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REGISTERED NUMBER: 13420457 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022

FOR

ADAM GROOMING SP LTD

ADAM GROOMING SP LTD (REGISTERED NUMBER: 13420457)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ADAM GROOMING SP LTD

COMPANY INFORMATION
FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022







DIRECTOR: Mr Y O Pakcan





REGISTERED OFFICE: 8 Gees Court
London
W1U 1JQ





REGISTERED NUMBER: 13420457 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ADAM GROOMING SP LTD (REGISTERED NUMBER: 13420457)

BALANCE SHEET
31 MAY 2022

Notes £    £   
FIXED ASSETS
Tangible assets 4 18,608

CURRENT ASSETS
Debtors 5 7,500
Cash at bank 9,803
17,303
CREDITORS
Amounts falling due within one year 6 24,809
NET CURRENT LIABILITIES (7,506 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,102

RESERVES
Retained earnings 11,102
SHAREHOLDERS' FUNDS 11,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 23 November 2023 and were signed by:





Mr Y O Pakcan - Director


ADAM GROOMING SP LTD (REGISTERED NUMBER: 13420457)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022

1. STATUTORY INFORMATION

Adam Grooming Sp 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable excluding discounts and rebates.

Tangible fixed assets
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short leasehold 20% reducing balance
Fixtures and fittings 25% reducing balance


The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Taxation
Taxation for the period 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.


ADAM GROOMING SP LTD (REGISTERED NUMBER: 13420457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022

2. ACCOUNTING POLICIES - continued
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 period 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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
Additions 3,008 15,600 18,608
At 31 May 2022 3,008 15,600 18,608
NET BOOK VALUE
At 31 May 2022 3,008 15,600 18,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 7,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 750
Amounts owed to group undertakings 22,200
Other creditors 1,859
24,809

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary 0.01 -

ADAM GROOMING SP LTD (REGISTERED NUMBER: 13420457)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 MAY 2021 TO 31 MAY 2022

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.