2023-03-01 2024-02-29 false Capium Accounts Production 1.1 11836840 bus:FullAccounts 2023-03-01 2024-02-29 11836840 bus:FRS102 2023-03-01 2024-02-29 11836840 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11836840 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11836840 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11836840 2023-03-01 2024-02-29 11836840 2024-02-29 11836840 bus:RegisteredOffice 2023-03-01 2024-02-29 11836840 core:WithinOneYear 2024-02-29 11836840 core:AfterOneYear 2024-02-29 11836840 bus:Director1 2023-03-01 2024-02-29 11836840 bus:Director1 2024-02-29 11836840 bus:Director1 2022-03-01 2023-02-28 11836840 bus:Director2 2023-03-01 2024-02-29 11836840 bus:Director2 2024-02-29 11836840 bus:Director2 2022-03-01 2023-02-28 11836840 2022-03-01 11836840 bus:CompanySecretary1 2023-03-01 2024-02-29 11836840 bus:LeadAgentIfApplicable 2023-03-01 2024-02-29 11836840 2022-03-01 2023-02-28 11836840 2023-02-28 11836840 core:WithinOneYear 2023-02-28 11836840 core:AfterOneYear 2023-02-28 11836840 bus:EntityAccountantsOrAuditors 2022-03-01 2023-02-28 11836840 core:PlantMachinery 2023-03-01 2024-02-29 11836840 core:PlantMachinery 2024-02-29 11836840 core:PlantMachinery 2023-02-28 11836840 core:FurnitureFittings 2023-03-01 2024-02-29 11836840 core:FurnitureFittings 2024-02-29 11836840 core:FurnitureFittings 2023-02-28 11836840 core:ComputerEquipment 2023-03-01 2024-02-29 11836840 core:ComputerEquipment 2024-02-29 11836840 core:ComputerEquipment 2023-02-28 11836840 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 11836840 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 11836840 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 11836840 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11836840 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-02-29 11836840 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 11836840 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-02-29 11836840 core:Non-currentFinancialInstruments 2024-02-29 11836840 core:Non-currentFinancialInstruments 2023-02-28 11836840 core:ShareCapital 2024-02-29 11836840 core:ShareCapital 2023-02-28 11836840 core:RetainedEarningsAccumulatedLosses 2024-02-29 11836840 core:RetainedEarningsAccumulatedLosses 2023-02-28 11836840 core:ShareCapitalOrdinaryShares 2023-03-01 11836840 core:ShareCapitalOrdinaryShares 2022-03-01 11836840 core:ShareCapitalOrdinaryShares 2023-03-01 2024-02-29 11836840 core:ShareCapitalOrdinaryShares 2022-03-01 2023-02-28 11836840 core:ShareCapitalOrdinaryShares 2024-02-29 11836840 core:ShareCapitalOrdinaryShares 2023-02-28 11836840 core:RetainedEarningsAccumulatedLosses 2023-03-01 11836840 core:RetainedEarningsAccumulatedLosses 2022-03-01 11836840 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 11836840 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 11836840 core:RetainedEarningsAccumulatedLosses 2024-02-29 11836840 core:RetainedEarningsAccumulatedLosses 2023-02-28 11836840 dpl:Item1 2023-03-01 11836840 dpl:Item1 2024-02-29 11836840 dpl:Item1 2022-03-01 11836840 dpl:Item1 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11836840


 

 

 

PREMIUM HAIR PLUS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Directors ONYEBUCHI Angela Nkolika
ONYEBUCHI Henry Nnamdi
Registered Number 11836840
Registered Office 54 Commercial Road,
Southampton, Hampshire, England, SO15 1GD
SOUTHAMPTON
HAMPSHIRE
SO16 3EH
Accountants JOSBEN ACCOUNTANCY LIMITED
30
BONCHURCH CLOSE
SOUTHAMPTON
SO16 3EH
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 29 February 2024.
Principal activities
Principal activity of the company during the financial year was of Hairdressing and other beauty treatment
Directors
The directors who served the company throughout the year were as follows:
ONYEBUCHI Angela Nkolika
ONYEBUCHI Henry Nnamdi
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
ONYEBUCHI Angela Nkolika
Director

Date approved: 10 April 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
JOSBEN ACCOUNTANCY LIMITED
29 February 2024



....................................................
JOSBEN ACCOUNTANCY LIMITED
30
BONCHURCH CLOSE
SOUTHAMPTON
SO16 3EH
10 April 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 11,465    13,982 
11,465    13,982 
Current assets      
Debtors 4 6,000    6,000 
Cash at bank and in hand 1,911    2,376 
7,911    8,376 
Creditors: amount falling due within one year 5 (11,854)   (13,504)
Net current assets (3,943)   (5,128)
 
Total assets less current liabilities 7,522    8,854 
Creditors: amount falling due after more than one year 6 (12,823)   (22,584)
Net assets (5,301)   (13,730)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (5,303)   (13,732)
Shareholder's funds (5,301)   (13,730)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 10 April 2024 and were signed on its behalf by:


-------------------------------
ONYEBUCHI Angela Nkolika
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2022 2  (20,497) (20,495)
Profit for the year 6,765  6,765 
Total comprehensive income for the year 6,765  6,765 
Total investments by and distributions to owners
At 28 February 2023 2  (13,732) (13,730)
At 01 March 2023 2  (13,732) (13,730)
Profit for the year 8,429  8,429 
Total comprehensive income for the year 8,429  8,429 
Total investments by and distributions to owners
At 29 February 2024 2  (5,303) (5,301)
5
General Information
PREMIUM HAIR PLUS LTD is a private company, limited by shares, registered in , registration number 11836840, registration address 54 Commercial Road, , Southampton, Hampshire, England, SO15 1GD, SOUTHAMPTON, HAMPSHIRE, SO16 3EH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Computer Equipment 18% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 13,020    5,775    2,000    20,795 
Additions      
Disposals      
At 29 February 2024 13,020    5,775    2,000    20,795 
Depreciation
At 01 March 2023 4,266    1,892    655    6,813 
Charge for year 1,576    699    242    2,517 
On disposals      
At 29 February 2024 5,842    2,591    897    9,330 
Net book values
Closing balance as at 29 February 2024 7,178    3,184    1,103    11,465 
Opening balance as at 01 March 2023 8,754    3,883    1,345    13,982 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Deposits paid 6,000    6,000 
6,000    6,000 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors 500    700 
Directors' Current Accounts 11,354    12,804 
11,854    13,504 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 12,823    22,584 
12,823    22,584 

6