1 July 2022 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP057713582022-07-012023-06-30057713582023-06-30057713582022-06-3005771358core:WithinOneYear2023-06-3005771358core:WithinOneYear2022-06-3005771358core:ShareCapital2023-06-3005771358core:ShareCapital2022-06-3005771358core:RetainedEarningsAccumulatedLosses2023-06-3005771358core:RetainedEarningsAccumulatedLosses2022-06-3005771358bus:Director12022-07-012023-06-3005771358bus:RegisteredOffice2022-07-012023-06-3005771358core:FurnitureFittings2022-07-012023-06-3005771358core:PlantMachinery2022-07-012023-06-3005771358core:LandBuildings2022-07-012023-06-30057713582021-07-012022-06-3005771358core:LandBuildings2023-06-3005771358core:PlantMachinery2023-06-3005771358core:LandBuildings2022-07-0105771358core:PlantMachinery2022-07-01057713582022-07-0105771358core:LandBuildings2022-06-3005771358core:PlantMachinery2022-06-300577135812022-07-012023-06-3005771358countries:EnglandWales2022-07-012023-06-3005771358bus:AuditExemptWithAccountantsReport2022-07-012023-06-3005771358bus:PrivateLimitedCompanyLtd2022-07-012023-06-3005771358bus:SmallEntities2022-07-012023-06-3005771358bus:FullAccounts2022-07-012023-06-30
Company registration number:
05771358
Deanne's Hair Salon Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Ginger Accounts Ltd
AAT
28 Rowanwater, Garstang Road, St Michaels, Preston, Lancashire, PR3 0TD, United Kingdom
Deanne's Hair Salon Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Deanne's Hair Salon Limited
Year ended
30 June 2023
As described on the statement of financial position, the Board of Directors of
Deanne's Hair Salon Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Ginger Accounts Ltd
AAT
28 Rowanwater, Garstang Road
St Michaels
Preston
Lancashire
PR3 0TD
United Kingdom
Date:
7 March 2024
Deanne's Hair Salon Limited
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5
2,454
 
3,432
 
Current assets    
Stocks
1,876
 
2,039
 
Debtors 6
5
  -  
Cash at bank and in hand
3,949
 
3,565
 
5,830
 
5,604
 
Creditors: amounts falling due within one year 7
(9,514
)
(10,923
)
Net current liabilities
(3,684
)
(5,319
)
Total assets less current liabilities (1,230 ) (1,887 )
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(1,231
)
(1,888
)
Shareholders deficit
(1,230
)
(1,887
)
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
7 March 2024
, and are signed on behalf of the board by:
Mrs Deanne Sumner
Director
Company registration number:
05771358
Deanne's Hair Salon Limited
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4 Scot Lane
,
Aspull
,
WIGAN
,
Lancashire
,
WN2 1YX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2021. Details of how FRS 102 has affected the reported financial position and financial performance is given in the transition to FRS 102 note.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% straight line per annum
Plant and machinery
25% straight line per annum
Land and buildings
10% straight line per annum

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
5.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2022
and
30 June 2023
10,111
 
25,312
 
35,423
 
Depreciation      
At
1 July 2022
7,310
 
24,681
 
31,991
 
Charge
560
 
418
 
978
 
At
30 June 2023
7,870
 
25,099
 
32,969
 
Carrying amount      
At
30 June 2023
2,241
 
213
 
2,454
 
At 30 June 2022
2,801
 
631
 
3,432
 

6 Debtors

20232022
££
Other debtors
5
  -  

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
417
 
1,680
 
Other creditors
9,097
 
9,243
 
9,514
 
10,923