Super Natural Hair and Beauty Ltd 09584518 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is that of the provision of hairdressing and beauty services Digita Accounts Production Advanced 6.30.9574.0 true true 09584518 2022-09-01 2023-08-31 09584518 2023-08-31 09584518 bus:OrdinaryShareClass1 2023-08-31 09584518 core:CurrentFinancialInstruments 2023-08-31 09584518 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09584518 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09584518 core:FurnitureFittingsToolsEquipment 2023-08-31 09584518 core:OtherPropertyPlantEquipment 2023-08-31 09584518 bus:SmallEntities 2022-09-01 2023-08-31 09584518 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09584518 bus:FullAccounts 2022-09-01 2023-08-31 09584518 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09584518 bus:Director1 2022-09-01 2023-08-31 09584518 bus:Director2 2022-09-01 2023-08-31 09584518 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 09584518 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09584518 core:FurnitureFittings 2022-09-01 2023-08-31 09584518 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09584518 core:MotorVehicles 2022-09-01 2023-08-31 09584518 core:OtherPropertyPlantEquipment 2022-09-01 2023-08-31 09584518 core:PlantMachinery 2022-09-01 2023-08-31 09584518 countries:EnglandWales 2022-09-01 2023-08-31 09584518 2022-08-31 09584518 core:FurnitureFittingsToolsEquipment 2022-08-31 09584518 core:OtherPropertyPlantEquipment 2022-08-31 09584518 2021-09-01 2022-08-31 09584518 2022-08-31 09584518 bus:OrdinaryShareClass1 2022-08-31 09584518 core:CurrentFinancialInstruments 2022-08-31 09584518 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09584518 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09584518 core:FurnitureFittingsToolsEquipment 2022-08-31 09584518 core:OtherPropertyPlantEquipment 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09584518

Super Natural Hair and Beauty Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Super Natural Hair and Beauty Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Super Natural Hair and Beauty Ltd

(Registration number: 09584518)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

33,467

39,372

Current assets

 

Stocks

4

18,446

17,821

Debtors

5

11,077

11,077

Cash at bank and in hand

 

64,546

79,115

 

94,069

108,013

Creditors: Amounts falling due within one year

6

(105,680)

(103,237)

Net current (liabilities)/assets

 

(11,611)

4,776

Total assets less current liabilities

 

21,856

44,148

Creditors: Amounts falling due after more than one year

6

(18,931)

(28,459)

Net assets

 

2,925

15,689

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2,825

15,589

Shareholders' funds

 

2,925

15,689

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 February 2024 and signed on its behalf by:
 

.........................................
Manveer Jandu
Director

.........................................
Theodore Nicholas Bambacas
Director

 
     
 

Super Natural Hair and Beauty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

10% reducing balance

 

Super Natural Hair and Beauty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Super Natural Hair and Beauty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2022

68,099

18,163

86,262

At 31 August 2023

68,099

18,163

86,262

Depreciation

At 1 September 2022

34,936

11,954

46,890

Charge for the year

4,974

931

5,905

At 31 August 2023

39,910

12,885

52,795

Carrying amount

At 31 August 2023

28,189

5,278

33,467

At 31 August 2022

33,163

6,209

39,372

4

Stocks

2023
£

2022
£

Other inventories

18,446

17,821

5

Debtors

Current

2023
£

2022
£

Prepayments

9,000

9,000

Other debtors

2,077

2,077

 

11,077

11,077

 

Super Natural Hair and Beauty Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9,439

9,439

Trade creditors

 

5,716

-

Taxation and social security

 

27,862

26,114

Accruals and deferred income

 

3,850

3,850

Other creditors

 

58,813

63,834

 

105,680

103,237

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

18,931

28,459

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100