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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
Page
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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
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Hairazors Hair and Beauty Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
486 
- 
Current assets
Inventories
5,000 
5,000 
Debtors
113 
72 
Cash at bank and in hand
27,380 
24,538 
32,493 
29,610 
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
Deferred tax
(92)
- 
Net assets
17,664 
10,905 
Capital and reserves
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
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Hairazors Hair and Beauty Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the gross value of sales of services delivered in the period less VAT payable in connection with those sales.
Intangible fixed assets
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:
Land & buildings
10%
Plant & machinery
25%
Inventories
Inventories have been valued at the lower of cost and net realisable value
Deferred taxation
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
Government grants received in relation to expenditure are credited to profit and loss when the expenditure is charged to profit and loss.
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Hairazors Hair and Beauty Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
40,000 
At 31 March 2023
40,000 
Amortisation
At 1 April 2022
40,000 
At 31 March 2023
40,000 
Net book value
At 31 March 2023
- 
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 
Additions
- 
648 
648 
Disposals
- 
(1,190)
(1,190)
At 31 March 2023
5,238 
3,917 
9,155 
Depreciation
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 
Net book value
At 31 March 2023
- 
486 
486 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
113 
72 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
82 
294 
Taxes and social security
14,817 
14,989 
Loans from directors
312 
3,405 
Accruals
12 
17 
15,223 
18,705 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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