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REGISTERED NUMBER: SC242350 (Scotland)















Sandras Unisex Hair Salon Ltd.

Financial Statements For The Year Ended 31 January 2023






Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)






Contents of the Financial Statements
For The Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandras Unisex Hair Salon Ltd.

Company Information
For The Year Ended 31 January 2023







DIRECTOR: Mrs S Morton





SECRETARY: T Morton





REGISTERED OFFICE: 21 Woodlands Road
Dingwall
Ross-Shire
IV15 9LJ





REGISTERED NUMBER: SC242350 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,766 6,354

CURRENT ASSETS
Stocks 650 1,200
Debtors 5 1,748 2,033
Cash at bank and in hand 15,487 14,585
17,885 17,818
CREDITORS
Amounts falling due within one year 6 3,257 3,403
NET CURRENT ASSETS 14,628 14,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,394

20,769

PROVISIONS FOR LIABILITIES 7 906 1,207
NET ASSETS 18,488 19,562

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 18,388 19,462
SHAREHOLDERS' FUNDS 18,488 19,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 2 October 2023 and were signed by:





Mrs S Morton - Director


Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)

Notes to the Financial Statements
For The Year Ended 31 January 2023

1. STATUTORY INFORMATION

Sandras Unisex Hair Salon Ltd. is a private company, limited by shares , registered in Scotland. 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
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
Equipment fittings Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 5,752 19,245 24,997
DEPRECIATION
At 1 February 2022 2,812 15,831 18,643
Charge for year 735 853 1,588
At 31 January 2023 3,547 16,684 20,231
NET BOOK VALUE
At 31 January 2023 2,205 2,561 4,766
At 31 January 2022 2,940 3,414 6,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 1,548 1,548
Tax 77 -
Prepayments 123 485
1,748 2,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 1,194 1,804
Social security and other taxes 999 526
Directors' current accounts 14 23
Accrued expenses 1,050 1,050
3,257 3,403

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax
Accelerated capital allowances (301 ) -
Deferred tax 1,207 1,207
906 1,207

Sandras Unisex Hair Salon Ltd. (Registered number: SC242350)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 1,207
Credit to Income Statement during year (301 )
Balance at 31 January 2023 906

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2022 19,462
Profit for the year 3,476
Dividends (4,550 )
At 31 January 2023 18,388