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REGISTERED NUMBER: 03598752 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Bobbles Hair Limited

Bobbles Hair Limited (Registered number: 03598752)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bobbles Hair Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M S Tonge
K Tonge





SECRETARY: K Tonge





REGISTERED OFFICE: 92 Market Street (Trading)
Tottington
Bury
Lancashire
BL8 3LJ





REGISTERED NUMBER: 03598752 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Bobbles Hair Limited (Registered number: 03598752)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,725 4,112
Investments 6 57,657 51,432
64,382 55,544

CURRENT ASSETS
Stocks 7 8,500 8,500
Debtors 8 2,769 8,028
Prepayments and accrued income 3,143 2,601
Cash at bank and in hand 97,636 133,087
112,048 152,216
CREDITORS
Amounts falling due within one year 9 (96,224 ) (76,341 )
NET CURRENT ASSETS 15,824 75,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,206

131,419

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 80,204 131,417
SHAREHOLDERS' FUNDS 80,206 131,419

Bobbles Hair Limited (Registered number: 03598752)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





K Tonge - Director


Bobbles Hair Limited (Registered number: 03598752)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bobbles Hair 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.

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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates,value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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 Profit & loss account, 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.

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 AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Bobbles Hair Limited (Registered number: 03598752)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 150,000
AMORTISATION
At 1 August 2022
and 31 July 2023 150,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 100,726 48,429 4,826 153,981
Additions - 3,868 - 3,868
At 31 July 2023 100,726 52,297 4,826 157,849
DEPRECIATION
At 1 August 2022 99,252 45,987 4,630 149,869
Charge for year 295 764 196 1,255
At 31 July 2023 99,547 46,751 4,826 151,124
NET BOOK VALUE
At 31 July 2023 1,179 5,546 - 6,725
At 31 July 2022 1,474 2,442 196 4,112

Bobbles Hair Limited (Registered number: 03598752)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. FIXED ASSET INVESTMENTS

Listed
Investments
£
COST OR VALUATION
At 1 August 2022 51,432
Additions 183
Revaluations 6,042

As 31 July 2023 57,657

NET BOOK VALUE
At 31 July 2023 51,657

At 31 July 2022 51,432


All at valuation at 31 July 2023
Listed
Investments
£
All at Valuation at 31 July 2023 57,657

7. STOCKS
2023 2022
£    £   
Stocks 8,500 8,500

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,769 8,028

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,903 20,682
Taxation and social security 42,003 48,493
Other creditors 26,318 7,166
96,224 76,341