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REGISTERED NUMBER: 12604292 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Niketa Hair Lounge Ltd

Niketa Hair Lounge Ltd (Registered number: 12604292)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Niketa Hair Lounge Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mrs N Derza





REGISTERED OFFICE: 65 Dartmouth Road
Forest Hill
London
SE23 3HT





REGISTERED NUMBER: 12604292 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Niketa Hair Lounge Ltd (Registered number: 12604292)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 5,592 8,388
7,592 11,388

CURRENT ASSETS
Debtors 6 7,250 7,250
Cash at bank and in hand 8,674 4,821
15,924 12,071
CREDITORS
Amounts falling due within one year 7 11,865 7,002
NET CURRENT ASSETS 4,059 5,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,651

16,457

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,650 16,456
SHAREHOLDERS' FUNDS 11,651 16,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 9 February 2024 and were signed by:





Mrs N Derza - Director


Niketa Hair Lounge Ltd (Registered number: 12604292)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Niketa Hair Lounge 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 represents net invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Niketa Hair Lounge Ltd (Registered number: 12604292)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 5,000
AMORTISATION
At 1 June 2022 2,000
Charge for year 1,000
At 31 May 2023 3,000
NET BOOK VALUE
At 31 May 2023 2,000
At 31 May 2022 3,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 13,980
DEPRECIATION
At 1 June 2022 5,592
Charge for year 2,796
At 31 May 2023 8,388
NET BOOK VALUE
At 31 May 2023 5,592
At 31 May 2022 8,388

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 7,250 7,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 1
Taxation and social security 8,008 2,576
Other creditors 3,857 4,425
11,865 7,002