Registered number
11827185
ALEEZAY HAIR & COSMATICS LTD
Filleted Accounts
for the year ended 31 March 2023
ALEEZAY HAIR & COSMATICS LTD
Registered number: 11827185
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,952 2,169
Current assets
Stocks 30,659 30,659
Debtors 4 22,720 20,720
Cash at bank and in hand 1,247 4,018
54,626 55,397
Creditors: amounts falling due within one year 5 (82,737) (45,343)
Net current (liabilities)/assets (28,111) 10,054
Total assets less current liabilities (26,159) 12,223
Creditors: amounts falling due after more than one year 6 (16,345) (17,462)
Net liabilities (42,504) (5,239)
Capital and reserves
Called up share capital 1 1
Profit and loss account (42,505) (5,240)
Shareholder's funds (42,504) (5,239)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Toqeer Ahmed Suhail
Director
Approved by the board on 20 October 2023
ALEEZAY HAIR & COSMATICS LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of
discounts and value added taxes. Turnover includes revenue earned from the sale of goods and
from the rendering of services. Turnover from the sale of goods is recognised when the
significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing Balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 3,000
At 31 March 2023 3,000
Depreciation
At 1 April 2022 831
Charge for the year 217
At 31 March 2023 1,048
Net book value
At 31 March 2023 1,952
At 31 March 2022 2,169
4 Debtors 2023 2022
£ £
Rent Deposit - 6,750
Other debtors 22,720 13,970
22,720 20,720
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,452 -
Creation (398) -
Trade creditors 2,586 8,711
Taxation and social security costs 6,265 1,455
Other creditors 70,832 35,177
82,737 45,343
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,345 17,462
7 Other information
ALEEZAY HAIR & COSMATICS LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Whitefield Road
London
United Kingdom
E6 1AS
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