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REGISTERED NUMBER: 08013570 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Hair by Chloe Limited

Hair by Chloe Limited (Registered number: 08013570)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hair by Chloe Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Miss C M Taylor
G E Taylor





REGISTERED OFFICE: 3 Rookery Lane
Lincoln
Lincolnshire
LN6 7PX





REGISTERED NUMBER: 08013570 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Hair by Chloe Limited (Registered number: 08013570)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,120 5,151

CURRENT ASSETS
Debtors 5 - 44,663
Cash in hand 150 35
150 44,698
CREDITORS
Amounts falling due within one year 6 15,261 8,705
NET CURRENT (LIABILITIES)/ASSETS (15,111 ) 35,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,991

)

41,144

CREDITORS
Amounts falling due after more than one
year

7

(18,076

)

(22,377

)

PROVISIONS FOR LIABILITIES (638 ) (906 )
NET (LIABILITIES)/ASSETS (29,705 ) 17,861

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (29,707 ) 17,859
SHAREHOLDERS' FUNDS (29,705 ) 17,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hair by Chloe Limited (Registered number: 08013570)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





G E Taylor - Director


Hair by Chloe Limited (Registered number: 08013570)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Hair by Chloe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Although the company has net liabilities at the year end date, the directors have reviewed the financial requirements of the company for the coming twelve months.Having implemented a business recovery plan, they are satisfied that sufficient finances will be available to meet the company's liabilities as they fall due.
The directors consider therefore that the going concern basis of accounts preparation is still appropriate.

Turnover
Turnover represents amounts received for hairdressing services stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

Hair by Chloe Limited (Registered number: 08013570)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2022
and 31 December 2022 8,493
DEPRECIATION
At 1 January 2022 3,342
Charge for year 1,031
At 31 December 2022 4,373
NET BOOK VALUE
At 31 December 2022 4,120
At 31 December 2021 5,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
CMT Ltd loan account - 44,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 2,950 2,174
Social security and other taxes 3,843 4,594
VAT 1,518 1,804
Directors' current accounts 6,950 133
15,261 8,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 2-5 years 18,076 22,377

8. ULTIMATE CONTROLLING PARTY

The controlling party is Miss C M Taylor.

At the year end the directors were owed £6,950, (2021, £133).