2022-11-01 04546069 2023-10-31 04546069 2022-11-01 2023-10-31 04546069 2022-10-31 04546069 2021-11-01 2022-10-31 04546069 uk-core:WithinOneYear 2022-10-31 04546069 uk-core:WithinOneYear 2023-10-31 04546069 uk-core:ShareCapital 2023-10-31 04546069 uk-core:ShareCapital 2022-10-31 04546069 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 04546069 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 04546069 uk-bus:Director1 2022-11-01 2023-10-31 04546069 uk-core:FurnitureFittings 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure 04546069 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04546069 uk-bus:FRS102 2022-11-01 2023-10-31 04546069 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 04546069 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Kings Hair Studios Limited
Registered Number:04546069
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
04546069
As at 31 October 2023
Kings Hair Studios Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
-
1,342
2
-
1,342
Current assets
Inventories
2,599
-
3
Trade and other receivables
655
3,148
4
24,340
Cash and cash equivalents
2,517
5,665
27,594
Trade and other payables: amounts falling due within
one year
(300)
(510)
5
27,294
5,155
Net current assets
Total assets less current liabilities
5,155
28,636
5,155
Net assets
28,636
Capital and reserves
Called up share capital
200
200
Retained earnings
4,955
28,436
5,155
28,636
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
04546069
For the year ended 31 October 2023
Kings Hair Studios Limited
Statement of Financial Position Continued
Mrs Anne Catherine Thompson Director
These financial statements were approved and authorised for issue by the Board on 30 April 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 October 2023
Kings Hair Studios Limited
Notes to the Financial Statements
Statutory Information
Kings Hair Studios Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04546069.
Registered address:
10 Glastonbury Road
Bury St Edmunds
Suffolk
IP33 2EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical
costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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For the year ended 31 October 2023
Kings Hair Studios Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 November 2022
25,231
Disposals
(25,231)
At 31 October 2023
-
Provision for depreciation and impairment
At 01 November 2022
23,889
Charge for year
1,342
(25,231)
On disposal
At 31 October 2023
-
At 31 October 2023
Net book value
-
At 31 October 2022
1,342
3. Inventories
2022
2023
£
£
Stocks
-
2,599
4. Trade and other receivables
2022
2023
£
£
Other debtors
3,148
655
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
510
300
6. Average number of persons employed
During the year the average number of employees was 0 (2022 : 6)
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