The Barber Shop Company Limited 03916860 false 2022-03-31 2023-03-30 2023-03-30 The principal activity of the company is hairdressing and beauty treatments Digita Accounts Production Advanced 6.30.9574.0 true 03916860 2022-03-31 2023-03-30 03916860 2023-03-30 03916860 core:CurrentFinancialInstruments 2023-03-30 03916860 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-30 03916860 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-30 03916860 core:FurnitureFittings 2023-03-30 03916860 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-30 03916860 bus:SmallEntities 2022-03-31 2023-03-30 03916860 bus:AuditExemptWithAccountantsReport 2022-03-31 2023-03-30 03916860 bus:FullAccounts 2022-03-31 2023-03-30 03916860 bus:SmallCompaniesRegimeForAccounts 2022-03-31 2023-03-30 03916860 bus:RegisteredOffice 2022-03-31 2023-03-30 03916860 bus:Director3 2022-03-31 2023-03-30 03916860 bus:PrivateLimitedCompanyLtd 2022-03-31 2023-03-30 03916860 core:FurnitureFittings 2022-03-31 2023-03-30 03916860 core:FurnitureFittingsToolsEquipment 2022-03-31 2023-03-30 03916860 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 2023-03-30 03916860 core:LeaseholdImprovements 2022-03-31 2023-03-30 03916860 countries:AllCountries 2022-03-31 2023-03-30 03916860 2022-03-30 03916860 core:FurnitureFittings 2022-03-30 03916860 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-30 03916860 2021-03-31 2022-03-30 03916860 2022-03-30 03916860 core:CurrentFinancialInstruments 2022-03-30 03916860 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-30 03916860 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-30 03916860 core:FurnitureFittings 2022-03-30 03916860 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-30 iso4217:GBP xbrli:pure

Registration number: 03916860

The Barber Shop Company Limited

Unaudited Financial Statements

for the Year Ended 30 March 2023

 

The Barber Shop Company Limited

(Registration number: 03916860)

Balance Sheet as at 30 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

6,003

4,148

Current assets

 

Stocks

1,000

1,000

Debtors

4

-

9,921

Cash at bank and in hand

 

287

2,373

 

1,287

13,294

Creditors: Amounts falling due within one year

5

(90,196)

(80,137)

Net current liabilities

 

(88,909)

(66,843)

Total assets less current liabilities

 

(82,906)

(62,695)

Creditors: Amounts falling due after more than one year

5

(265,366)

(267,445)

Net liabilities

 

(348,272)

(330,140)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(348,372)

(330,240)

Shareholders' deficit

 

(348,272)

(330,140)

For the financial year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 24 November 2023
 

 

The Barber Shop Company Limited

(Registration number: 03916860)

Balance Sheet as at 30 March 2023

.........................................

Mr K J Upperdine
Director

 

The Barber Shop Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

1

Accounting policies

The Barber Shop Company Limited is a private company, limited by shares, domiciled in England and Wales, company number 03916860. The registered office is at 80/82 Sheffield Road, Hoyland Common, Barnsley, S74 0DQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property improvements

Straight line over the lease period

Fixtures, fittings and equipment

20% straight line

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

 

The Barber Shop Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2022 - 7).

3

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost

At 31 March 2022

37,113

58,323

95,436

Additions

-

3,673

3,673

At 30 March 2023

37,113

61,996

99,109

Depreciation

At 31 March 2022

37,113

54,175

91,288

Charge for the year

-

1,818

1,818

At 30 March 2023

37,113

55,993

93,106

Carrying amount

At 30 March 2023

-

6,003

6,003

At 30 March 2022

-

4,148

4,148

 

The Barber Shop Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 March 2023

4

Debtors

2023
£

2022
£

Other debtors

-

9,921

-

9,921

5

Creditors

2023
 £

2022
 £

Due within one year

Loans and borrowings

6,796

6,653

Trade creditors

5,286

-

Social security and other taxes

65,291

63,007

Outstanding defined contribution pension costs

589

568

Other creditors

8,509

-

Accruals and deferred income

3,725

9,909

90,196

80,137

Due after one year

Loans and borrowings

15,863

22,802

Directors' current accounts

249,503

244,643

265,366

267,445

6

Financial commitments, guarantees and contingencies

Operating leases

The total amount of financial commitments not included in the balance sheet is £6,456 (2022 - £15,782).