Registered number
SC749397
Its All About You (Hairdressing) Ltd
Filleted Accounts
31 March 2024
Its All About You (Hairdressing) Ltd
Registered number: SC749397
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Cash at bank and in hand 19,901
Creditors: amounts falling due within one year 3 (7,304)
Net current assets 12,597
Net assets 12,597
Capital and reserves
Called up share capital 1
Profit and loss account 12,596
Shareholder's funds 12,597
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 her 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 McNeil
Director
Approved by the board on 1 August 2024
Its All About You (Hairdressing) Ltd
Notes to the Accounts
for the period from 4 November 2022 to 31 March 2024
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 rendering of services. Turnover from the rendering if services is recognised at the point of delivery of those services.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 6,239
Other creditors 1,065
7,304
4 Other financial commitments 2024
£
Total future minimum payments under non-cancellable operating leases 3,750
5 Related party transactions
During the period, dividends of £14,000 were paid to the Director.
6 Controlling party
The company is controlled by G McNeil who owns the whole issued share capital of the company.
7 Other information
Its All About You (Hairdressing) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
49 Campbell Avenue
Stevenston
North Ayrshire
KA20 4BT
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