ALAN EDWARDS HAIRDRESSING LIMITED

Company Registration Number:
SC099524 (Scotland)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

ALAN EDWARDS HAIRDRESSING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

ALAN EDWARDS HAIRDRESSING LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 38,591 43,480
Total fixed assets: 38,591 43,480
Current assets
Stocks: 25,673 19,930
Debtors:   16,240 21,220
Cash at bank and in hand: 140,084 167,233
Total current assets: 181,997 208,383
Creditors: amounts falling due within one year:   (135,280) (131,558)
Net current assets (liabilities): 46,717 76,825
Total assets less current liabilities: 85,308 120,305
Creditors: amounts falling due after more than one year:   (20,961) (30,885)
Total net assets (liabilities): 64,347 89,420
Capital and reserves
Called up share capital: 150 150
Profit and loss account: 64,197 89,270
Shareholders funds: 64,347 89,420

The notes form part of these financial statements

ALAN EDWARDS HAIRDRESSING LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Mr A Edwards
Status: Director

The notes form part of these financial statements

ALAN EDWARDS HAIRDRESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

Tangible fixed assets and depreciation policy

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their useful lives, as follows : Property and improvements 4% on cost, Furniture, Fittings and equipment 20% on reducing balance and 33.33% on cost.

ALAN EDWARDS HAIRDRESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 16 21

ALAN EDWARDS HAIRDRESSING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 136,010
At 31 October 2023 136,010
Depreciation
At 01 November 2022 92,530
Charge for year 4,889
At 31 October 2023 97,419
Net book value
At 31 October 2023 38,591
At 31 October 2022 43,480