IRIS Accounts Production v23.2.0.158 01126386 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 A Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011263862022-03-31011263862023-03-31011263862022-04-012023-03-31011263862021-03-31011263862021-04-012022-03-31011263862022-03-3101126386ns10:Originalns15:EnglandWales2022-04-012023-03-3101126386ns14:PoundSterlingns10:Original2022-04-012023-03-3101126386ns10:Originalns10:Director12022-04-012023-03-3101126386ns10:Original2022-04-012023-03-3101126386ns10:Original2023-03-3101126386ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3101126386ns10:Originalns10:SmallEntities2022-04-012023-03-3101126386ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3101126386ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101126386ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3101126386ns10:Originalns10:FullAccounts2022-04-012023-03-3101126386ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3101126386ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3101126386ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3101126386ns10:Originalns10:Director22022-04-012023-03-3101126386ns10:CompanySecretary1ns10:Original2022-04-012023-03-3101126386ns10:Originalns10:CompanySecretary22022-04-012023-03-3101126386ns10:Originalns10:RegisteredOffice2022-04-012023-03-3101126386ns10:Original2022-03-3101126386ns10:Originalns5:CurrentFinancialInstruments2023-03-3101126386ns10:Originalns5:CurrentFinancialInstruments2022-03-3101126386ns5:ShareCapitalns10:Original2023-03-3101126386ns5:ShareCapitalns10:Original2022-03-3101126386ns10:Originalns5:CapitalRedemptionReserve2023-03-3101126386ns10:Originalns5:CapitalRedemptionReserve2022-03-3101126386ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3101126386ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3101126386ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-3101126386ns10:Originalns5:PlantMachinery2022-04-012023-03-3101126386ns10:Originalns5:FurnitureFittings2022-04-012023-03-3101126386ns10:Originalns5:MotorVehicles2022-04-012023-03-3101126386ns10:Original2021-04-012022-03-3101126386ns10:Originalns5:LandBuildings2022-03-3101126386ns10:Originalns5:PlantMachinery2022-03-3101126386ns10:Originalns5:FurnitureFittings2022-03-3101126386ns10:Originalns5:MotorVehicles2022-03-3101126386ns10:Original2022-03-3101126386ns10:Originalns5:LandBuildings2022-04-012023-03-3101126386ns10:Originalns5:LandBuildings2023-03-3101126386ns10:Originalns5:PlantMachinery2023-03-3101126386ns10:Originalns5:FurnitureFittings2023-03-3101126386ns10:Originalns5:MotorVehicles2023-03-3101126386ns10:Originalns5:LandBuildings2022-03-3101126386ns10:Originalns5:PlantMachinery2022-03-3101126386ns10:Originalns5:FurnitureFittings2022-03-3101126386ns10:Originalns5:MotorVehicles2022-03-3101126386ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101126386ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3101126386ns10:Originalns10:OrdinaryShareClass12023-03-3101126386ns10:Originalns10:OrdinaryShareClass22023-03-3101126386ns10:OrdinaryShareClass3ns10:Original2023-03-31
REGISTERED NUMBER: 01126386 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LESLIE FRANCES (HAIR FASHIONS) LIMITED

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


LESLIE FRANCES (HAIR FASHIONS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs D J Ashurst
Mrs J D Childs



SECRETARIES: Mrs D J Ashurst
Mrs J D Childs



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



REGISTERED NUMBER: 01126386 (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 (HAIR FASHIONS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







SOLICITORS: Mills Kemp & Brown
1-11 Huddersfield Road
Barnsley
South Yorkshire
S70 2PL

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,773 107,962
Investment 5 100 100
98,873 108,062

CURRENT ASSETS
Stocks 6 23,250 18,850
Debtors 7 48,912 49,398
Cash at bank and in hand 323,855 394,259
396,017 462,507
CREDITORS
Amounts falling due within one year 8 69,562 98,931
NET CURRENT ASSETS 326,455 363,576
TOTAL ASSETS LESS CURRENT LIABILITIES 425,328 471,638

PROVISIONS FOR LIABILITIES 1,320 1,168
NET ASSETS 424,008 470,470

CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 100 100
Retained earnings 423,808 470,270
SHAREHOLDERS' FUNDS 424,008 470,470

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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 D J Ashurst - Director


LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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

1. STATUTORY INFORMATION

Leslie Frances (Hair Fashions) 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.

Preparation of consolidated financial statements
The financial statements contain information about Leslie Frances (Hair Fashions) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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

2. ACCOUNTING POLICIES - continued

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 can be measured reliably and it is possible that the economic benefits associated with the transaction will flow to the company. This is usually on payment for goods and services provided.

REVENUE GRANTS
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 2% on cost
Office & electrical equipment - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.


LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 34 ) .

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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

4. TANGIBLE FIXED ASSETS
Freehold Office & Fixtures
land and electrical and Motor
buildings equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 212,882 33,906 104,300 23,574 374,662
Additions - 1,529 2,735 - 4,264
Disposals - - - (23,574 ) (23,574 )
At 31 March 2023 212,882 35,435 107,035 - 355,352
DEPRECIATION
At 1 April 2022 120,485 29,875 98,360 17,980 266,700
Charge for year 4,257 2,006 1,596 1,399 9,258
Eliminated on disposal - - - (19,379 ) (19,379 )
At 31 March 2023 124,742 31,881 99,956 - 256,579
NET BOOK VALUE
At 31 March 2023 88,140 3,554 7,079 - 98,773
At 31 March 2022 92,397 4,031 5,940 5,594 107,962

5. INVESTMENT
Total
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. STOCKS
31.3.23 31.3.22
£    £   
Goods for resale 23,250 18,850

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 27,879 26,703
Other debtors 17,924 17,924
Called up share capital not paid 100 100
Prepayments and accrued income 3,009 4,671
48,912 49,398

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 13,494 12,559
Amounts owed to group undertakings 100 100
Corporation tax - 2,702
Social security and other taxes 2,931 2,324
VAT 10,586 9,871
Other creditors 10,000 17,616
Directors' current accounts 18,700 41,900
Accruals and deferred income 13,751 11,859
69,562 98,931

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
98 Ordinary £1 98 98
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
100 100

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

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

10. RELATED PARTY DISCLOSURES

Other related parties

31.03.23 31.03.22
£ £
Training services expenditure 46,640 43,230

During the year, no interest was charged on the loan to the related party.
31.03.23 31.03.22
£ £
Amount due from related party at the balance sheet date 17,714 17,714