Company Registration No. 11245894 (England and Wales)
Halo Hairdressing Baildon Ltd
Unaudited accounts
for the year ended 31 March 2023
Halo Hairdressing Baildon Ltd
Unaudited accounts
Contents
Halo Hairdressing Baildon Ltd
Company Information
for the year ended 31 March 2023
Company Number
11245894 (England and Wales)
Registered Office
4A WESTGATE WESTGATE
BAILDON
SHIPLEY
BD17 5EJ
ENGLAND
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Halo Hairdressing Baildon Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
2,500
3,000
Tangible assets
7,251
9,065
Cash at bank and in hand
1,067
8,403
Creditors: amounts falling due within one year
(10,196)
(14,084)
Net current liabilities
(5,782)
(1,458)
Total assets less current liabilities
3,969
10,607
Creditors: amounts falling due after more than one year
(5,746)
(7,898)
Net (liabilities)/assets
(1,777)
2,709
Called up share capital
10
10
Profit and loss account
(1,787)
2,699
Shareholders' funds
(1,777)
2,709
For the year ending 31 March 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 20 November 2023 and were signed on its behalf by
Annabelle Wilson
Director
Company Registration No. 11245894
Halo Hairdressing Baildon Ltd
Notes to the Accounts
for the year ended 31 March 2023
Halo Hairdressing Baildon Ltd is a private company, limited by shares, registered in England and Wales, registration number 11245894. The registered office is 4A WESTGATE WESTGATE, BAILDON, SHIPLEY, BD17 5EJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Halo Hairdressing Baildon Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
12,000
8,000
1,058
21,058
At 31 March 2023
12,000
8,000
1,058
21,058
At 1 April 2022
7,085
4,723
185
11,993
Charge for the year
983
656
175
1,814
At 31 March 2023
8,068
5,379
360
13,807
At 31 March 2023
3,932
2,621
698
7,251
At 31 March 2022
4,915
3,277
873
9,065
Amounts falling due within one year
Accrued income and prepayments
-
90
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,921
1,812
Taxes and social security
1,994
8,498
Loans from directors
1,570
331
Halo Hairdressing Baildon Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).