7 EMPIRES BARBER SHOP LTD

Company Registration Number:
11621703 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

7 EMPIRES BARBER SHOP LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

7 EMPIRES BARBER SHOP LTD

Company Information

for the Period Ended 31 October 2023




Director: Ahmad Awad
Samain Khelifi Athmane
Registered office: 3-5
Mackenzie Street
Slough
Berkshire
GBR
SL1 1XQ
Company Registration Number: 11621703 (England and Wales)

7 EMPIRES BARBER SHOP LTD

Directors' Report Period Ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal Activities

The company's principal activity during the period was providing hair styling and beauty services.

Political and charitable donations

N/A

Company policy on the employment of disabled persons

N/A

Additional information

N/A

Directors

The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
Ahmad Awad
Samain Khelifi Athmane

This report was approved by the board of directors on 11 February 2024
And Signed On Behalf Of The Board By:

Name: Ahmad Awad
Status: Director

Name: Samain Khelifi Athmane
Status: Director

7 EMPIRES BARBER SHOP LTD

Profit and Loss Account

for the Period Ended 31 October 2023


Notes

2023
£

2022
£
Turnover 76,514 72,287
Cost of sales ( 973 ) ( 258 )
Gross Profit or (Loss) 75,541 81,029
Income from coronavirus (COVID-19) business support grants 0 9,000
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 72,555 ) ( 78,378 )
Operating Profit or (Loss) 2,986 2,651
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 2,986 2,651
Tax on Profit ( 567 ) ( 503 )
Profit or (Loss) for Period 2,419 2,148

The notes form part of these financial statements

7 EMPIRES BARBER SHOP LTD

Balance sheet

As at 31 October 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 5,444 9,969
Total fixed assets: 5,444 9,969
Current assets
Stocks: 0 136
Debtors: 6 6,000 3,500
Cash at bank and in hand: 1,035 3,803
Total current assets: 7,035 7,439
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 1,753 ) ( 2,234 )
Net current assets (liabilities): 5,282 5,205
Total assets less current liabilities: 10,726 15,174
Creditors: amounts falling due after more than one year: 8 ( 0 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 10,726 15,174

The notes form part of these financial statements

7 EMPIRES BARBER SHOP LTD

Balance sheet continued

As at 31 October 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 0 0
Profit and loss account: 10,725 15,173
Shareholders funds: 10,726 15,174

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 11 February 2024
And Signed On Behalf Of The Board By:

Name: Ahmad Awad
Status: Director

Name: Samain Khelifi Athmane
Status: Director

The notes form part of these financial statements

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 3

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 3. Off balance sheet disclosure

    No

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Intangible assets

Other Total
Cost £ £
At 01 November 2022 - -
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 October 2023 - -
Amortisation
Amortisation at 01 November 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 October 2023 - -
Net book value
Net book value at 31 October 2023 - -
Net book value at 31 October 2022 - -

Tangible fixed assets are states at cost; Depreciation is calculated so as to write off the historical cost of fixed assets over their expected useful economic lives.

The following rates have been applied:
Fixture 20% on straight line
Office Equipment 20% on straight line

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2022 22,990 22,990
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 October 2023 22,990 22,990
Depreciation
At 01 November 2022 13,021 13,021
Charge for year 4,525 4,525
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 October 2023 17,546 17,546
Net book value
At 31 October 2023 5,444 5,444
At 31 October 2022 9,969 9,969

Tangible fixed assets are states at cost; Depreciation is calculated so as to write off the historical cost of fixed assets over their expected useful economic lives.

The following rates have been applied:
Fixture 20% on straight line
Office Equipment 20% on straight line

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors


2023
£

2022
£
Trade debtors 6,000 3,500
Prepayments and accrued income 0 0
Other debtors 0 0
Total 6,000 3,500
Debtors due after more than one year: 0 0

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 1,753 2,234
Other creditors 0 0
Total 1,753 2,234

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 0
Total 0 0

N/A

7 EMPIRES BARBER SHOP LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

9. Revaluation reserve


2023
£
Balance at 01 November 2022 0
Surplus or deficit after revaluation 0
Balance at 31 October 2023 0