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Company Registration No. 10628350 (England and Wales)
Abstract Hair Design Limited Unaudited accounts for the year ended 28 February 2023
Abstract Hair Design Limited Unaudited accounts Contents
Page
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Abstract Hair Design Limited Company Information for the year ended 28 February 2023
Director
Kelly Louise Cairns
Company Number
10628350 (England and Wales)
Registered Office
Offices 3 & 4 The Meadows Church Road Dodleston Chester CH4 9NG England
Accountants
Barnes Cooper Ltd Offices 3 & 4 The Meadows Church Road Dodleston Chester CH4 9NG
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Abstract Hair Design Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
48,480 
48,480 
Tangible assets
4,705 
5,417 
53,185 
53,897 
Current assets
Inventories
7,752 
1,349 
Debtors
160 
968 
Cash at bank and in hand
61,823 
46,135 
69,735 
48,452 
Creditors: amounts falling due within one year
(35,139)
(25,071)
Net current assets
34,596 
23,381 
Total assets less current liabilities
87,781 
77,278 
Creditors: amounts falling due after more than one year
(13,500)
(19,500)
Net assets
74,281 
57,778 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
74,181 
57,678 
Shareholders' funds
74,281 
57,778 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Kelly Louise Cairns Director Company Registration No. 10628350
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Abstract Hair Design Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Abstract Hair Design Limited is a private company, limited by shares, registered in England and Wales, registration number 10628350. The registered office is Offices 3 & 4, The Meadows, Church Road, Dodleston, Chester, CH4 9NG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
48,480 
At 28 February 2023
48,480 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
48,480 
At 28 February 2022
48,480 
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Abstract Hair Design Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
2,307 
8,221 
1,745 
12,273 
Additions
- 
287 
571 
858 
At 28 February 2023
2,307 
8,508 
2,316 
13,131 
Depreciation
At 1 March 2022
781 
5,339 
736 
6,856 
Charge for the year
382 
792 
396 
1,570 
At 28 February 2023
1,163 
6,131 
1,132 
8,426 
Net book value
At 28 February 2023
1,144 
2,377 
1,184 
4,705 
At 28 February 2022
1,526 
2,882 
1,009 
5,417 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
160 
968 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
10,589 
7,097 
Trade creditors
1,111 
1,056 
Taxes and social security
12,278 
7,593 
Other creditors
- 
1,000 
Loans from directors
3,361 
525 
Accruals
1,800 
1,800 
35,139 
25,071 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,500 
19,500 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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