REGISTERED NUMBER: |
SALON AND SISTERS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
REGISTERED NUMBER: |
SALON AND SISTERS LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
SALON AND SISTERS LTD (REGISTERED NUMBER: 14042736) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SALON AND SISTERS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
SALON AND SISTERS LTD (REGISTERED NUMBER: 14042736) |
BALANCE SHEET |
29 JUNE 2023 |
Notes | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
SALON AND SISTERS LTD (REGISTERED NUMBER: 14042736) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
1. | STATUTORY INFORMATION |
Salon and Sisters Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14042736 and its registered office is 2 Wheat Moss, Chelford, Macclesfield, SK11 9SP. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The director has considered the business risks and believe that the company is well placed to manage these risks successfully, thus the going concern basis of accounting has been adopted in preparing these financial statements. |
Significant judgements and estimates |
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates. |
The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised. |
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below. |
Making judgement based on historical experience on the level of provision required for impairment of inventories and bad debts. Further information received after the statement of financial position date may impact on the level of provision required. |
Revenue |
Revenue comprises the aggregate of the fair value of the sale of goods, net of value added tax, rebates and discounts. Sales of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collection of the related receivables is anticipated. |
Financial instruments |
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, forward foreign currency contracts, loans from banks and other third parties and loans to related parties. |
Basic financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
SALON AND SISTERS LTD (REGISTERED NUMBER: 14042736) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12 APRIL 2022 TO 29 JUNE 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |