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REGISTERED NUMBER: 05735346 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

STYLE STUDIO (ROWLANDS CASTLE) LIMITED

STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STYLE STUDIO (ROWLANDS CASTLE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs F M Perrott





SECRETARY: Mr G J Perrott





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 3 Links Lane
Rowlands Castle
Hampshire
PO9 6AD





REGISTERED NUMBER: 05735346 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 230 460
Tangible assets 5 1,491 1,156
1,721 1,616

CURRENT ASSETS
Stocks 1,850 1,500
Debtors 6 1,784 673
Cash at bank and in hand 17,191 31,056
20,825 33,229
CREDITORS
Amounts falling due within one year 7 10,621 14,448
NET CURRENT ASSETS 10,204 18,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,925

20,397

PROVISIONS FOR LIABILITIES 283 220
NET ASSETS 11,642 20,177

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,641 20,176
SHAREHOLDERS' FUNDS 11,642 20,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 April 2024 and were signed by:





Mrs F M Perrott - Director


STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Style Studio (Rowlands Castle) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover represents amounts receivable for services rendered and products sold net of V.A.T.

Goodwill
Goodwill is being amortised evenly over ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the remainder of the lease
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 2,300
AMORTISATION
At 1 March 2023 1,840
Charge for year 230
At 29 February 2024 2,070
NET BOOK VALUE
At 29 February 2024 230
At 28 February 2023 460

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 March 2023 4,573 14,403 18,976
Additions - 614 614
Disposals - (250 ) (250 )
At 29 February 2024 4,573 14,767 19,340
DEPRECIATION
At 1 March 2023 4,573 13,247 17,820
Charge for year - 263 263
Eliminated on disposal - (234 ) (234 )
At 29 February 2024 4,573 13,276 17,849
NET BOOK VALUE
At 29 February 2024 - 1,491 1,491
At 28 February 2023 - 1,156 1,156

STYLE STUDIO (ROWLANDS CASTLE) LIMITED (REGISTERED NUMBER: 05735346)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,784 673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,105 8,106
Other creditors 6,516 6,342
10,621 14,448

8. LEASING AGREEMENTS
At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £55,417 (2023 : £62,417).