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Registered number: 5174529
Rogers Barber Shops Limited
Financial Statements
For The Year Ended 31 July 2023
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5174529
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,824 16,804
Tangible Assets 5 48,329 52,940
59,153 69,744
CURRENT ASSETS
Stocks 12,250 11,150
Debtors 6 2,925 2,614
Cash at bank and in hand 14,392 24,247
29,567 38,011
Creditors: Amounts Falling Due Within One Year 7 (42,015 ) (39,489 )
NET CURRENT ASSETS (LIABILITIES) (12,448 ) (1,478 )
TOTAL ASSETS LESS CURRENT LIABILITIES 46,705 68,266
Creditors: Amounts Falling Due After More Than One Year 8 (20,959 ) (30,002 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,809 ) (9,603 )
NET ASSETS 16,937 28,661
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 16,837 28,561
SHAREHOLDERS' FUNDS 16,937 28,661
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Machin
Director
11/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rogers Barber Shops Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5174529 . The registered office is Alexandra House, 74 Moorland Road, Stoke-on-Trent, Staffs, ST6 1DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents monies received for the provision of goods and services by the company, net of value added tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.5. Taxation
The corporation tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit before taxation as reported in the profit and loss account because of adjustments made for capital allowances and dissallowable items of expenditure. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax is measured at the tax rates that are expected to apply in the period in which the assets are realised. Deferred tax liabilities are presented within provisions for liabilities.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 26)
23 26
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 119,598
As at 31 July 2023 119,598
Amortisation
As at 1 August 2022 102,794
Provided during the period 5,980
As at 31 July 2023 108,774
Net Book Value
As at 31 July 2023 10,824
As at 1 August 2022 16,804
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2022 1,600 107,770 109,370
Additions - 909 909
As at 31 July 2023 1,600 108,679 110,279
Depreciation
As at 1 August 2022 700 55,730 56,430
Provided during the period 225 5,295 5,520
As at 31 July 2023 925 61,025 61,950
Net Book Value
As at 31 July 2023 675 47,654 48,329
As at 1 August 2022 900 52,040 52,940
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,500 1,600
Other debtors 425 1,014
2,925 2,614
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,537 6,429
Bank loans and overdrafts 9,023 9,024
Corporation tax 4,739 127
Other taxes and social security 6,454 6,616
VAT 13,274 10,669
Accruals and deferred income 5,350 5,200
Directors' loan accounts 638 1,424
42,015 39,489
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,959 30,002
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Peter Machin by virtue of his ownership of 51% of the issued share capital in the company.
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