Company Registration No. SC482103 (Scotland)
SHM BARBERS LTD
Unaudited accounts
for the year ended 31 July 2023
SHM BARBERS LTD
Unaudited accounts
Contents
SHM BARBERS LTD
Company Information
for the year ended 31 July 2023
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
SHM BARBERS LTD
Statement of financial position
as at 31 July 2023
Tangible assets
21,708
25,539
Cash at bank and in hand
9,225
8,369
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)
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
SHM BARBERS LTD
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2023
11,598
10,110
21,708
At 31 July 2022
13,645
11,894
25,539
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
Taxes and social security
5,305
2,906
Loans from directors
13,211
15,828
6
Creditors: amounts falling due after more than one year
2023
2022
7
Transactions with related parties
During the year ,no dividends ( 2022 £ 0) were paid to the director.
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).