1 November 2022 false No description of principal activity Taxfiler 2024.1 11030171business:PrivateLimitedCompanyLtd2022-11-012023-10-31 110301712022-10-31 110301712022-11-012023-10-31 11030171business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 11030171business:FilletedAccounts2022-11-012023-10-31 110301712023-10-31 11030171business:Director12022-11-012023-10-31 11030171business:RegisteredOffice2022-11-012023-10-31 110301712022-10-31 11030171core:WithinOneYear2023-10-31 11030171core:WithinOneYear2022-10-31 11030171core:AfterOneYear2023-10-31 11030171core:AfterOneYear2022-10-31 11030171core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11030171core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11030171core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-10-31 11030171core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-10-31 11030171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11030171core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11030171core:PreviouslyStatedAmount2023-10-31 11030171core:PreviouslyStatedAmount2022-10-31 11030171business:SmallEntities2022-11-012023-10-31 11030171countries:EnglandWales2022-11-012023-10-31 11030171core:FurnitureFittings2022-11-012023-10-31 11030171core:ComputerEquipment2022-11-012023-10-31 11030171core:FurnitureFittings2022-10-31 11030171core:FurnitureFittings2023-10-31 110301712021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11030171 (England and Wales)
Olivias Hair Salon Ltd Unaudited accounts for the year ended 31 October 2023
Olivias Hair Salon Ltd Unaudited accounts Contents
Page
- 2 -
Olivias Hair Salon Ltd Company Information for the year ended 31 October 2023
Director
Olivia Brandon
Company Number
11030171 (England and Wales)
Registered Office
Riverhouse High Street Eynsford Kent DA4 0AA
Accountants
Track Accountancy Ltd 2 New rents Upper floors Ashford Kent TN23 1JH
- 3 -
Olivias Hair Salon Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,380 
15,748 
Current assets
Inventories
5,279 
9,255 
Debtors
- 
8,605 
Cash at bank and in hand
43,621 
(22,362)
48,900 
(4,502)
Creditors: amounts falling due within one year
(26,373)
(6,687)
Net current assets/(liabilities)
22,527 
(11,189)
Total assets less current liabilities
30,907 
4,559 
Creditors: amounts falling due after more than one year
(29,791)
(32,729)
Net assets/(liabilities)
1,116 
(28,170)
Capital and reserves
Called up share capital
1 
1 
Capital redemption reserve
(28,171)
11,918 
Profit and loss account
29,286 
(40,089)
Shareholders' funds
1,116 
(28,170)
For the year ending 31 October 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 28 March 2024 and were signed on its behalf by
Olivia Brandon Director Company Registration No. 11030171
- 4 -
Olivias Hair Salon Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Olivias Hair Salon Ltd is a private company, limited by shares, registered in England and Wales, registration number 11030171. The registered office is Riverhouse, High Street, Eynsford, Kent, DA4 0AA.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2022
29,470 
At 31 October 2023
29,470 
Depreciation
At 1 November 2022
13,722 
Charge for the year
7,368 
At 31 October 2023
21,090 
Net book value
At 31 October 2023
8,380 
At 31 October 2022
15,748 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,565 
Other debtors
- 
6,040 
- 
8,605 
- 5 -
Olivias Hair Salon Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,342 
- 
Trade creditors
9,768 
2,517 
Other creditors
993 
- 
Loans from directors
8,270 
4,170 
26,373 
6,687 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,791 
21,729 
Other creditors
11,000 
11,000 
29,791 
32,729 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 6 -