Registered number
11072059
Thy Barber Ltd
Filleted Accounts
30 November 2023
Thy Barber Ltd
Registered number: 11072059
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,146 15,896
2,146 15,896
Current assets
Debtors 4 14,064 17,314
Cash at bank and in hand 35,824 15,500
49,888 32,814
Creditors: amounts falling due within one year 5 (23,454) (19,082)
Net current assets 26,434 13,732
Total assets less current liabilities 28,580 29,628
Creditors: amounts falling due after more than one year 6 (28,056) (35,573)
Net assets/(liabilities) 524 (5,945)
Capital and reserves
Called up share capital 100 100
Profit and loss account 424 (6,045)
Shareholder's funds 524 (5,945)
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.
Mr Frank Rimer
Director
Approved by the board on 5 March 2024
Thy Barber Ltd
Notes to the Accounts
for the year ended 30 November 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 rendering of services. Turnover from the rendering of services is recognised at the point of sale and completion of the service provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits.Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 31,372 37,383 68,755
Disposals - (37,383) (37,383)
At 30 November 2023 31,372 - 31,372
Depreciation
At 1 December 2022 22,951 29,908 52,859
Charge for the year 6,274 - 6,274
On disposals - (29,907) (29,907)
At 30 November 2023 29,225 1 29,226
Net book value
At 30 November 2023 2,147 (1) 2,146
At 30 November 2022 8,421 7,475 15,896
4 Debtors 2023 2022
£ £
Prepayments - 2,500
Other debtors 14,064 14,814
14,064 17,314
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,166 2,572
Other creditors 18,288 16,510
23,454 19,082
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,056 35,573
28,056 35,573
7 Other information
Thy Barber Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50a Clifford Way
Maidstone
Kent
ME16 8GD
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