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REGISTERED NUMBER: 07120438 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Cotswold Hair & Beauty Supplies Ltd

Cotswold Hair & Beauty Supplies Ltd (Registered number: 07120438)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cotswold Hair & Beauty Supplies Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr P Licata





REGISTERED OFFICE: Unit 3, Ebley Industrial Park
200 Westward Road
Ebley
Stroud
Gloucestershire
GL5 4SP





REGISTERED NUMBER: 07120438 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Cotswold Hair & Beauty Supplies Ltd (Registered number: 07120438)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
CURRENT ASSETS
Stocks 32,964 30,000
Debtors 6 66,396 60,146
Cash at bank and in hand 12,258 8,378
111,618 98,524
CREDITORS
Amounts falling due within one year 7 74,494 43,269
NET CURRENT ASSETS 37,124 55,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,124

55,255

CREDITORS
Amounts falling due after more than one
year

8

36,142

36,140
NET ASSETS 982 19,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 882 19,015
SHAREHOLDERS' FUNDS 982 19,115

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 his 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.

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 21 August 2023 and were signed by:




Mr P Licata - Director


Cotswold Hair & Beauty Supplies Ltd (Registered number: 07120438)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Cotswold Hair & Beauty Supplies Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 29,624
AMORTISATION
At 1 February 2022
and 31 January 2023 29,624
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Cotswold Hair & Beauty Supplies Ltd (Registered number: 07120438)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 4,496
DEPRECIATION
At 1 February 2022
and 31 January 2023 4,496
NET BOOK VALUE
At 31 January 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 836 832
Other debtors 65,560 59,314
66,396 60,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 30,231 10,701
Taxation and social security 36,250 31,302
Other creditors 8,013 1,266
74,494 43,269

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 36,142 36,140