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REGISTERED NUMBER: 12086305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

HG CROWBOROUGH LIMITED

HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

HG CROWBOROUGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: C L Avadis





REGISTERED OFFICE: Hair Gallery
The Broadway
Crowborough
East Sussex
TN6 1DE





REGISTERED NUMBER: 12086305 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 117,600 137,200
Tangible assets 5 8,619 7,941
126,219 145,141

CURRENT ASSETS
Stocks 6 8,000 8,000
Debtors 7 5,845 4,545
Cash at bank and in hand 68,656 71,912
82,501 84,457
CREDITORS
Amounts falling due within one year 8 80,133 169,261
NET CURRENT ASSETS/(LIABILITIES) 2,368 (84,804 )
TOTAL ASSETS LESS CURRENT LIABILITIES 128,587 60,337

PROVISIONS FOR LIABILITIES 1,776 1,509
NET ASSETS 126,811 58,828

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,711 58,728
126,811 58,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)

BALANCE SHEET - continued
31 JULY 2023


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 20 April 2024 and were signed by:





C L Avadis - Director


HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

HG Crowborough Limited 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.

The director has made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents the supply of Hairdressing Services. Turnover is realised when these services are completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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.

HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 196,000
AMORTISATION
At 1 August 2022 58,800
Amortisation for year 19,600
At 31 July 2023 78,400
NET BOOK VALUE
At 31 July 2023 117,600
At 31 July 2022 137,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 14,485 2,490 2,208 19,183
Additions 3,500 - - 3,500
At 31 July 2023 17,985 2,490 2,208 22,683
DEPRECIATION
At 1 August 2022 8,354 1,045 1,843 11,242
Charge for year 2,408 217 197 2,822
At 31 July 2023 10,762 1,262 2,040 14,064
NET BOOK VALUE
At 31 July 2023 7,223 1,228 168 8,619
At 31 July 2022 6,131 1,445 365 7,941

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 8,000 8,000

HG CROWBOROUGH LIMITED (REGISTERED NUMBER: 12086305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 5,845 4,545

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 3,820 2,423
Tax 13,807 16,688
Social security and other taxes 759 -
VAT 19,632 18,525
Other creditors 77 79
Directors' current accounts 39,820 129,820
Deferred income 520 103
Accrued expenses 1,698 1,623
80,133 169,261

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 20,000 20,000
Between one and five years 80,000 80,000
In more than five years 20,000 40,000
120,000 140,000

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director Ms C L Avadis £39,820. There are no terms attached to this loan.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HG CROWBOROUGH LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HG Crowborough Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of HG Crowborough Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HG Crowborough Limited and state those matters that we have agreed to state to the director of HG Crowborough Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HG Crowborough Limited and its director for our work or for this report.

It is your duty to ensure that HG Crowborough Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HG Crowborough Limited. You consider that HG Crowborough Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HG Crowborough Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


23 April 2024