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REGISTERED NUMBER: 11789951 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Changes Hairdressers Limited

Changes Hairdressers Limited (Registered number: 11789951)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Changes Hairdressers Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs Z M Nethercott
J Nethercott





REGISTERED OFFICE: 29 Devizes Road
Swindon
Wiltshire
SN1 4BG





REGISTERED NUMBER: 11789951 (England and Wales)





ACCOUNTANTS: PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG

Changes Hairdressers Limited (Registered number: 11789951)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,400 23,800
Tangible assets 5 1,668 1,619
22,068 25,419

CURRENT ASSETS
Debtors 6 43 503
Cash at bank and in hand 34,441 39,368
34,484 39,871
CREDITORS
Amounts falling due within one year 7 12,385 24,625
NET CURRENT ASSETS 22,099 15,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,167

40,665

CREDITORS
Amounts falling due after more than one year 8 (25,000 ) (25,000 )

PROVISIONS FOR LIABILITIES (102 ) (46 )
NET ASSETS 19,065 15,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,965 15,519
19,065 15,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Changes Hairdressers Limited (Registered number: 11789951)

Balance Sheet - continued
30 April 2023


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:





Mrs Z M Nethercott - Director


Changes Hairdressers Limited (Registered number: 11789951)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Changes Hairdressers 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichover is shorter.
Fixtures and fittings - 20% on cost

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Changes Hairdressers Limited (Registered number: 11789951)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 34,000
AMORTISATION
At 1 May 2022 10,200
Charge for year 3,400
At 30 April 2023 13,600
NET BOOK VALUE
At 30 April 2023 20,400
At 30 April 2022 23,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 3,488
Additions 747
At 30 April 2023 4,235
DEPRECIATION
At 1 May 2022 1,869
Charge for year 698
At 30 April 2023 2,567
NET BOOK VALUE
At 30 April 2023 1,668
At 30 April 2022 1,619

Changes Hairdressers Limited (Registered number: 11789951)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 43 503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 115 1,091
Taxation and social security 4,598 5,609
Other creditors 7,672 17,925
12,385 24,625

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 25,000 25,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs Z M Nethercott.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Changes Hairdressers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Changes Hairdressers Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Changes Hairdressers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Changes Hairdressers Limited and state those matters that we have agreed to state to the Board of Directors of Changes Hairdressers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Changes Hairdressers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Changes Hairdressers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Changes Hairdressers Limited. You consider that Changes Hairdressers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Changes Hairdressers 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 financial statements.






PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG


17 October 2023