Registered number
11146133
Hare and Beauty Ltd
Filleted Accounts
31 January 2023
Hare and Beauty Ltd
Registered number: 11146133
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 147,121 153,941
Current assets
Stocks 8,000 13,597
Debtors 4 1,558 907
Cash at bank and in hand 17,889 43,094
27,447 57,598
Creditors: amounts falling due within one year 5 (32,936) (43,163)
Net current (liabilities)/assets (5,489) 14,435
Total assets less current liabilities 141,632 168,376
Creditors: amounts falling due after more than one year 6 (115,785) (119,816)
Net assets 25,847 48,560
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 27,606 27,606
Profit and loss account (1,760) 20,953
Shareholder's funds 25,847 48,560
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sophie Hare
Director
Approved by the board on 13 October 2023
Hare and Beauty Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2022 135,000 45,905 180,905
Additions - 1,290 1,290
At 31 January 2023 135,000 47,195 182,195
Depreciation
At 1 February 2022 2,700 24,264 26,964
Charge for the year 2,700 5,410 8,110
At 31 January 2023 5,400 29,674 35,074
Net book value
At 31 January 2023 129,600 17,521 147,121
At 31 January 2022 132,300 21,641 153,941
4 Debtors 2023 2022
£ £
Trade debtors 1,558 907
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,068 15,457
Trade creditors 4,394 2,781
Taxation and social security costs 4,943 9,983
Other creditors 13,531 14,942
32,936 43,163
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 115,785 119,816
7 Revaluation reserve 2023 2022
£ £
At 1 February 2022 27,606 27,606
At 31 January 2023 27,606 27,606
8 Other information
Hare and Beauty Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 High Street
Ruskington
Sleaford
Lincs
NG34 9DP
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