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Company Registration No. 09426659 (England and Wales)
KOLAINE'S BEAUTY LOUNGE LTD Unaudited accounts for the year ended 31 December 2023
KOLAINE'S BEAUTY LOUNGE LTD Unaudited accounts Contents
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KOLAINE'S BEAUTY LOUNGE LTD Company Information for the year ended 31 December 2023
Director
Kolaine Farr
Company Number
09426659 (England and Wales)
Registered Office
207 ROCKINGHAM ROAD KETTERING NORTHAMPTONSHIRE NN16 9JA ENGLAND
Accountants
Nineteen Accountants Limited 207 Rockingham Road Kettering United Kingdom NN16 9JA
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KOLAINE'S BEAUTY LOUNGE LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,652 
44,003 
Current assets
Debtors
22,477 
15,225 
Cash at bank and in hand
6,834 
20,565 
29,311 
35,790 
Creditors: amounts falling due within one year
(5,040)
(15,617)
Net current assets
24,271 
20,173 
Total assets less current liabilities
84,923 
64,176 
Creditors: amounts falling due after more than one year
(84,905)
(63,883)
Net assets
18 
293 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(82)
193 
Shareholders' funds
18 
293 
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 director acknowledges her 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 and authorised for issue on 10 April 2024 and were signed on its behalf by
Kolaine Farr Director Company Registration No. 09426659
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KOLAINE'S BEAUTY LOUNGE LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KOLAINE'S BEAUTY LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 09426659. The registered office is 207 ROCKINGHAM ROAD, KETTERING, NORTHAMPTONSHIRE, NN16 9JA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
18,277 
46,700 
64,977 
Additions
34,000 
- 
34,000 
At 31 December 2023
52,277 
46,700 
98,977 
Depreciation
At 1 January 2023
9,299 
11,675 
20,974 
Charge for the year
8,595 
8,756 
17,351 
At 31 December 2023
17,894 
20,431 
38,325 
Net book value
At 31 December 2023
34,383 
26,269 
60,652 
At 31 December 2022
8,978 
35,025 
44,003 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
22,477 
15,225 
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KOLAINE'S BEAUTY LOUNGE LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,811 
12,192 
Taxes and social security
229 
3,425 
5,040 
15,617 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,924 
17,183 
Obligations under finance leases and hire purchase contracts
71,981 
46,700 
84,905 
63,883 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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