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Registered number: 12323336

Meraki Hair & Beauty Lounge Ltd

ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 31/12/2022

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Meraki Hair & Beauty Lounge Ltd

ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 31/12/2022
DIRECTORS
J Dickinson
REGISTERED OFFICE
60 Birley Moor Road
Sheffield
S12 4WD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12323336
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Meraki Hair & Beauty Lounge Ltd

ACCOUNTS
FOR THE396 DAY PERIODENDED31/12/2022
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Meraki Hair & Beauty Lounge Ltd

BALANCE SHEET AT 31/12/2022
20222021
Notes££
FIXED ASSETS
Tangible assets47451,112
CURRENT ASSETS
Stock1,7001,700
Debtors632,69319,241
Cash at bank and in hand3871,948
34,78022,889
CREDITORS: Amounts falling due within one year721,0045,572
NET CURRENT ASSETS13,77617,317
TOTAL ASSETS LESS CURRENT LIABILITIES14,52118,429
CREDITORS: Amounts falling due after more than one year813,47117,471
NET ASSETS1,050958
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account1,040948
SHAREHOLDERS' FUNDS1,050958
For the year ending 31/12/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/10/2023 and signed on their behalf by
.............................
J Dickinson
Director

Meraki Hair & Beauty Lounge Ltd

NOTES TO THE ACCOUNTS
FOR THE 396 DAY PERIOD ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20222021
No.No.
Average number of employees78

Meraki Hair & Beauty Lounge Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/12/202130,00030,000
At 31/12/202230,00030,000
Depreciation
At 01/12/202130,00030,000
At 31/12/202230,00030,000
Net Book Amounts
At 31/12/2022--
4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/12/20211,6601,660
At 31/12/20221,6601,660
Depreciation
At 01/12/2021548548
For the 396 day period367367
At 31/12/2022915915
Net Book Amounts
At 31/12/2022745745
At 30/11/20211,1121,112
5. STOCK 20222021
££
Stock comprises:
Stock1,7001,700
1,7001,700

Meraki Hair & Beauty Lounge Ltd

6. DEBTORS 20222021
££
Amounts falling due within one year
PAYE control-683
Directors current account32,69318,558
32,69319,241
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax4,799-
VAT6,588-
PAYE control547-
Salaries and wages control1,578-
Loans4,9924,992
Trade creditors-546
Other creditors-34
Accruals2,500-
21,0045,572
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Loans >1yr13,47117,471
13,47117,471
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
New shares issued during period:
10 Ordinary shares of £1 each1010