IRIS Accounts Production v23.1.5.20 07637760 director 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 Class B redeemable 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076377602022-06-30076377602023-06-30076377602022-07-012023-06-30076377602021-06-30076377602021-07-012022-06-30076377602022-06-3007637760ns15:EnglandWales2022-07-012023-06-3007637760ns14:PoundSterling2022-07-012023-06-3007637760ns10:Director12022-07-012023-06-3007637760ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3007637760ns10:SmallEntities2022-07-012023-06-3007637760ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3007637760ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3007637760ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3007637760ns10:FullAccounts2022-07-012023-06-300763776012022-07-012023-06-3007637760ns10:OrdinaryShareClass12022-07-012023-06-3007637760ns10:OrdinaryShareClass22022-07-012023-06-3007637760ns10:RegisteredOffice2022-07-012023-06-3007637760ns5:CurrentFinancialInstruments2023-06-3007637760ns5:CurrentFinancialInstruments2022-06-3007637760ns5:Non-currentFinancialInstruments2023-06-3007637760ns5:Non-currentFinancialInstruments2022-06-3007637760ns5:ShareCapital2023-06-3007637760ns5:ShareCapital2022-06-3007637760ns5:RetainedEarningsAccumulatedLosses2023-06-3007637760ns5:RetainedEarningsAccumulatedLosses2022-06-3007637760ns5:NetGoodwill2022-07-012023-06-3007637760ns5:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3007637760ns5:PlantMachinery2022-07-012023-06-3007637760ns5:ComputerEquipment2022-07-012023-06-3007637760ns5:NetGoodwill2022-06-3007637760ns5:NetGoodwill2023-06-3007637760ns5:NetGoodwill2022-06-3007637760ns5:PlantMachinery2022-06-3007637760ns5:PlantMachinery2023-06-3007637760ns5:PlantMachinery2022-06-3007637760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3007637760ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3007637760ns10:OrdinaryShareClass12023-06-3007637760ns10:OrdinaryShareClass22023-06-30
REGISTERED NUMBER: 07637760 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

JANET MAITLAND (DURHAM) LIMITED

JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JANET MAITLAND (DURHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: P McDermott





REGISTERED OFFICE: 29 - 30 Marshall Terrace
Gilesgate
Durham
DH1 2HX





REGISTERED NUMBER: 07637760 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,856 87
1,856 87

CURRENT ASSETS
Stocks 10,010 9,650
Debtors 6 28,122 34,490
Cash at bank and in hand 40,072 36,665
78,204 80,805
CREDITORS
Amounts falling due within one year 7 38,243 33,098
NET CURRENT ASSETS 39,961 47,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,817

47,794

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(9,867

)

PROVISIONS FOR LIABILITIES (21 ) -
NET ASSETS 35,129 37,927

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 35,019 37,817
SHAREHOLDERS' FUNDS 35,129 37,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





P McDermott - Director


JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Janet Maitland (Durham) Limited 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 derives from the principal activity of the company which is that of the hairdressing. Income from this activity is recognised as services are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 - 25% on cost
Computer equipment - 33% 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.

Cost is determined as being the price paid for goods on a first in first out basis. Net realisable value is determined as being the amount which is considered to be recoverable on goods less all costs of disposal.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 100,000
AMORTISATION
At 1 July 2022
and 30 June 2023 100,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 29,419
Additions 2,099
Disposals (1,800 )
At 30 June 2023 29,718
DEPRECIATION
At 1 July 2022 29,332
Charge for year 330
Eliminated on disposal (1,800 )
At 30 June 2023 27,862
NET BOOK VALUE
At 30 June 2023 1,856
At 30 June 2022 87

JANET MAITLAND (DURHAM) LIMITED (REGISTERED NUMBER: 07637760)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,968 1,980
Other debtors 21,154 32,510
28,122 34,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,833
Trade creditors 3,337 7,168
Taxation and social security 13,099 13,229
Other creditors 21,807 6,868
38,243 33,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 6,667 9,867

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
10 Class B redeemable £1 10 10
110 110

10. RELATED PARTY DISCLOSURES

During the year the company maintained an interest free loan to Janet Maitland (Bowburn) Ltd, a company under common control. At 30 June 2023 the balance on this loan was £17,000 (2022: £31,000).

During the year the company maintained an interest free loan to Janet Maitland (Hetton) Ltd, a company under common control. At 30 June 2023 the balance on this loan was £2,000 (2022: £Nil).

During the year the directors provided the company with an interest free loan. The balance at 30 June 2023 was £14,134 (2022: £251).