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REGISTERED NUMBER: SC217962 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

THE BARBERS POLE LIMITED

THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BARBERS POLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: G J Forrester
Mrs I Mair
D Penny





REGISTERED OFFICE: 7 Devanha Crescent
Aberdeen
AB11 7WB





REGISTERED NUMBER: SC217962 (Scotland)

THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 67,070 52,855

CURRENT ASSETS
Debtors 6 12,368 84,811
Cash at bank and in hand 74,114 84,678
86,482 169,489
CREDITORS
Amounts falling due within one year 7 93,528 102,189
NET CURRENT (LIABILITIES)/ASSETS (7,046 ) 67,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,024

120,155

CREDITORS
Amounts falling due after more than one
year

8

(22,783

)

(31,523

)

PROVISIONS FOR LIABILITIES (6,878 ) (3,838 )
NET ASSETS 30,363 84,794

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 30,262 84,693
SHAREHOLDERS' FUNDS 30,363 84,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

BALANCE SHEET - continued
30 JUNE 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:




G J Forrester - Director



D Penny - Director


THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

The Barbers Pole Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 4% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 207,105
Additions 23,202
Disposals (14,667 )
At 30 June 2023 215,640
DEPRECIATION
At 1 July 2022 154,250
Charge for year 6,289
Eliminated on disposal (11,969 )
At 30 June 2023 148,570
NET BOOK VALUE
At 30 June 2023 67,070
At 30 June 2022 52,855

THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 3,313 73,313
Other debtors 9,055 11,498
12,368 84,811

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,700 9,000
Trade creditors 2,020 867
Amounts owed to group undertakings 46,100 46,100
Taxation and social security 23,270 33,495
Other creditors 12,438 12,727
93,528 102,189

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,037 31,523
Other creditors 1,746 -
22,783 31,523

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 724 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 42,000 50,900
Between one and five years 55,417 76,067
In more than five years 141,000 -
238,417 126,967

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 30,737 40,523

THE BARBERS POLE LIMITED (REGISTERED NUMBER: SC217962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous year by DPGF Limited, a company registered in Scotland, by virtue of the fact that it owns the majority of the company's Ordinary share capital.

There is no ultimate controlling party.