Registered number
04384511
EREN 2002 LIMITED
Filleted Accounts
28 February 2023
EREN 2002 LIMITED
Registered number: 04384511
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,711 6,965
Current assets
Stocks 615 495
Debtors 4 20,846 30,786
Cash at bank and in hand 13,025 6,507
34,486 37,788
Creditors: amounts falling due within one year 5 (6,937) (8,058)
Net current assets 27,549 29,730
Total assets less current liabilities 33,260 36,695
Creditors: amounts falling due after more than one year 6 (11,084) (15,212)
Net assets 22,176 21,483
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,076 21,383
Shareholder's funds 22,176 21,483
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr. Erol Husseyin
Director
Approved by the board on 21 November 2023
EREN 2002 LIMITED
Notes to the Accounts
for the year ended 28 February 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 rendering of hairdressing services.
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, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings and equipment 18% 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 March 2022 22,465
At 28 February 2023 22,465
Depreciation
At 1 March 2022 15,500
Charge for the year 1,254
At 28 February 2023 16,754
Net book value
At 28 February 2023 5,711
At 28 February 2022 6,965
4 Debtors 2023 2022
£ £
Prepayments & other debtors 20,846 30,786
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 4,472 4,472
Taxation and social security costs 1,335 2,044
Accrued expenses & other creditors 1,130 1,542
6,937 8,058
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 11,084 15,212
7 Other information
EREN 2002 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
147 Cranbrook Road
Ilford
Essex
IG1 4PU
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