Company registration number 09719378 (England and Wales)
STACEY DEXTER HAIRDRESSING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
STACEY DEXTER HAIRDRESSING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STACEY DEXTER HAIRDRESSING LTD
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,102
8,622
Current assets
Stocks
3,000
3,000
Debtors
4
29,288
24,950
Cash at bank and in hand
11,460
13,791
43,748
41,741
Creditors: amounts falling due within one year
5
(30,034)
(27,365)
Net current assets
13,714
14,376
Total assets less current liabilities
19,816
22,998
Creditors: amounts falling due after more than one year
6
(7,725)
(11,737)
Net assets
12,091
11,261
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
12,090
11,260
Total equity
12,091
11,261
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 11 February 2024
Ms S Dexter
Director
Company registration number 09719378 (England and Wales)
STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
Stacey Dexter Hairdressing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1E Duffield Road, DERBY, DE1 3BB. The company registration number is 09719378.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.6
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022
15,867
Additions
929
Disposals
(3,643)
At 31 August 2023
13,153
Depreciation and impairment
At 1 September 2022
7,245
Depreciation charged in the year
1,076
Eliminated in respect of disposals
(1,270)
At 31 August 2023
7,051
Carrying amount
At 31 August 2023
6,102
At 31 August 2022
8,622
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
29,288
24,950
STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
3,915
3,818
Trade creditors
2,639
3,305
Corporation tax
17,417
12,802
Other taxation and social security
4,257
5,674
Other creditors
1,806
1,766
30,034
27,365
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,725
11,737
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
2.00
24,686
65,950
943
(62,554)
29,025
24,686
65,950
943
(62,554)
29,025