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Company Registration No. 11989971 (England and Wales)
MANCAVE BARBER LOUNGE LTD Unaudited accounts for the year ended 31 May 2023
MANCAVE BARBER LOUNGE LTD Unaudited accounts Contents
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MANCAVE BARBER LOUNGE LTD Company Information for the year ended 31 May 2023
Director
Mrs. Fathima Rushdiya MOHAMMED LAFIR
Company Number
11989971 (England and Wales)
Registered Office
74 HALSTEAD STREET LEICESTER LE5 3RD ENGLAND
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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MANCAVE BARBER LOUNGE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,872 
3,502 
Current assets
Inventories
2,240 
3,760 
Cash at bank and in hand
3,729 
865 
5,969 
4,625 
Creditors: amounts falling due within one year
(8,593)
(3,611)
Net current (liabilities)/assets
(2,624)
1,014 
Net assets
248 
4,516 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
148 
4,416 
Shareholders' funds
248 
4,516 
For the year ending 31 May 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 director acknowledges her 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 and authorised for issue on 15 February 2024 and were signed on its behalf by
Mrs. Fathima Rushdiya MOHAMMED LAFIR Director Company Registration No. 11989971
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MANCAVE BARBER LOUNGE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MANCAVE BARBER LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 11989971. The registered office is 74 HALSTEAD STREET, LEICESTER, LE5 3RD, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
18%
Fixtures & fittings
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
2,150 
4,200 
6,350 
At 31 May 2023
2,150 
4,200 
6,350 
Depreciation
At 1 June 2022
964 
1,884 
2,848 
Charge for the year
213 
417 
630 
At 31 May 2023
1,177 
2,301 
3,478 
Net book value
At 31 May 2023
973 
1,899 
2,872 
At 31 May 2022
1,186 
2,316 
3,502 
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MANCAVE BARBER LOUNGE LTD Notes to the Accounts for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
865 
Other creditors
8,593 
2,746 
8,593 
3,611 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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