Registered number
05722654
The Rejuvenation Salon Limited
Unaudited Filleted Accounts
31 March 2023
The Rejuvenation Salon Limited
Registered number: 05722654
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 802 725
Debtors 3 346 44
Cash at bank and in hand 20,829 36,618
21,977 37,387
Creditors: amounts falling due within one year 4 (8,815) (14,905)
Net current assets 13,162 22,482
Total assets less current liabilities 13,162 22,482
Creditors: amounts falling due after more than one year 5 (4,416) (6,350)
Net assets 8,746 16,132
Capital and reserves
Called up share capital 4 4
Profit and loss account 8,742 16,128
Shareholders' funds 8,746 16,132
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Daley
Director
Approved by the board on 10 October 2023
The Rejuvenation Salon Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Other debtors 346 44
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,130 2,130
Taxation and social security costs 4,557 4,974
Other creditors 2,128 7,801
8,815 14,905
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 4,416 6,350
6 Other information
The Rejuvenation Salon Limited is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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