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L1 STYLES DST LTD
Registered Number:10936811
For the year ended 31 August 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 August 2023
L1 STYLES DST LTD
Contents Page
Company Information
1
2
Directors' Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the year ended 31 August 2023
L1 STYLES DST LTD
Company Information
Mr Ergin Urus
Directors
Mr Sahin Kocoglu
Mr Ozgur Soylu
Company Secretary
Miss Sibel Soylu
10936811
Registered Number
15 RICHMOND STREET
Registered Office
LIVERPOOL
MERSEYSIDE
L1 1EE
MASRI & CO ACCOUNTANTS
Accountants
3RD FLOOR
5 RAINFORD SQUARE
LIVERPOOL
MERSEYSIDE
L2 6PX
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4
For the year ended 31 August 2023
L1 STYLES DST LTD
Directors' Report
The directors present their report and financial statements for the year ended 31 August 2023.
Principal activities
The principal activity of the company continued to be that of a Barber Shop.
Directors
The directors who served the company throughout the year were as follows:
Mr Ergin Urus
Mr Sahin Kocoglu
Mr Ergin Urus
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
18 April 2024
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5
For the year ended 31 August 2023
L1 STYLES DST LTD
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 31 August 2023 and you consider that the company is exempt from an audit under the Companies
Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to
assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations
supplied to us.
MASRI & CO ACCOUNTANTS
3RD FLOOR
5 RAINFORD SQUARE
LIVERPOOL
MERSEYSIDE
L2 6PX
Date:
26 April 2024
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6
For the year ended 31 August 2023
L1 STYLES DST LTD
Income Statement
2022
£
2023
£
Turnover
101,703
118,883
(3,533)
Cost of sales
(2,640)
115,350
Gross profit
99,063
Administrative expenses
(94,795)
(108,280)
Other operating income
-
1,816
Operating profit
4,268
8,886
4,268
8,886
Profit before taxation
(859)
(1,736)
Taxation
3,409
Profit for the financial year
7,150
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7
Registered Number :
10936811
As at 31 August 2023
L1 STYLES DST LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
9,696
10,490
2
9,696
10,490
Current assets
Trade and other receivables
451
-
3
11,693
Cash and cash equivalents
7,708
7,708
12,144
Trade and other payables: amounts falling due within one
year
27,141
35,780
4
39,285
43,488
Net current assets
Total assets less current liabilities
53,184
49,775
53,184
Net assets
49,775
Capital and reserves
Retained earnings
53,184
49,775
53,184
49,775
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Ergin Urus
These financial statements were approved and authorised for issue by the Board on 18 April 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2023
L1 STYLES DST LTD
Notes to the Financial Statements
Statutory Information
L1 STYLES DST LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10936811.
Registered address:
15 RICHMOND STREET
LIVERPOOL
MERSEYSIDE
L1 1EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 September 2022
18,318
6,154
12,164
689
-
689
Additions
At 31 August 2023
12,853
6,154
19,007
Provision for depreciation and impairment
At 01 September 2022
7,828
2,260
5,568
Charge for year
1,483
390
1,093
At 31 August 2023
9,311
2,650
6,661
At 31 August 2023
Net book value
6,192
3,504
9,696
At 31 August 2022
6,596
3,894
10,490
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
451
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9
For the year ended 31 August 2023
L1 STYLES DST LTD
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
(12,850)
(3,450)
Trade creditors
871
-
Taxation and social security
6,935
5,532
Other creditors
(30,736)
(29,223)
(35,780)
(27,141)
5. Average number of persons employed
During the year the average number of employees was 0
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