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Company Registration No. 09392087 (England and Wales)
ELITE HAIR LOUNGE LTD Unaudited accounts for the year ended 31 January 2023
ELITE HAIR LOUNGE LTD Unaudited accounts Contents
Page
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ELITE HAIR LOUNGE LTD Company Information for the year ended 31 January 2023
Director
Talisha Cox
Secretary
Elite Hair Lounge
Company Number
09392087 (England and Wales)
Registered Office
24 SIDNEY ROAD LONDON SW9 0TS ENGLAND
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ELITE HAIR LOUNGE LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,488 
7,198 
Current assets
Debtors
11,905 
25,821 
Cash at bank and in hand
41,054 
22,607 
52,959 
48,428 
Creditors: amounts falling due within one year
(186,908)
(113,878)
Net current liabilities
(133,949)
(65,450)
Total assets less current liabilities
(129,461)
(58,252)
Creditors: amounts falling due after more than one year
(34,167)
(45,000)
Net liabilities
(163,628)
(103,252)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(163,629)
(103,253)
Shareholders' funds
(163,628)
(103,252)
For the year ending 31 January 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 her 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 21 October 2023 and were signed on its behalf by
Talisha Cox Director Company Registration No. 09392087
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ELITE HAIR LOUNGE LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
ELITE HAIR LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 09392087. The registered office is 24 SIDNEY ROAD, LONDON, SW9 0TS, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
12,185 
9,211 
21,396 
At 31 January 2023
12,185 
9,211 
21,396 
Depreciation
At 1 February 2022
8,329 
5,869 
14,198 
Charge for the year
1,285 
1,425 
2,710 
At 31 January 2023
9,614 
7,294 
16,908 
Net book value
At 31 January 2023
2,571 
1,917 
4,488 
At 31 January 2022
3,856 
3,342 
7,198 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,905 
4,000 
Other debtors
- 
18,821 
8,905 
22,821 
Amounts falling due after more than one year
Other debtors
3,000 
3,000 
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ELITE HAIR LOUNGE LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
46,584 
17,112 
Taxes and social security
138,574 
95,016 
Accruals
1,750 
1,750 
186,908 
113,878 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,167 
45,000 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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