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COMPANY REGISTRATION NUMBER: 12793020
SANKOFA HAIR AND BEAUTY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2022
SANKOFA HAIR AND BEAUTY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2022
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
SANKOFA HAIR AND BEAUTY LIMITED
BALANCE SHEET
31 August 2022
2022
2021
Note
£
£
Current assets
Debtors
4
1
1
Creditors: amounts falling due within one year
5
( 27,318)
-------------
-------------
Net current (liabilities)/assets
( 27,317)
1
-------------
-------------
Total assets less current liabilities
( 27,317)
1
-------------
-------------
Net (liabilities)/assets
( 27,317)
1
-------------
-------------
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
( 27,318)
-------------
-------------
Shareholders (deficit)/funds
( 27,317)
1
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 October 2023 , and are signed on behalf of the board by:
L C Gabriel-Gilchrist
Director
Company registration number: 12793020
SANKOFA HAIR AND BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Ingfield Business Centre, Cherry Nook Road, Huddersfield, HD2 1JD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2022
2021
£
£
Director's loan account
1
1
-------------
-------------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Accruals and deferred income
600
Amounts owed to related parties
26,718
-------------
-------------
27,318
-------------
-------------
6. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
-------------
-------------
-------------
-------------
7. Related party transactions
Included within creditors is a loan from a company controlled by the director. This is unsecured, repayable on demand and currently interest-free.
8. Controlling party
The company is controlled by the director.
9. Going concern
The director is organising adequate working capital to enable the company to continue to operate. Consequently, the accounts have been prepared on a going concern basis.