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REGISTERED NUMBER: 05215275 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

SIMPLY THE BEST (WHALLEY) LIMITED

SIMPLY THE BEST (WHALLEY) LIMITED (REGISTERED NUMBER: 05215275)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SIMPLY THE BEST (WHALLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: Mrs S L MacMillan





SECRETARY: Mr P MacNeall





REGISTERED OFFICE: 12 Manor Road
Whalley
Clitheroe
Lancashire
BB7 9TE





REGISTERED NUMBER: 05215275 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

SIMPLY THE BEST (WHALLEY) LIMITED (REGISTERED NUMBER: 05215275)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,410 11,110
9,410 11,110

CURRENT ASSETS
Stocks 4,350 4,105
Debtors 6 535 333
Cash at bank and in hand 34,857 39,828
39,742 44,266
CREDITORS
Amounts falling due within one year 7 7,842 11,747
NET CURRENT ASSETS 31,900 32,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,310

43,629

PROVISIONS FOR LIABILITIES 1,780 2,111
NET ASSETS 39,530 41,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,430 41,418
SHAREHOLDERS' FUNDS 39,530 41,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

SIMPLY THE BEST (WHALLEY) LIMITED (REGISTERED NUMBER: 05215275)

BALANCE SHEET - continued
30TH SEPTEMBER 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 1st February 2024 and were signed by:





Mrs S L MacMillan - Director


SIMPLY THE BEST (WHALLEY) LIMITED (REGISTERED NUMBER: 05215275)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Simply The Best (Whalley) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten 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.
Salon equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

SIMPLY THE BEST (WHALLEY) LIMITED (REGISTERED NUMBER: 05215275)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 35,000
AMORTISATION
At 1st October 2022
and 30th September 2023 35,000
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Salon and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1st October 2022
and 30th September 2023 29,726 44,450 3,729 77,905
DEPRECIATION
At 1st October 2022 25,502 37,602 3,691 66,795
Charge for year 634 1,028 38 1,700
At 30th September 2023 26,136 38,630 3,729 68,495
NET BOOK VALUE
At 30th September 2023 3,590 5,820 - 9,410
At 30th September 2022 4,224 6,848 38 11,110

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Prepayments 535 333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,057 608
Tax 4,171 2,562
Director's current account 1,174 7,137
Accruals 1,440 1,440
7,842 11,747