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Registration number: 04848324

Rogers Barber Shop Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Rogers Barber Shop Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 6

 

Rogers Barber Shop Limited

Company Information

Directors

Mr R A Barnes

Mr D L Barnes

Company secretary

Mrs V Barnes

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Rogers Barber Shop Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rogers Barber Shop Limited for the year ended 31 August 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Rogers Barber Shop Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rogers Barber Shop Limited and state those matters that we have agreed to state to the Board of Directors of Rogers Barber Shop Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rogers Barber Shop Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rogers Barber Shop Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rogers Barber Shop Limited. You consider that Rogers Barber Shop Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rogers Barber Shop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

7 March 2024

 

Rogers Barber Shop Limited

(Registration number: 04848324)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,969

3,454

Current assets

 

Stocks

5

40

40

Debtors

6

1,181

376

Cash at bank and in hand

 

2,330

6,122

 

3,551

6,538

Creditors: Amounts falling due within one year

7

(4,925)

(7,167)

Net current liabilities

 

(1,374)

(629)

Total assets less current liabilities

 

1,595

2,825

Creditors: Amounts falling due after more than one year

7

(681)

(1,042)

Net assets

 

914

1,783

Capital and reserves

 

Called up share capital

350

350

Retained earnings

564

1,433

Shareholders' funds

 

914

1,783

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................
Mr R A Barnes
Director

   
     
 

Rogers Barber Shop Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

At the end of the year, the company's balance sheet is showing net current liabilities of £353 (2022: £629). Accordingly, the directors has had to consider the basis upon which the accounts have been prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the directors continue to provide financial support when necessary to the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Rogers Barber Shop Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 September 2022

8,535

8,535

Additions

258

258

At 31 August 2023

8,793

8,793

Depreciation

At 1 September 2022

5,081

5,081

Charge for the year

743

743

At 31 August 2023

5,824

5,824

Carrying amount

At 31 August 2023

2,969

2,969

At 31 August 2022

3,454

3,454

5

Stocks

2023
£

2022
£

Other inventories

40

40

 

Rogers Barber Shop Limited

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

6

Debtors

2023
£

2022
£

Prepayments

410

376

Other debtors

771

-

1,181

376

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

361

353

Taxation and social security

 

4,418

4,346

Accruals and deferred income

 

146

372

Other creditors

 

-

2,096

 

4,925

7,167

2023
£

2022
£

Current loans and borrowings

Bank borrowings

361

353

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

681

1,042

8

Related party transactions

During the year the company made cash advances of £32,107 to the directors, £28,596 of this amount repaid during the year and the balance outstanding at 31 August 2023 was £768 (2022: £2,098 creditor).