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REGISTERED NUMBER: 08137710 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)






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


LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs D J Ashurst
Mrs J D Childs



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 08137710 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Barclays Bank Plc
10 - 18 Queen Street
Barnsley
South Yorkshire
S70 2AJ

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,102 1,469
1,102 1,469

CURRENT ASSETS
Stocks 6 9,400 11,590
Debtors 7 12,830 24,741
Cash at bank and in hand 25,557 28,158
47,787 64,489
CREDITORS
Amounts falling due within one year 8 33,922 44,259
NET CURRENT ASSETS 13,865 20,230
TOTAL ASSETS LESS CURRENT LIABILITIES 14,967 21,699

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 14,667 21,399
SHAREHOLDERS' FUNDS 14,967 21,699

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

BALANCE SHEET - continued
31 MARCH 2023


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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mrs J D Childs - Director


LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Leslie Frances Elite Hairdressing & Training 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of products and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the company. This is usually on payment for goods and services provided.

GRANT INCOME
Grant income is recognised on an accruals basis and is accounted for in the period to which it relates.

Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business 2013, has been amortised.

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.
Land and buildings - Not depreciated and carried at cost
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

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

Financial instruments
Financial instruments are classified and accounted for, according to substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Operating lease commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company contributes to employees personal pension scheme. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,999
AMORTISATION
At 1 April 2022
and 31 March 2023 10,999
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 1 24,000 24,001
DEPRECIATION
At 1 April 2022 - 22,532 22,532
Charge for year - 367 367
At 31 March 2023 - 22,899 22,899
NET BOOK VALUE
At 31 March 2023 1 1,101 1,102
At 31 March 2022 1 1,468 1,469

6. STOCKS
31.3.23 31.3.22
£    £   
Goods for resale 9,400 11,590

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,140 5,256
Prepayments 8,690 19,485
12,830 24,741

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,561 19,478
Corporation tax - 225
VAT 1,191 971
Other creditors 21,370 21,165
Accruals and deferred income 2,800 2,420
33,922 44,259

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 31,000 31,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 A Ordinary £1 100 100

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
200 Ordinary shares £1 200 200

LESLIE FRANCES ELITE HAIRDRESSING
& TRAINING LIMITED (REGISTERED NUMBER: 08137710)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

11. RELATED PARTY DISCLOSURES

Other related parties

31.03.23 31.03.22
£ £
Training income 46,640 43,230



During the year, no interest was charged on the loan from the related party.

31.03.23 31.03.22
£ £
Amount due to related party at the balance sheet date 17,714 17,714