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Company Registration No. 10183433 (England and Wales)
The Lane Hair & Beauty Limited Unaudited accounts for the year ended 31 July 2023
The Lane Hair & Beauty Limited Unaudited accounts Contents
Page
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The Lane Hair & Beauty Limited Company Information for the year ended 31 July 2023
Director
Vicki Louise Nicholson
Company Number
10183433 (England and Wales)
Registered Office
1a Dowker Lane KENDAL LA9 4DN ENGLAND
Accountants
PE Accountancy Services 15 Fowling Lane KENDAL Cumbira LA9 6HB
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The Lane Hair & Beauty Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,131 
3,749 
Current assets
Inventories
1,905 
1,925 
Cash at bank and in hand
58,934 
46,981 
60,839 
48,906 
Creditors: amounts falling due within one year
(43,929)
(33,474)
Net current assets
16,910 
15,432 
Total assets less current liabilities
20,041 
19,181 
Provisions for liabilities
Deferred tax
(595)
(712)
Net assets
19,446 
18,469 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
19,444 
18,467 
Shareholders' funds
19,446 
18,469 
For the year ending 31 July 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 her 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 6 November 2023 and were signed on its behalf by
Vicki Louise Nicholson Director Company Registration No. 10183433
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The Lane Hair & Beauty Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
The Lane Hair & Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 10183433. The registered office is 1a Dowker Lane, KENDAL, LA9 4DN, ENGLAND.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% reducing balance
Fixtures & fittings
15% Reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell..
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The Lane Hair & Beauty Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
4,283 
6,963 
11,246 
At 31 July 2023
4,283 
6,963 
11,246 
Depreciation
At 1 August 2022
3,355 
4,142 
7,497 
Charge for the year
394 
224 
618 
At 31 July 2023
3,749 
4,366 
8,115 
Net book value
At 31 July 2023
534 
2,597 
3,131 
At 31 July 2022
928 
2,821 
3,749 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
575 
675 
Taxes and social security
17,472 
11,301 
Loans from directors
17,652 
13,278 
Accruals
8,230 
8,220 
43,929 
33,474 
6
Average number of employees
During the year the average number of employees was 4 (2022: 3).
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