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REGISTERED NUMBER: 06998518 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Edwin's Barber Shop Limited

Edwin's Barber Shop Limited (Registered number: 06998518)






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


Edwin's Barber Shop Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Miss C M Taylor
G E Taylor





REGISTERED OFFICE: 5 Rookery Lane
Thorpe-on-the-hill
Lincoln
Lincolnshire
LN6 7PX





REGISTERED NUMBER: 06998518 (England and Wales)





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

Edwin's Barber Shop Limited (Registered number: 06998518)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 999 1,274

CURRENT ASSETS
Debtors 5 1,035 18,065
Cash at bank and in hand 2,097 4,632
3,132 22,697
CREDITORS
Amounts falling due within one year 6 7,088 8,568
NET CURRENT (LIABILITIES)/ASSETS (3,956 ) 14,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,957

)

15,403

CREDITORS
Amounts falling due after more than one
year

7

11,690

11,993
NET (LIABILITIES)/ASSETS (14,647 ) 3,410

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (14,649 ) 3,408
SHAREHOLDERS' FUNDS (14,647 ) 3,410

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.

Edwin's Barber Shop Limited (Registered number: 06998518)

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


Edwin's Barber Shop Limited (Registered number: 06998518)

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

1. STATUTORY INFORMATION

Edwin's Barber Shop 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 is the amount received in respect of services provided. The company is not registered for vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 6,435 5,195 11,630
DEPRECIATION
At 1 January 2022 5,576 4,780 10,356
Charge for year 171 104 275
At 31 December 2022 5,747 4,884 10,631
NET BOOK VALUE
At 31 December 2022 688 311 999
At 31 December 2021 859 415 1,274

Edwin's Barber Shop Limited (Registered number: 06998518)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 1,035 18,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 1,638 3,000
Trade creditors 1,500 1,500
Directors' current accounts - 118
Accrued expenses 3,950 3,950
7,088 8,568

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 2-5 years 11,690 11,993

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors. At the year end date the company owed the directors £Nil, (2021,£118).