value
At 30 April 2023
-
-
-
At 30 November 2022
10,575
3,633
14,208
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
1,224
122
Taxes and social security
1,813
766
Other creditors
344
-
Loans from directors
8,479
22,536
Accruals
1,126
663
12,986
24,087
7
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Samuel David Thomas
Directors Loan Account
(11,268)
(9,259)
(16,288)
(4,239)
Tiffany Angelica Thomas
Directors Loan Account
(11,268)
(9,259)
(16,288)
(4,239)
(22,536)
(18,518)
(32,576)
(8,478)
9
Average number of employees
During the period the average number of employees was 3 (2022: 4).
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