Company Registration No. 09895948 (England and Wales)
G & E Hair on North Street Ltd
Unaudited accounts
for the year ended 31 December 2023
G & E Hair on North Street Ltd
Unaudited accounts
Contents
G & E Hair on North Street Ltd
Company Information
for the year ended 31 December 2023
Directors
Georgina Drew
Ellie Louise Harris
Company Number
09895948 (England and Wales)
Registered Office
49 North Street
Chichester
PO19 1NF
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
G & E Hair on North Street Ltd
Accountants' report
Accountants' report to the board of directors of G & E Hair on North Street Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
G & E Hair on North Street Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of G & E Hair on North Street Ltd , as a body, in accordance with the terms of our engagement letter dated 31 December 2023. Our work has been undertaken solely to prepare for your approval the accounts of G & E Hair on North Street Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G & E Hair on North Street Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that G & E Hair on North Street Ltd 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 G & E Hair on North Street Ltd . You consider that G & E Hair on North Street Ltd 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 G & E Hair on North Street Ltd . 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.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
31 December 2023
G & E Hair on North Street Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
6,589
8,752
Cash at bank and in hand
11,617
11,837
Creditors: amounts falling due within one year
(8,222)
(7,825)
Net current assets
3,395
4,012
Called up share capital
100
100
Profit and loss account
9,884
12,664
Shareholders' funds
9,984
12,764
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 31 December 2023 and were signed on its behalf by
Ellie Louise Harris
Director
Company Registration No. 09895948
G & E Hair on North Street Ltd
Notes to the Accounts
for the year ended 31 December 2023
G & E Hair on North Street Ltd is a private company, limited by shares, registered in England and Wales, registration number 09895948. The registered office is 49 North Street, Chichester, PO19 1NF, 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.
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.
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
20% reducing balance
Fixtures & fittings
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
711
15,001
15,712
At 31 December 2023
711
15,001
15,712
At 1 January 2023
216
6,744
6,960
Charge for the year
99
2,064
2,163
At 31 December 2023
315
8,808
9,123
At 31 December 2023
396
6,193
6,589
At 31 December 2022
495
8,257
8,752
G & E Hair on North Street Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
524
4,315
Taxes and social security
4,427
2,303
Loans from directors
1,293
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
(11,433)
(10,140)
(1,293)
-
(11,433)
(10,140)
(1,293)
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).