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REGISTERED NUMBER: 07143419















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

The Village Hair Limited

The Village Hair Limited (Registered number: 07143419)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Village Hair Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P A Turner
Mrs F J Turner





REGISTERED OFFICE: 15 Upper Green
Tettenhall
Wolverhampton
West Midlands
WV6 8QH





REGISTERED NUMBER: 07143419





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

The Village Hair Limited (Registered number: 07143419)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,600 6,600

CURRENT ASSETS
Stocks 600 500
Cash at bank 1,492 879
2,092 1,379
CREDITORS
Amounts falling due within one year 5 25,142 33,263
NET CURRENT LIABILITIES (23,050 ) (31,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,450

)

(25,284

)

CAPITAL AND RESERVES
Called up share capital 6 4 4
Retained earnings 7 (16,454 ) (25,288 )
SHAREHOLDERS' FUNDS (16,450 ) (25,284 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by:





Mrs F J Turner - Director


The Village Hair Limited (Registered number: 07143419)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

The Village Hair Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

The Village Hair Limited (Registered number: 07143419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 March 2022
and 28 February 2023 6,600
NET BOOK VALUE
At 28 February 2023 6,600
At 28 February 2022 6,600

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,988 13,319
Tax 9,642 14,313
Social security and other taxes 2,023 1,842
Directors' current accounts 1,888 3,189
Accrued expenses 601 600
25,142 33,263

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
4 Ordinary £1 4 4

7. RESERVES
Retained
earnings
£   

At 1 March 2022 (25,288 )
Profit for the year 33,834
Dividends (25,000 )
At 28 February 2023 (16,454 )

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2022 - £30,000) were paid to the directors .