Company Registration No. 07878026 (England and Wales)
Deep Hair & Beauty Limited
Unaudited accounts
for the year ended 31 December 2023
Deep Hair & Beauty Limited
Unaudited accounts
Contents
Deep Hair & Beauty Limited
Company Information
for the year ended 31 December 2023
Director
Deep Shikha Sidhu
Company Number
07878026 (England and Wales)
Registered Office
44 Windermere Road
Wolverhampton
West Midlands
WV6 9DF
England
Accountants
Nelly's Accountants
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Deep Hair & Beauty Limited
Statement of financial position
as at 31 December 2023
Tangible assets
67,070
62,604
Cash at bank and in hand
14,616
31,853
Creditors: amounts falling due within one year
(46,298)
(43,247)
Net current liabilities
(30,678)
(10,469)
Total assets less current liabilities
36,392
52,135
Creditors: amounts falling due after more than one year
(5,100)
(17,594)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
29,279
34,441
Shareholders' funds
29,379
34,541
For the year ending 31 December 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 27 July 2024 and were signed on its behalf by
Deep Shikha Sidhu
Director
Company Registration No. 07878026
Deep Hair & Beauty Limited
Notes to the Accounts
for the year ended 31 December 2023
Deep Hair & Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 07878026. The registered office is 44 Windermere Road, Wolverhampton, West Midlands, WV6 9DF, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
1% straight line
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Deep Hair & Beauty Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
60,001
18,566
919
79,486
At 31 December 2023
60,001
25,411
919
86,331
At 1 January 2023
2,400
14,346
136
16,882
Charge for the year
600
1,662
117
2,379
At 31 December 2023
3,000
16,008
253
19,261
At 31 December 2023
57,001
9,403
666
67,070
At 31 December 2022
57,601
4,220
783
62,604
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,555
3,600
Taxes and social security
7,339
9,126
Other creditors
2,483
5,525
Loans from directors
12,256
21,592
7
Creditors: amounts falling due after more than one year
2023
2022
8
Deferred taxation
2023
2022
Accelerated capital allowances
1,913
-
Charged to the profit and loss account
1,913
-
Provision at end of year
1,913
-
Deep Hair & Beauty Limited
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 4 (2022: 4).