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REGISTERED NUMBER: 11660996 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

VINTAGE ROCK SALONS LTD

VINTAGE ROCK SALONS LTD (REGISTERED NUMBER: 11660996)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VINTAGE ROCK SALONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: Miss C A Mills





REGISTERED OFFICE: The Old Court House
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY





REGISTERED NUMBER: 11660996 (England and Wales)





ACCOUNTANTS: Paul Dawson & Co Limited
The Old Courthouse
26A Church Street
Bishops Stortford
Hertfordshire
CM23 2LY

VINTAGE ROCK SALONS LTD (REGISTERED NUMBER: 11660996)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,875 10,375
Tangible assets 5 14,317 15,040
23,192 25,415

CURRENT ASSETS
Stocks 6 20,512 20,909
Debtors 7 11,565 19,082
Cash at bank 13,747 11,147
45,824 51,138
CREDITORS
Amounts falling due within one year 8 35,437 31,841
NET CURRENT ASSETS 10,387 19,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,579

44,712

CREDITORS
Amounts falling due after more than one
year

9

31,498

36,019
NET ASSETS 2,081 8,693

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 1,980 8,593
2,081 8,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

VINTAGE ROCK SALONS LTD (REGISTERED NUMBER: 11660996)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





Miss C A Mills - Director


VINTAGE ROCK SALONS LTD (REGISTERED NUMBER: 11660996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Vintage Rock Salons Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Short leasehold is being amortised evenly over its estimated useful life of five years.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2021 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 15,000
AMORTISATION
At 1 December 2021 4,625
Charge for year 1,500
At 30 November 2022 6,125
NET BOOK VALUE
At 30 November 2022 8,875
At 30 November 2021 10,375

VINTAGE ROCK SALONS LTD (REGISTERED NUMBER: 11660996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 December 2021 8,570 16,126 3,890 28,586
Additions - 446 898 1,344
At 30 November 2022 8,570 16,572 4,788 29,930
DEPRECIATION
At 1 December 2021 4,285 8,872 389 13,546
Charge for year 857 770 440 2,067
At 30 November 2022 5,142 9,642 829 15,613
NET BOOK VALUE
At 30 November 2022 3,428 6,930 3,959 14,317
At 30 November 2021 4,285 7,254 3,501 15,040

6. STOCKS
2022 2021
£    £   
Stocks 20,512 20,909

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 11,565 19,082

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 12,193 10,052
Trade creditors 10,973 1,318
Taxation and social security 7,935 13,271
Other creditors 4,336 7,200
35,437 31,841

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 31,498 36,019