Leaf Hairdressing Limited 04966812 salon false 1 September 2022 04966812 2022-09-01 2023-08-31 04966812 2022-08-31 04966812 2023-08-31 04966812 2021-09-01 2022-08-31 04966812 2021-08-31 04966812 2022-08-31 04966812 frs102-bus:FRS102 2022-09-01 2023-08-31 04966812 frs102-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04966812 frs102-bus:FullAccounts 2022-09-01 2023-08-31 04966812 frs102-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04966812 frs102-core:CurrentFinancialInstruments 2023-08-31 04966812 frs102-core:CurrentFinancialInstruments 2022-08-31 04966812 frs102-core:Non-currentFinancialInstruments 2023-08-31 04966812 frs102-core:Non-currentFinancialInstruments 2022-08-31 04966812 frs102-core:ShareCapital 2023-08-31 04966812 frs102-core:ShareCapital 2022-08-31 04966812 frs102-core:RetainedEarningsAccumulatedLosses 2023-08-31 04966812 frs102-core:RetainedEarningsAccumulatedLosses 2022-08-31 04966812 frs102-bus:Director1 2022-09-01 2023-08-31 04966812 frs102-core:FurnitureFittings 2022-09-01 2023-08-31 04966812 frs102-core:LandBuildings 2022-09-01 2023-08-31 04966812 frs102-core:FurnitureFittings 2022-08-31 04966812 frs102-core:LandBuildings 2022-08-31 04966812 frs102-core:FurnitureFittings 2023-08-31 04966812 frs102-core:LandBuildings 2023-08-31 04966812 frs102-core:FurnitureFittings 2022-08-31 04966812 frs102-core:LandBuildings 2022-08-31 04966812 frs102-core:DeferredTaxation 2023-08-31 04966812 frs102-core:DeferredTaxation 2022-08-31 04966812 frs102-bus:OrdinaryShareClass1 2023-08-31 04966812 frs102-bus:OrdinaryShareClass1 2022-08-31 04966812 frs102-bus:OrdinaryShareClass1 2022-09-01 2023-08-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
04966812
Leaf Hairdressing Limited
Unaudited Accounts
for the year ended
31 August 2023
Leaf Hairdressing Limited
Balance Sheet
as at 31 August 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 3 92,544 62,305
92,544 62,305
Current assets
Stocks 7,500 7,500
Debtors 4 2,158 1,260
Cash at bank and in hand 10,751 43,301
20,409 52,061
Creditors: amounts falling due within one year 5 (34,068) (36,183)
Net current assets / (liabilities) (13,659) 15,878
Total assets less current liabilities 78,885 78,183
Creditors: amounts falling due after more than one year 6 (15,742) (13,750)
Provisions for liabilities 7 (9,372) (10,464)
Accruals and deferred income (600) (600)
Total net assets (liabilities) 53,171 53,369
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 53,071 53,269
Shareholders' funds 53,171 53,369

Leaf Hairdressing Limited
Balance Sheet
as at 31 August 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2023 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mrs C Caisley

Director


Approved by the board on 11 October 2023

Company Number: 04966812 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

200a Heaton Road
Heaton
Newcastle Upon Tyne
NE6 5HP

Leaf Hairdressing Limited
Notes to the Accounts
for the year ended 31 August 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of services is recognised when services are provided. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 20% Reducing Balance
Land & buildings 5% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 5 6

3. Tangible fixed assets
Fixtures & Fittings Land & buildings Total
Cost or valuation £ £ £
At 1 September 2022 117,843 7,234 125,077
Additions 6,586 38,259 44,845
At 31 August 2023 124,429 45,493 169,922
Depreciation
At 1 September 2022 62,772 0 62,772
Charge for the period 12,331 2,275 14,606
At 31 August 2023 75,103 2,275 77,378
Net book value
At 31 August 2023 49,326 43,218 92,544
At 31 August 2022 55,071 7,234 62,305

4. Debtors
2023 2022
£ £
Trade debtors 2,158 1,260
2,158 1,260

5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank Loans & Overdrafts 16,218 5,000
Trade creditors 2,478 24,555
Taxation & social security 13,681 5,346
Other creditors 1,691 1,282
34,068 36,183

6. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 15,742 13,750
15,742 13,750

7. Provisions
2023 2022
£ £
Deferred tax 9,372 10,464
9,372 10,464

8. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
100 (2022: 100) Ordinary shares of £1.00 each 100 100
100 100