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REGISTERED NUMBER: 04799553 (England and Wales)













THE BARBER SHOP (PONTCANNA) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE BARBER SHOP (PONTCANNA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs A Crothers
Mr. N B Long





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 04799553 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 (2 ) 3
(2 ) 3

CURRENT ASSETS
Debtors 6 17,726 13,159
Cash at bank and in hand 328 465
18,054 13,624
CREDITORS
Amounts falling due within one year 7 37,327 4,942
NET CURRENT (LIABILITIES)/ASSETS (19,273 ) 8,682
TOTAL ASSETS LESS CURRENT LIABILITIES (19,275 ) 8,685

CREDITORS
Amounts falling due after more than one year 8 14,000 14,000
NET LIABILITIES (33,275 ) (5,315 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (33,375 ) (5,415 )
SHAREHOLDERS' FUNDS (33,275 ) (5,315 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs A Crothers - Director


THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

The Barber Shop (Pontcanna) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 March 2022
and 28 February 2023 17,500
AMORTISATION
At 1 March 2022
and 28 February 2023 17,500
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 March 2022
and 28 February 2023 3,736
DEPRECIATION
At 1 March 2022 3,733
Charge for year 5
At 28 February 2023 3,738
NET BOOK VALUE
At 28 February 2023 (2 )
At 28 February 2022 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 17,726 13,159

THE BARBER SHOP (PONTCANNA) LIMITED (REGISTERED NUMBER: 04799553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 5,166 2,332
Other creditors 32,161 2,610
37,327 4,942

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 14,000 14,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances to the directors were repaid in full within nine months of the year end.