Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-292023-06-292022-06-30false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07198714 2022-06-30 2023-06-29 07198714 2021-06-30 2022-06-29 07198714 2023-06-29 07198714 2022-06-29 07198714 c:Director1 2022-06-30 2023-06-29 07198714 d:FurnitureFittings 2022-06-30 2023-06-29 07198714 d:FurnitureFittings 2023-06-29 07198714 d:FurnitureFittings 2022-06-29 07198714 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-30 2023-06-29 07198714 d:Goodwill 2022-06-30 2023-06-29 07198714 d:Goodwill 2023-06-29 07198714 d:Goodwill 2022-06-29 07198714 d:CurrentFinancialInstruments 2023-06-29 07198714 d:CurrentFinancialInstruments 2022-06-29 07198714 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-29 07198714 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-29 07198714 d:ShareCapital 2023-06-29 07198714 d:ShareCapital 2022-06-29 07198714 d:RetainedEarningsAccumulatedLosses 2023-06-29 07198714 d:RetainedEarningsAccumulatedLosses 2022-06-29 07198714 c:FRS102 2022-06-30 2023-06-29 07198714 c:AuditExempt-NoAccountantsReport 2022-06-30 2023-06-29 07198714 c:FullAccounts 2022-06-30 2023-06-29 07198714 c:PrivateLimitedCompanyLtd 2022-06-30 2023-06-29 iso4217:GBP xbrli:pure

Registered number: 07198714










OLIVER'S MEN'S HAIRDRESSING LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2023

 
OLIVER'S MEN'S HAIRDRESSING LTD
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 6


 
OLIVER'S MEN'S HAIRDRESSING LTD
REGISTERED NUMBER: 07198714

BALANCE SHEET
AS AT 29 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
142
167

Current assets
  

Stocks
  
1,550
1,250

Debtors: amounts falling due within one year
 6 
1,961
19,833

Cash at bank and in hand
  
22,677
84,535

  
26,188
105,618

Creditors: amounts falling due within one year
 7 
(22,452)
(95,755)

Net current assets
  
 
 
3,736
 
 
9,863

  

Net assets
  
3,878
10,030


Capital and reserves
  

Called up share capital 
  
96
96

Profit and loss account
  
3,782
9,934

  
3,878
10,030


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2024.

D.S. Winnington
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
OLIVER'S MEN'S HAIRDRESSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

1.


General information

Oliver's Men's Hairdressing Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Unit 2, Pavilion Drive, Holford, Birmingham, West Midlands, B6 7BB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Intangible assets - goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 
OLIVER'S MEN'S HAIRDRESSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.. 

 
2.9

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Page 3

 
OLIVER'S MEN'S HAIRDRESSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Intangible assets




Goodwill

£



Cost


At 30 June 2022
64,000



At 29 June 2023

64,000



Amortisation


At 30 June 2022
64,000



At 29 June 2023

64,000



Net book value



At 29 June 2023
-



At 29 June 2022
-



Page 4

 
OLIVER'S MEN'S HAIRDRESSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

5.


Tangible fixed assets





Fixtures & fittings

£



Cost


At 30 June 2022
1,000



At 29 June 2023

1,000



Depreciation


At 30 June 2022
833


Charge for the year on owned assets
25



At 29 June 2023

858



Net book value



At 29 June 2023
142



At 29 June 2022
167


6.


Debtors

2023
2022
£
£


Other debtors
1,865
19,737

Called up share capital not paid
96
96

1,961
19,833


Page 5

 
OLIVER'S MEN'S HAIRDRESSING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
1,303
2,039

Amounts owed to group undertakings
3,000
19,500

Corporation tax
910
-

Other taxation and social security
411
272

Other creditors
14,453
73,944

Accruals and deferred income
2,375
-

22,452
95,755



8.


Ultimate parent undertaking

The company is a wholly-owned subsidiary of Ham, Cheese & Pickle Limited, a company incorporated in England and Wales.

 
Page 6