Caseware UK (AP4) 2022.0.179 2022.0.179 true2022-04-01falseNo description of principal activity1717trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04675023 2022-04-01 2023-03-31 04675023 2021-04-01 2022-03-31 04675023 2023-03-31 04675023 2022-03-31 04675023 c:Director1 2022-04-01 2023-03-31 04675023 d:PlantMachinery 2022-04-01 2023-03-31 04675023 d:PlantMachinery 2023-03-31 04675023 d:PlantMachinery 2022-03-31 04675023 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04675023 d:ComputerEquipment 2022-04-01 2023-03-31 04675023 d:ComputerEquipment 2023-03-31 04675023 d:ComputerEquipment 2022-03-31 04675023 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04675023 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04675023 d:CurrentFinancialInstruments 2023-03-31 04675023 d:CurrentFinancialInstruments 2022-03-31 04675023 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04675023 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04675023 d:ShareCapital 2023-03-31 04675023 d:ShareCapital 2022-03-31 04675023 d:RetainedEarningsAccumulatedLosses 2023-03-31 04675023 d:RetainedEarningsAccumulatedLosses 2022-03-31 04675023 c:FRS102 2022-04-01 2023-03-31 04675023 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04675023 c:FullAccounts 2022-04-01 2023-03-31 04675023 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04675023 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04675023 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 04675023 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04675023










Claire Davies Hairdressing Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2023

 
Claire Davies Hairdressing Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Claire Davies Hairdressing Limited for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Claire Davies Hairdressing Limited for the year ended 31 March 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Claire Davies Hairdressing Limited in accordance with the terms of our engagement letter dated 16 June 2020Our work has been undertaken solely to prepare for your approval the financial statements of Claire Davies Hairdressing Limited  and state those matters that we have agreed to state to the director of Claire Davies Hairdressing Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Claire Davies Hairdressing Limited and its director for our work or for this report. 

It is your duty to ensure that Claire Davies Hairdressing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Claire Davies Hairdressing Limited. You consider that Claire Davies Hairdressing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Claire Davies Hairdressing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
25 October 2023
Page 1

 
Claire Davies Hairdressing Limited
Registered number: 04675023

Balance Sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,488
12,413

Current assets
  

Stocks
  
32,433
28,597

Debtors: amounts falling due within one year
 5 
19,374
18,654

Bank and cash balances
  
157,586
154,382

  
209,393
201,633

Creditors: amounts falling due within one year
 6 
(36,268)
(34,412)

Net current assets
  
 
 
173,125
 
 
167,221

Total assets less current liabilities
  
185,613
179,634

Provisions for liabilities
  

Deferred tax
 7 
(3,122)
(2,340)

Net assets
  
 
 
182,491
 
 
177,294


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
182,489
177,292

  
182,491
177,294


Page 2

 
Claire Davies Hairdressing Limited
Registered number: 04675023

Balance Sheet (continued)
As at 31 March 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C Davies
Director
Date: 25 October 2023

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
Claire Davies Hairdressing Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

1.


General information

The company is a private company limited by share capital incorporated in England & Wales. The address of it's registered office is: 9 Bell Walk, Uckfield, East Sussex, TN22 5DQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts are prepared on a going concern basis.

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received, excluding value added tax and other sale taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation.

Depreciation is provided on tangible fixed assets so as to write off the cost over their expected useful economic life as follows:

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Office equipment
-
25%
reducing balance

 
2.5

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty
on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

Page 4

 
Claire Davies Hairdressing Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.13

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted
by the balance sheet date.

 
2.14

Government grants

Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.


3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2022 - 17).

Page 5

 
Claire Davies Hairdressing Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
43,508
30,793
74,301


Additions
2,413
848
3,261



At 31 March 2023

45,921
31,641
77,562



Depreciation


At 1 April 2022
31,962
29,926
61,888


Charge for the year on owned assets
2,969
217
3,186



At 31 March 2023

34,931
30,143
65,074



Net book value



At 31 March 2023
10,990
1,498
12,488



At 31 March 2022
11,546
867
12,413

Page 6

 
Claire Davies Hairdressing Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

5.


Debtors

2023
2022
£
£


Other debtors
8,714
7,473

Prepayments and accrued income
10,660
11,181

19,374
18,654



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,230
7,791

Corporation tax
10,711
7,088

Other taxation and social security
14,804
15,120

Other creditors
3,060
2,263

Accruals and deferred income
2,463
2,150

36,268
34,412



7.


Deferred taxation




2023


£






At beginning of year
(2,340)


Charged to profit or loss
(782)



At end of year
(3,122)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,122)
(2,340)

(3,122)
(2,340)

Page 7

 
Claire Davies Hairdressing Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2023

8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,736 (2022 - £5,064). Contributions totalling £851 (2022: £998) were payable to the fund at the balance sheet date and are included in creditors.


9.


Related party transactions

C Davies
(Director)
During the year the company provided the director with an interest free loan repayable on demand. At the balance sheet date the amount due from/(to) the director was £2,196 (2022 - (£75)).


Page 8