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REGISTERED NUMBER: 04875855 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Route 66 Barbers Shop Limited

Route 66 Barbers Shop Limited (Registered number: 04875855)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Route 66 Barbers Shop Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mrs F Henshaw





SECRETARY: Mrs F Henshaw





REGISTERED OFFICE: 102 Teehey Lane
Bebington
Wirral
Merseyside
CH63 8QT





REGISTERED NUMBER: 04875855 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Route 66 Barbers Shop Limited (Registered number: 04875855)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,708 18,207

CURRENT ASSETS
Stocks 195 -
Debtors 5 - 1,045
195 1,045
CREDITORS
Amounts falling due within one year 6 24,611 15,761
NET CURRENT LIABILITIES (24,416 ) (14,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,708

)

3,491

CREDITORS
Amounts falling due after more than one
year

7

13,996

16,231
NET LIABILITIES (20,704 ) (12,740 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,804 ) (12,840 )
SHAREHOLDERS' FUNDS (20,704 ) (12,740 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Route 66 Barbers Shop Limited (Registered number: 04875855)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





Mrs F Henshaw - Director


Route 66 Barbers Shop Limited (Registered number: 04875855)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Route 66 Barbers Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Route 66 Barbers Shop Limited (Registered number: 04875855)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis the validity of which depends upon future profitable trading and the support of the director. Should the company be unable to continue trading, adjustments would be necessary to reduce the value of assets to their recoverable amount, to provide for further liabilities which might arise and to reclassify fixed assets as current assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 September 2022 9,780 30,375 40,155
Additions - 900 900
At 31 August 2023 9,780 31,275 41,055
DEPRECIATION
At 1 September 2022 - 21,948 21,948
Charge for year - 1,399 1,399
At 31 August 2023 - 23,347 23,347
NET BOOK VALUE
At 31 August 2023 9,780 7,928 17,708
At 31 August 2022 9,780 8,427 18,207

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors - 1,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 3,508 3,619
Trade creditors 645 2,999
Social security and other taxes 875 -
Other creditors 96 -
Directors' current accounts 19,035 8,423
Accrued expenses 452 720
24,611 15,761

Route 66 Barbers Shop Limited (Registered number: 04875855)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 2,235 2,180
Bank loans - 2-5 years 6,705 6,540
Bank loans more 5 yr by instal 5,056 7,511
13,996 16,231

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,056 7,511

8. OFF-BALANCE SHEET ARRANGEMENTS

At 31 August 2023 the company owed £17,208 (2022 - £31,958) in respect of operating leases.

9. GOING CONCERN

Although the financial statements show net current liabilities of £24,416 (2022 - £14,716) and net liabilities of £20,704 (2022 - £12,740), the director is of the opinion that the financial statements can be prepared on a going concern basis on the grounds that she will continue to support the company and that the company will trade profitably in the future.

Route 66 Barbers Shop Limited

Report of the Accountants to the Director of
Route 66 Barbers Shop Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


7 August 2024