Company Registration No. SC231433 (Scotland)
John Brown Hairdressing Limited
Unaudited accounts
for the year ended 31 May 2023
John Brown Hairdressing Limited
Unaudited accounts
Contents
John Brown Hairdressing Limited
Company Information
for the year ended 31 May 2023
Company Number
SC231433 (Scotland)
Registered Office
58 OSWALD STREET
GLASGOW
G1 4PL
SCOTLAND
Accountants
WBG Accounting Services
2 Church Street
Larkhall
ML9 1EU
John Brown Hairdressing Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
2,614
3,448
Creditors: amounts falling due within one year
7,884
9,948
Net current assets
14,023
16,921
Total assets less current liabilities
14,237
17,189
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
14,152
17,104
Shareholders' funds
14,153
17,105
For the year ending 31 May 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 his 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 19 January 2023 and were signed on its behalf by
J Brown
Director
Company Registration No. SC231433
John Brown Hairdressing Limited
Notes to the Accounts
for the year ended 31 May 2023
John Brown Hairdressing Limited is a private company, limited by shares, registered in Scotland, registration number SC231433. The registered office is 58 OSWALD STREET, GLASGOW, G1 4PL, SCOTLAND.
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.
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
20% Reducing Balance
4
Intangible fixed assets
Goodwill
John Brown Hairdressing Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,765
5,144
12,909
At 31 May 2023
7,765
5,144
12,909
At 1 June 2022
7,657
4,984
12,641
Charge for the year
22
32
54
At 31 May 2023
7,679
5,016
12,695
At 31 May 2022
108
160
268
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,315
8,657
Taxes and social security
5,123
12,321
Loans from directors
(19,922)
(31,526)
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).