Registered number
10344572
Millers Hairdressing Limited
Filleted Accounts
31 December 2023
Millers Hairdressing Limited
Registered number: 10344572
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 12,000 9,000
Debtors 4 6,637 5,638
Cash at bank and in hand 35,116 38,791
53,753 53,429
Creditors: amounts falling due within one year 5 (37,500) (32,595)
Net current assets 16,253 20,834
Net assets 16,253 20,834
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,153 20,734
Shareholder's funds 16,253 20,834
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Miller Lewis
Director
Approved by the board on 6 June 2024
Millers Hairdressing Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences as they are not considered material
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 1,000
At 31 December 2023 1,000
Depreciation
At 1 January 2023 1,000
At 31 December 2023 1,000
Net book value
At 31 December 2023 -
4 Debtors 2023 2022
£ £
Other debtors 6,637 5,638
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 16,739 12,717
Corporation tax 43 43
Other creditors 20,718 19,835
37,500 32,595
6 Other information
Millers Hairdressing Limited is a private company limited by shares and incorporated in England. Its registered office is:
316 Upper Richmond Road West
East Sheen
London
SW14 7JN
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