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REGISTERED NUMBER: 11760444 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHESHIRE HAIR STUDIO LTD

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHESHIRE HAIR STUDIO LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Miss G N Bookbinder





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 11760444 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,621 10,142

CURRENT ASSETS
Stocks 5 500 500
Debtors 6 1,734 5,369
Cash at bank 3,951 5,312
6,185 11,181
CREDITORS
Amounts falling due within one year 7 9,279 13,935
NET CURRENT LIABILITIES (3,094 ) (2,754 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,527

7,388

CREDITORS
Amounts falling due after more than one year 8 (2,917 ) (5,417 )

PROVISIONS FOR LIABILITIES 9 (1,638 ) (1,927 )
NET ASSETS 972 44

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 970 42
SHAREHOLDERS' FUNDS 972 44

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

BALANCE SHEET - continued
31 March 2024


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 19 August 2024 and were signed by:





Miss G N Bookbinder - Director


CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cheshire Hair Studio Ltd 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 18,187
DEPRECIATION
At 1 April 2023 8,045
Charge for year 1,521
At 31 March 2024 9,566
NET BOOK VALUE
At 31 March 2024 8,621
At 31 March 2023 10,142

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 500 500

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Directors' current accounts - 3,635
Tax 1,227 -
Prepayments 507 507
1,734 4,142

Amounts falling due after more than one year:
Tax - 1,227

Aggregate amounts 1,734 5,369

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors 1 (1 )
Tax 1,727 4,644
Social security and other taxes 923 972
Other creditors 2,274 2,220
Directors' current accounts 54 -
Accrued expenses 1,800 3,600
9,279 13,935

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 2,500 2,500
Bank loans - 2-5 years 417 2,917
2,917 5,417

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,638 1,927

Deferred
tax
£   
Balance at 1 April 2023 1,927
Accelerated capital allowances (289 )
Balance at 31 March 2024 1,638

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £2 2 2

CHESHIRE HAIR STUDIO LTD (REGISTERED NUMBER: 11760444)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 42
Profit for the year 6,128
Dividends (5,200 )
At 31 March 2024 970