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REGISTERED NUMBER: 09682804 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE CHAPEL HAIR SALON NUMBER 4 LIMITED

THE CHAPEL HAIR SALON NUMBER 4 LIMITED (REGISTERED NUMBER: 09682804)






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


THE CHAPEL HAIR SALON NUMBER 4 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T J Dicker
Mrs A L Faith
M L Palmer





REGISTERED OFFICE: The Chapel
Chapel Place
Tunbridge Wells
TN1 1YQ





REGISTERED NUMBER: 09682804 (England and Wales)





ACCOUNTANTS: Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ

THE CHAPEL HAIR SALON NUMBER 4 LIMITED (REGISTERED NUMBER: 09682804)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 160,060 192,029

CURRENT ASSETS
Stocks 13,628 17,307
Debtors 5 1,551 23,450
Cash at bank and in hand 19,062 19,340
34,241 60,097
CREDITORS
Amounts falling due within one year 6 (720,837 ) (684,268 )
NET CURRENT LIABILITIES (686,596 ) (624,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(526,536

)

(432,142

)

CREDITORS
Amounts falling due after more than one year 7 - (10,000 )
NET LIABILITIES (526,536 ) (442,142 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (526,636 ) (442,242 )
(526,536 ) (442,142 )

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 CHAPEL HAIR SALON NUMBER 4 LIMITED (REGISTERED NUMBER: 09682804)

BALANCE SHEET - continued
31 MARCH 2023


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 14 November 2023 and were signed on its behalf by:




T J Dicker - Director



Mrs A L Faith - Director


THE CHAPEL HAIR SALON NUMBER 4 LIMITED (REGISTERED NUMBER: 09682804)

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

1. STATUTORY INFORMATION

The Chapel Hair Salon Number 4 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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 etc - 15% on reducing balance

Leasehold Over the remaining period of lease
Plant & Machinery 25% Reducing balance

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.

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.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of goods.

THE CHAPEL HAIR SALON NUMBER 4 LIMITED (REGISTERED NUMBER: 09682804)

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

2. ACCOUNTING POLICIES - continued

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of the contract cannot be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 253,001 86,655 339,656
Additions 226 - 226
At 31 March 2023 253,227 86,655 339,882
DEPRECIATION
At 1 April 2022 88,550 59,077 147,627
Charge for year 25,300 6,895 32,195
At 31 March 2023 113,850 65,972 179,822
NET BOOK VALUE
At 31 March 2023 139,377 20,683 160,060
At 31 March 2022 164,451 27,578 192,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,161 270
Other debtors 390 23,180
1,551 23,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,521 288
Amounts owed to group undertakings 682,206 683,585
Taxation and social security 4,315 -
Other creditors 4,795 395
720,837 684,268

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 10,000