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Company Registration No. 12140951 (England and Wales)
Glasshouse Barbers Ltd Unaudited accounts for the year ended 31 August 2023
Glasshouse Barbers Ltd Unaudited accounts Contents
Page
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Glasshouse Barbers Ltd Company Information for the year ended 31 August 2023
Director
Liam Barry Denton
Company Number
12140951 (England and Wales)
Registered Office
79 Broadstone Road Stockport Cheshire SK5 7AS
Accountants
Whyatt Accountancy Stockport Business & Innovation Centre Broadstone Mill, Broadstone Road Stockport Cheshire SK5 7DL
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Glasshouse Barbers Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,465 
3,958 
Current assets
Inventories
233 
586 
Debtors
69 
69 
Cash at bank and in hand
9,873 
17,368 
10,175 
18,023 
Creditors: amounts falling due within one year
(3,984)
(5,398)
Net current assets
6,191 
12,625 
Total assets less current liabilities
9,656 
16,583 
Provisions for liabilities
Deferred tax
(658)
(752)
Net assets
8,998 
15,831 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,898 
15,731 
Shareholders' funds
8,998 
15,831 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 1 November 2023 and were signed on its behalf by
Liam Barry Denton Director Company Registration No. 12140951
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Glasshouse Barbers Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Glasshouse Barbers Ltd is a private company, limited by shares, registered in England and Wales, registration number 12140951. The registered office is 79 Broadstone Road, Stockport, Cheshire, SK5 7AS.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 3-5 years (straight-line basis)
Computer equipment
over 3-5 years (straight-line basis)
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 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.
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Glasshouse Barbers Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
6,630 
928 
7,558 
Additions
1,625 
- 
1,625 
Disposals
(232)
- 
(232)
At 31 August 2023
8,023 
928 
8,951 
Depreciation
At 1 September 2022
3,227 
373 
3,600 
Charge for the year
1,932 
186 
2,118 
On disposals
(232)
- 
(232)
At 31 August 2023
4,927 
559 
5,486 
Net book value
At 31 August 2023
3,096 
369 
3,465 
At 31 August 2022
3,403 
555 
3,958 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
69 
69 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,115 
4,399 
Loans from directors
869 
677 
Accruals
- 
322 
3,984 
5,398 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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