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REGISTERED NUMBER: 12462382 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

The Original Golden Barbers Ltd

The Original Golden Barbers Ltd (Registered number: 12462382)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Original Golden Barbers Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S Y Binsilim





REGISTERED OFFICE: 14 Goodmayes Road
Ilford
IG3 9UN





REGISTERED NUMBER: 12462382 (England and Wales)





ACCOUNTANTS: Londongate Accountancy Ltd
124 City Road
London
EC1V 2NX

The Original Golden Barbers Ltd (Registered number: 12462382)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,502 64,465

CURRENT ASSETS
Cash at bank 31,721 142

CREDITORS
Amounts falling due within one year 5 69,201 39,549
NET CURRENT LIABILITIES (37,480 ) (39,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,022

25,058

RESERVES
Retained earnings 26,022 25,058
26,022 25,058

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 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 Original Golden Barbers Ltd (Registered number: 12462382)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





S Y Binsilim - Director


The Original Golden Barbers Ltd (Registered number: 12462382)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Original Golden Barbers 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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Original Golden Barbers Ltd (Registered number: 12462382)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 83,225 12,357 95,582
Additions 1,067 11,500 12,567
At 28 February 2023 84,292 23,857 108,149
DEPRECIATION
At 1 March 2022 29,892 1,225 31,117
Charge for year 12,200 1,330 13,530
At 28 February 2023 42,092 2,555 44,647
NET BOOK VALUE
At 28 February 2023 42,200 21,302 63,502
At 28 February 2022 53,333 11,132 64,465

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 180 -
Other creditors 69,021 39,549
69,201 39,549