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REGISTERED NUMBER: 08261683 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

B.O.B Salons Ltd

B.O.B Salons Ltd (Registered number: 08261683)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


B.O.B Salons Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M Gillham
C Faulkner





REGISTERED OFFICE: 16 Westbrooke Gardens
Bracknell
Berkshire
RG12 2JD





REGISTERED NUMBER: 08261683 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

B.O.B Salons Ltd (Registered number: 08261683)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,629 1,455

CURRENT ASSETS
Stocks 10,794 11,545
Debtors 5 14,383 21,024
Cash at bank and in hand 27,923 68,331
53,100 100,900
CREDITORS
Amounts falling due within one year 6 31,535 49,474
NET CURRENT ASSETS 21,565 51,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,194

52,881

CREDITORS
Amounts falling due after more than one
year

7

16,667

26,667
NET ASSETS 11,527 26,214

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,427 26,114
11,527 26,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

B.O.B Salons Ltd (Registered number: 08261683)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





C Faulkner - Director


B.O.B Salons Ltd (Registered number: 08261683)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

B.O.B 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.

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 etc - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2022 - 7 ) .

B.O.B Salons Ltd (Registered number: 08261683)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 4,898
Additions 5,834
At 31 October 2023 10,732
DEPRECIATION
At 1 November 2022 3,443
Charge for year 660
At 31 October 2023 4,103
NET BOOK VALUE
At 31 October 2023 6,629
At 31 October 2022 1,455

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 14,383 21,024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,395 5,714
Taxation and social security 7,978 19,082
Other creditors 8,162 14,678
31,535 49,474

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 26,667

B.O.B Salons Ltd (Registered number: 08261683)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
C Faulkner
Balance outstanding at start of year 12,576 5,930
Amounts advanced 23,886 51,176
Amounts repaid (29,547 ) (44,530 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,915 12,576