Registered number
SC247300
Haircomb @ Salon Denis Ltd
Filleted Accounts
31 March 2023
Haircomb @ Salon Denis Ltd
Registered number: SC247300
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 48 65
Current assets
Stocks 500 500
Debtors 4 11,000 14,600
Cash at bank and in hand 12,578 6,403
24,078 21,503
Creditors: amounts falling due within one year 5 (12,862) (7,626)
Net current assets 11,216 13,877
Total assets less current liabilities 11,264 13,942
Creditors: amounts falling due after more than one year 6 (10,045) (12,532)
Net assets 1,219 1,410
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,215 1,406
Shareholders' funds 1,219 1,410
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Gourdie-Holmes
Director
Approved by the board on 15 November 2023
Haircomb @ Salon Denis Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on a Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 5,845
At 31 March 2023 5,845
Depreciation
At 1 April 2022 5,780
Charge for the year 17
At 31 March 2023 5,797
Net book value
At 31 March 2023 48
At 31 March 2022 65
4 Debtors 2023 2022
£ £
Other debtors 11,000 14,600
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,299 1,108
Taxation and social security costs 6,562 6,518
Other creditors 1 -
12,862 7,626
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce Back Loan 10,032 12,500
Other creditors 13 32
10,045 12,532
7 Other information
Haircomb @ Salon Denis Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
251 High Street
Burntisland
Fife
KY3 9AQ
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