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Company Registration No. 11698149 (England and Wales)
Spectrum Hair Salon Limited Unaudited accounts for the period from 1 December 2021 to 31 May 2023
Spectrum Hair Salon Limited Unaudited accounts Contents
Page
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Spectrum Hair Salon Limited Company Information for the period from 1 December 2021 to 31 May 2023
Director
Mr Sean Kelly
Company Number
11698149 (England and Wales)
Registered Office
RAPID HOUSE MART ROAD MINEHEAD TA24 5BJ UNITED KINGDOM
Accountants
Computaccounting Rapid House Mart Road Minehead Somerset TA24 5BJ
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Spectrum Hair Salon Limited Statement of financial position as at 31 May 2023
2023 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,500 
7,500 
Tangible assets
2,454 
3,506 
9,954 
11,006 
Current assets
Inventories
2,240 
2,840 
Cash at bank and in hand
1,653 
15,651 
3,893 
18,491 
Creditors: amounts falling due within one year
641 
(18,230)
Net current assets
4,534 
261 
Net assets
14,488 
11,267 
Capital and reserves
Profit and loss account
14,488 
11,267 
Shareholders' funds
14,488 
11,267 
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Mr Sean Kelly Director Company Registration No. 11698149
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Spectrum Hair Salon Limited Notes to the Accounts for the period from 1 December 2021 to 31 May 2023
1
Statutory information
Spectrum Hair Salon Limited is a private company, limited by shares, registered in England and Wales, registration number 11698149. The registered office is RAPID HOUSE, MART ROAD, MINEHEAD, TA24 5BJ, UNITED KINGDOM. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 December 2021 to 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2021
7,500 
At 31 May 2023
7,500 
Amortisation
At 1 December 2021
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
7,500 
At 30 November 2021
7,500 
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Spectrum Hair Salon Limited Notes to the Accounts for the period from 1 December 2021 to 31 May 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2021
4,835 
At 31 May 2023
4,835 
Depreciation
At 1 December 2021
1,329 
Charge for the period
1,052 
At 31 May 2023
2,381 
Net book value
At 31 May 2023
2,454 
At 30 November 2021
3,506 
6
Creditors: amounts falling due within one year
2023 
2021 
£ 
£ 
Bank loans and overdrafts
16,667 
20,000 
Trade creditors
- 
1,125 
Taxes and social security
1,940 
2,972 
Loans from directors
(19,248)
(5,867)
(641)
18,230 
7
Average number of employees
During the period the average number of employees was 1 (2021: 4).
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