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REGISTERED NUMBER: 11180655 (England and Wales)















EAST KENT HAIR & BEAUTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAST KENT HAIR & BEAUTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: L Davies





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 11180655 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,608 1,634

CURRENT ASSETS
Stocks 5 15,400 16,750
Debtors 6 146 567
Cash at bank and in hand 29,867 33,481
45,413 50,798
CREDITORS
Amounts falling due within one year 7 (13,746 ) (13,732 )
NET CURRENT ASSETS 31,667 37,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,275

38,700

CREDITORS
Amounts falling due after more than one
year

8

(11,140

)

(17,620

)
NET ASSETS 22,135 21,080

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,035 20,980
22,135 21,080

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)

BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





L Davies - Director


EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

East Kent Hair & Beauty Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 February 2023 3,681 - 3,681
Additions - 292 292
At 31 January 2024 3,681 292 3,973
DEPRECIATION
At 1 February 2023 2,047 - 2,047
Charge for year 245 73 318
At 31 January 2024 2,292 73 2,365
NET BOOK VALUE
At 31 January 2024 1,389 219 1,608
At 31 January 2023 1,634 - 1,634

5. STOCKS
2024 2023
£    £   
Stocks 15,400 16,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry debtors 76 -
Prepayments 70 567
146 567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,421 6,421
Trade creditors 1 63
Corporation Tax 3,803 4,100
VAT 2,368 2,674
Sundry creditors 45 -
Directors' current accounts 233 11
Accrued expenses 875 463
13,746 13,732

EAST KENT HAIR & BEAUTY LTD (REGISTERED NUMBER: 11180655)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,421 6,421
Bank loans - 2-5 years 4,719 11,199
11,140 17,620