IRIS Accounts Production v23.3.1.45 09588533 director 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095885332022-08-31095885332023-08-31095885332022-09-012023-08-31095885332021-08-31095885332021-09-012022-08-31095885332022-08-3109588533ns10:Originalns15:EnglandWales2022-09-012023-08-3109588533ns14:PoundSterlingns10:Original2022-09-012023-08-3109588533ns10:Originalns10:Director12022-09-012023-08-3109588533ns10:Original2022-09-012023-08-3109588533ns10:Original2023-08-3109588533ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3109588533ns10:Originalns10:SmallEntities2022-09-012023-08-3109588533ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3109588533ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3109588533ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3109588533ns10:Originalns10:FullAccounts2022-09-012023-08-3109588533ns10:Original12022-09-012023-08-3109588533ns10:Originalns10:RegisteredOffice2022-09-012023-08-3109588533ns10:Original2022-08-3109588533ns10:Originalns5:CurrentFinancialInstruments2023-08-3109588533ns10:Originalns5:CurrentFinancialInstruments2022-08-3109588533ns10:Originalns5:Non-currentFinancialInstruments2023-08-3109588533ns10:Originalns5:Non-currentFinancialInstruments2022-08-3109588533ns5:ShareCapitalns10:Original2023-08-3109588533ns5:ShareCapitalns10:Original2022-08-3109588533ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3109588533ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3109588533ns10:Originalns5:NetGoodwill2022-09-012023-08-3109588533ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-012023-08-3109588533ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3109588533ns10:Originalns5:FurnitureFittings2022-09-012023-08-3109588533ns10:Original2021-09-012022-08-3109588533ns10:Originalns5:NetGoodwill2022-08-3109588533ns10:Originalns5:NetGoodwill2023-08-3109588533ns10:Originalns5:NetGoodwill2022-08-3109588533ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3109588533ns10:Originalns5:FurnitureFittings2022-08-3109588533ns10:Original2022-08-3109588533ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-3109588533ns10:Originalns5:FurnitureFittings2023-08-3109588533ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3109588533ns10:Originalns5:FurnitureFittings2022-08-3109588533ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3109588533ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 09588533 (England and Wales)















RED HAIRDRESSING ORPINGTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RED HAIRDRESSING ORPINGTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Miss H J Kenward





REGISTERED OFFICE: 47a High Street
Green Street Green
Orpington
Kent
BR6 6BG





REGISTERED NUMBER: 09588533 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 14,000 21,000
Tangible assets 5 1,752 3,504
15,752 24,504

CURRENT ASSETS
Stocks 1,551 2,464
Debtors 6 - 426
Cash at bank 1 657
1,552 3,547
CREDITORS
Amounts falling due within one year 7 (6,850 ) (12,928 )
NET CURRENT LIABILITIES (5,298 ) (9,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,454

15,123

CREDITORS
Amounts falling due after more than one
year

8

(4,613

)

(6,324

)
NET ASSETS 5,841 8,799

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,840 8,798
SHAREHOLDERS' FUNDS 5,841 8,799

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





Miss H J Kenward - Director


RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Red Hairdressing Orpington 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 2015, 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.
Short leasehold - 20% on cost
Fixture & Fittings - 20% on cost

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 Statement of Income and Retained Earnings, 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.

RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 70,000
AMORTISATION
At 1 September 2022 49,000
Charge for year 7,000
At 31 August 2023 56,000
NET BOOK VALUE
At 31 August 2023 14,000
At 31 August 2022 21,000

5. TANGIBLE FIXED ASSETS
Short Fixture &
leasehold Fittings Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 8,760 2,045 10,805
DEPRECIATION
At 1 September 2022 5,256 2,045 7,301
Charge for year 1,752 - 1,752
At 31 August 2023 7,008 2,045 9,053
NET BOOK VALUE
At 31 August 2023 1,752 - 1,752
At 31 August 2022 3,504 - 3,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 426

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,669 2,102
Taxation and social security 3,642 5,120
Other creditors 539 5,706
6,850 12,928

RED HAIRDRESSING ORPINGTON LIMITED (REGISTERED NUMBER: 09588533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,613 6,324