Company Registration No. 01434821 (England and Wales)
Hair Professional Limited
Unaudited accounts
for the year ended 31 March 2023
Hair Professional Limited
Unaudited accounts
Contents
Hair Professional Limited
Company Information
for the year ended 31 March 2023
Directors
Mrs A J Mitchell
Mr P Powell
Company Number
01434821 (England and Wales)
Registered Office
86 KING STREET
MAIDSTONE
KENT
ME14 1BH
Accountants
Crittendens Accountants
Featherstone House
High Street
Rochester
Kent
ME1 1DQ
Hair Professional Limited
Statement of financial position
as at 31 March 2023
Intangible assets
1,000
1,250
Tangible assets
3,568
2,499
Cash at bank and in hand
71,001
56,300
Creditors: amounts falling due within one year
(23,529)
(22,714)
Net current assets
66,673
54,306
Total assets less current liabilities
71,241
58,055
Creditors: amounts falling due after more than one year
(9,304)
(13,282)
Called up share capital
100
100
Profit and loss account
61,837
44,673
Shareholders' funds
61,937
44,773
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by
Mrs A J Mitchell
Director
Company Registration No. 01434821
Hair Professional Limited
Notes to the Accounts
for the year ended 31 March 2023
Hair Professional Limited is a private company, limited by shares, registered in England and Wales, registration number 01434821. The registered office is 86 KING STREET, MAIDSTONE, KENT, ME14 1BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on the reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Hair Professional Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
2,679
1,083
3,762
At 31 March 2023
2,679
3,340
6,019
At 1 April 2022
992
271
1,263
Charge for the year
421
767
1,188
At 31 March 2023
1,413
1,038
2,451
At 31 March 2023
1,266
2,302
3,568
At 31 March 2022
1,687
812
2,499
Amounts falling due within one year
Accrued income and prepayments
990
564
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,978
3,877
Trade creditors
1,583
2,157
Taxes and social security
6,186
7,259
Loans from directors
836
9
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).