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REGISTERED NUMBER: 07552415 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ARUSHA HAIR & BEAUTY LTD

ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)






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


ARUSHA HAIR & BEAUTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr J F Gillespie
Miss A Mason





REGISTERED OFFICE: 5 Derwent Gardens
Ashby De La Zouch
Leicestershire
LE65 1HJ





REGISTERED NUMBER: 07552415 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
202 Tangible assets 4 131

CURRENT ASSETS
2,250 Stocks 5 2,250
23,623 Debtors 6 26,215
4,435 Cash at bank 2,382
30,308 30,847
CREDITORS
11,785 Amounts falling due within one year 7 17,392
18,523 NET CURRENT ASSETS 13,455
18,725 TOTAL ASSETS LESS CURRENT
LIABILITIES

13,586

CREDITORS
(18,345 ) Amounts falling due after more than one
year

8

(12,773

)

(38 ) PROVISIONS FOR LIABILITIES 9 (25 )
342 NET ASSETS 788

CAPITAL AND RESERVES
4 Called up share capital 10 4
338 Retained earnings 784
342 SHAREHOLDERS' FUNDS 788

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.

ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)

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 10 November 2023 and were signed on its behalf by:





Miss A Mason - Director


ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)

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

1. STATUTORY INFORMATION

Arusha Hair & Beauty Ltd 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.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 33% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Totals fittings equipment
£    £    £   
COST
At 1 April 2022
and 31 March 2023 29,370 28,820 550
DEPRECIATION
At 1 April 2022 29,168 28,618 550
Charge for year 71 71 -
At 31 March 2023 29,239 28,689 550
NET BOOK VALUE
At 31 March 2023 131 131 -
At 31 March 2022 202 202 -

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 2,250 2,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 20,000 20,000
Directors' current accounts 2,557 -
Accrued income 3,500 3,500
Prepayments 158 123
26,215 23,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,508 5,515
Trade creditors 202 1,300
Tax 2,432 3,340
Section 455 863 -
Social security and other taxes - 37
Pension control 97 124
JFXM Limited loan 7,312 443
Directors' current accounts - 94
Accrued expenses 978 932
17,392 11,785

The loan from JFXM Exports Limited is interest free, payable upon request and is connected to the company through common shareholders.

ARUSHA HAIR & BEAUTY LTD (REGISTERED NUMBER: 07552415)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 5,356 5,363
Bank loans - 2-5 years 7,417 12,982
12,773 18,345

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 25 38

Deferred
tax
£   
Balance at 1 April 2022 38
Deferred tax movement (13 )
Balance at 31 March 2023 25

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
4 Ordinary £1 4 4