Acorah Software Products - Accounts Production 15.0.500 false true true 30 November 2023 1 December 2022 false 1 December 2023 5 April 2024 5 April 2024 05263555 Mr C Wallwork iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05263555 2023-11-30 05263555 2024-04-05 05263555 2023-12-01 2024-04-05 05263555 frs-core:CurrentFinancialInstruments 2024-04-05 05263555 frs-core:PlantMachinery 2024-04-05 05263555 frs-core:PlantMachinery 2023-12-01 2024-04-05 05263555 frs-core:PlantMachinery 2023-11-30 05263555 frs-core:ShareCapital 2024-04-05 05263555 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 05263555 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-04-05 05263555 frs-bus:FilletedAccounts 2023-12-01 2024-04-05 05263555 frs-bus:SmallEntities 2023-12-01 2024-04-05 05263555 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-04-05 05263555 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-04-05 05263555 frs-bus:Director1 2023-12-01 2024-04-05 05263555 1 2023-12-01 2024-04-05 05263555 frs-countries:EnglandWales 2023-12-01 2024-04-05 05263555 2022-11-30 05263555 2023-11-30 05263555 2022-12-01 2023-11-30 05263555 frs-core:CurrentFinancialInstruments 2023-11-30 05263555 frs-core:ShareCapital 2023-11-30 05263555 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 05263555 1 2022-12-01 2023-11-30
Registered number: 05263555
CLIVE'S BARBERS LTD
Unaudited Financial Statements
For the Period 1 December 2023 to 5 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05263555
5 April 2024 30 November 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 562 592
562 592
CURRENT ASSETS
Stocks 5 145 100
Debtors 6 38 177
Cash at bank and in hand 602 1,308
785 1,585
Creditors: Amounts Falling Due Within One Year 7 (1,832 ) (2,260 )
NET CURRENT ASSETS (LIABILITIES) (1,047 ) (675 )
TOTAL ASSETS LESS CURRENT LIABILITIES (485 ) (83 )
NET LIABILITIES (485 ) (83 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (486 ) (84 )
SHAREHOLDERS' FUNDS (485) (83)
Page 1
Page 2
For the period ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Wallwork
Director
10 June 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
CLIVE'S BARBERS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 05263555 . The registered office is 28 Abbey St, Accrington, BB5 1EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information in making their assessment. In particular, in response to the COVID-19 pandemic, the directors have taken into account the effects on the company and have reviewed a period of exceeding 12 months from the date of approval of these financial statements, the directors have a reasonable expectation that it has adequate resources to continue operational existence and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on a reducing balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
5 April 2024 30 November 2023
Production 1 1
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2023 2,005
As at 5 April 2024 2,005
Depreciation
As at 1 December 2023 1,413
Provided during the period 30
As at 5 April 2024 1,443
Net Book Value
As at 5 April 2024 562
As at 1 December 2023 592
5. Stocks
5 April 2024 30 November 2023
£ £
Stock 145 100
6. Debtors
5 April 2024 30 November 2023
£ £
Due within one year
Prepayments and accrued income - 177
Other taxes and social security 38 -
38 177
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
5 April 2024 30 November 2023
£ £
Trade creditors 601 1,130
Other taxes and social security - 92
Director's loan account 1,231 1,038
1,832 2,260
8. Share Capital
5 April 2024 30 November 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5