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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
Page
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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
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Deep Hair & Beauty Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,070 
62,604 
Current assets
Inventories
925 
925 
Debtors
79 
- 
Cash at bank and in hand
14,616 
31,853 
15,620 
32,778 
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
Deferred tax
(1,913)
- 
Net assets
29,379 
34,541 
Capital and reserves
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
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Deep Hair & Beauty Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Leased assets
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.
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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 
Additions
- 
6,845 
- 
6,845 
At 31 December 2023
60,001 
25,411 
919 
86,331 
Depreciation
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 
Net book value
At 31 December 2023
57,001 
9,403 
666 
67,070 
At 31 December 2022
57,601 
4,220 
783 
62,604 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
79 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,555 
3,600 
VAT
14,115 
1,927 
Taxes and social security
7,339 
9,126 
Other creditors
2,483 
5,525 
Loans from directors
12,256 
21,592 
Accruals
550 
1,477 
46,298 
43,247 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,100 
17,594 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,913 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
1,913 
- 
Provision at end of year
1,913 
- 
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Deep Hair & Beauty Limited Notes to the Accounts for the year ended 31 December 2023
9
Share capital
2023 
2022 
£ 
£ 
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).
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