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REGISTERED NUMBER: 01849351 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

K H ARNOLD LIMITED

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,575 129,066

CURRENT ASSETS
Stocks 22,703 26,382
Debtors 5 180,033 140,405
Cash at bank and in hand 34,344 145,987
237,080 312,774
CREDITORS
Amounts falling due within one year 6 64,132 81,436
NET CURRENT ASSETS 172,948 231,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,523

360,404

CREDITORS
Amounts falling due after more than one year 7 38,261 44,803
NET ASSETS 251,262 315,601

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 250,262 314,601
SHAREHOLDERS' FUNDS 251,262 315,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





Mrs D E Bramhall - Director


K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

K H Arnold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01849351

Registered office: 10-14 High Street
Arnold
Nottingham
Nottinghamshire
NG5 7DZ

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.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the net sales of hair dressing services and related products provided in the year, excluding 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.
Leasehold property improvements - 4% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. However, deferred tax assets are only recognised where they are considered to be recoverable in the future.

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.

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 21 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 297,828 102,259 5,449 405,536
Additions - - 1,081 1,081
At 28 February 2023 297,828 102,259 6,530 406,617
DEPRECIATION
At 1 March 2022 171,245 100,774 4,451 276,470
Charge for year 11,914 801 857 13,572
At 28 February 2023 183,159 101,575 5,308 290,042
NET BOOK VALUE
At 28 February 2023 114,669 684 1,222 116,575
At 28 February 2022 126,583 1,485 998 129,066

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Amounts owed by group undertakings 178,404 138,771
Other debtors 1,629 1,634
180,033 140,405

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts 5,586 4,492
Trade creditors 9,611 8,562
Taxation and social security 32,831 52,823
Other creditors 16,104 15,559
64,132 81,436

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans 38,261 44,803

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 14,468 24,674

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. LEASING AGREEMENTS
At the balance sheet date the company was committed to making further lease payments for the leasehold property amounting to £87,500 (2022: £100,000).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is K H A Holdings Limited.

The ultimate controlling party is the director.