Company Registration No. 07936018 (England and Wales)
Hairazors Hair and Beauty Limited
Unaudited accounts
for the year ended 31 March 2023
Hairazors Hair and Beauty Limited
Unaudited accounts
Contents
Hairazors Hair and Beauty Limited
Company Information
for the year ended 31 March 2023
Directors
K E Hill
S G Collings
Company Number
07936018 (England and Wales)
Registered Office
4 Bridge Street
Shaldon
Devon
TQ14 0DD
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Hairazors Hair and Beauty Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
27,380
24,538
Creditors: amounts falling due within one year
(15,223)
(18,705)
Net current assets
17,270
10,905
Total assets less current liabilities
17,756
10,905
Provisions for liabilities
Called up share capital
4
4
Profit and loss account
17,660
10,901
Shareholders' funds
17,664
10,905
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
K E Hill
Director
Company Registration No. 07936018
Hairazors Hair and Beauty Limited
Notes to the Accounts
for the year ended 31 March 2023
Hairazors Hair and Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 07936018. The registered office is 4 Bridge Street, Shaldon, Devon, TQ14 0DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the gross value of sales of services delivered in the period less VAT payable in connection with those sales.
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Land and buildings represents the cost of improvements to leasehold property.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and net realisable value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on material timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants received in relation to expenditure are credited to profit and loss when the expenditure is charged to profit and loss.
Hairazors Hair and Beauty Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2022
5,238
4,459
9,697
Disposals
-
(1,190)
(1,190)
At 31 March 2023
5,238
3,917
9,155
At 1 April 2022
5,238
4,459
9,697
Charge for the year
-
162
162
On disposals
-
(1,190)
(1,190)
At 31 March 2023
5,238
3,431
8,669
At 31 March 2023
-
486
486
Amounts falling due within one year
Accrued income and prepayments
113
72
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,817
14,989
Loans from directors
312
3,405
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).