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REGISTERED NUMBER: 06987993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

That Salon Limited

That Salon Limited (Registered number: 06987993)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


That Salon Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T Bradley





REGISTERED OFFICE: Unit 4
Lerverton Farm Buildings
Chilton Folliat
Hungerford
Berkshire
RG17 0TA





REGISTERED NUMBER: 06987993 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

That Salon Limited (Registered number: 06987993)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 943 204

CURRENT ASSETS
Stocks 450 500
Debtors 5 8,705 13,339
Cash at bank - 12,831
9,155 26,670
CREDITORS
Amounts falling due within one year 6 7,919 10,631
NET CURRENT ASSETS 1,236 16,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,179

16,243

CREDITORS
Amounts falling due after more than
one year

7

1,662

10,938
NET ASSETS 517 5,305

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 516 5,304
517 5,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

That Salon Limited (Registered number: 06987993)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





T Bradley - Director


That Salon Limited (Registered number: 06987993)

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

1. STATUTORY INFORMATION

That Salon 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 comprises the fair value of the consideration received or receivable for the sale of hairdressing services and product in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Fixtures and fittings - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

That Salon Limited (Registered number: 06987993)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 April 2022 2,150 4,244 6,394
Additions - 1,054 1,054
At 31 March 2023 2,150 5,298 7,448
DEPRECIATION
At 1 April 2022 2,150 4,040 6,190
Charge for year - 315 315
At 31 March 2023 2,150 4,355 6,505
NET BOOK VALUE
At 31 March 2023 - 943 943
At 31 March 2022 - 204 204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 5,757 2,193
Directors' loan accounts 2,948 10,965
Prepayments - 181
8,705 13,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 762 2,881
Tax 6,007 6,550
Accrued expenses 1,150 1,200
7,919 10,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 1,662 10,938

That Salon Limited (Registered number: 06987993)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
T Bradley
Balance outstanding at start of year 10,965 16,312
Amounts advanced 3,823 9,209
Amounts repaid (11,840 ) (14,556 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,948 10,965

9. RELATED PARTY DISCLOSURES

During the year the director made a loan with the company. Interest was charged on a commercial basis. The balance due to the company at 31 March 2023 was £2,948 (2022 : £10.965).