Registered number
11071973
Thy Barber Retail Ltd
Filleted Accounts
30 November 2023
Thy Barber Retail Ltd
Registered number: 11071973
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 3,280 3,530
Debtors 3 100 100
Cash at bank and in hand 11,441 4,942
14,821 8,572
Creditors: amounts falling due within one year 4 (8,421) (7,814)
Net current assets 6,400 758
Total assets less current liabilities 6,400 758
Net assets 6,400 758
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,300 658
Shareholders' funds 6,400 758
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 9 August 2024
Thy Barber Retail 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 sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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. 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 the reversal of 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 - -
3 Debtors 2023 2022
£ £
Other debtors 100 100
100 100
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,281 -
Other creditors 7,140 7,814
8,421 7,814
5 Other information
Thy Barber Retail Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50a Clifford Way
Maidstone
Kent
ME16 8GD
Thy Barber Retail Ltd 11071973 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Mr Frank Rimer No description of principal activity 11071973 2021-12-01 2022-11-30 11071973 core:WithinOneYear 2022-11-30 11071973 core:ShareCapital 2022-11-30 11071973 core:RetainedEarningsAccumulatedLosses 2022-11-30 11071973 2022-12-01 2023-11-30 11071973 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11071973 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11071973 bus:Director40 2022-12-01 2023-11-30 11071973 1 2022-12-01 2023-11-30 11071973 2 2022-12-01 2023-11-30 11071973 countries:England 2022-12-01 2023-11-30 11071973 bus:FRS102 2022-12-01 2023-11-30 11071973 bus:FilletedAccounts 2022-12-01 2023-11-30 11071973 2023-11-30 11071973 core:WithinOneYear 2023-11-30 11071973 core:ShareCapital 2023-11-30 11071973 core:RetainedEarningsAccumulatedLosses 2023-11-30 11071973 2022-11-30 iso4217:GBP xbrli:pure