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Company Registration No. SC482103 (Scotland)
SHM BARBERS LTD Unaudited accounts for the year ended 31 July 2023
SHM BARBERS LTD Unaudited accounts Contents
Page
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SHM BARBERS LTD Company Information for the year ended 31 July 2023
Director
LAURA MARTIN
Company Number
SC482103 (Scotland)
Registered Office
2 VICTORIA PLACE RUTHERGLEN GLASGOW G73 2JP
Accountants
Brand Jamieson & Co Ltd 2 Victoria Place Rutherglen Glasgow G73 2JP
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SHM BARBERS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,708 
25,539 
Current assets
Inventories
3,420 
3,140 
Cash at bank and in hand
9,225 
8,369 
12,645 
11,509 
Creditors: amounts falling due within one year
(34,245)
(35,260)
Net current liabilities
(21,600)
(23,751)
Total assets less current liabilities
108 
1,788 
Creditors: amounts falling due after more than one year
(8,744)
(8,667)
Net liabilities
(8,636)
(6,879)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,736)
(6,979)
Shareholders' funds
(8,636)
(6,879)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2024 and were signed on its behalf by
LAURA MARTIN Director Company Registration No. SC482103
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SHM BARBERS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SHM BARBERS LTD is a private company, limited by shares, registered in Scotland, registration number SC482103. The registered office is 2 VICTORIA PLACE, RUTHERGLEN, GLASGOW, G73 2JP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15% reducing balance.
Fixtures & fittings
15% reducing balance.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
30,669 
33,121 
63,790 
At 31 July 2023
30,669 
33,121 
63,790 
Depreciation
At 1 August 2022
17,024 
21,227 
38,251 
Charge for the year
2,047 
1,784 
3,831 
At 31 July 2023
19,071 
23,011 
42,082 
Net book value
At 31 July 2023
11,598 
10,110 
21,708 
At 31 July 2022
13,645 
11,894 
25,539 
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SHM BARBERS LTD Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,461 
3,000 
VAT
10,795 
7,567 
Taxes and social security
5,305 
2,906 
Other creditors
596 
603 
Loans from directors
13,211 
15,828 
Accruals
2,877 
5,356 
34,245 
35,260 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,744 
8,667 
7
Transactions with related parties
During the year ,no dividends ( 2022 £ 0) were paid to the director.
8
Controlling party
The controlling party is the former director Stephen Hugh Martin.
9
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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