Company Registration No. 12303539 (England and Wales)
AFROHAIRCANDY LTD
Unaudited accounts
for the year ended 30 November 2023
AFROHAIRCANDY LTD
Unaudited accounts
Contents
AFROHAIRCANDY LTD
Company Information
for the year ended 30 November 2023
Director
Marvin Orlando WHYTE
Company Number
12303539 (England and Wales)
Registered Office
6B SANDERSTEAD ROAD
SOUTH CROYDON
SURREY
CR2 0PA
Accountants
J. W. STEPHEN LTD.
Accountants and Tax Advisors
International House
12 Constance Street
Essex
E16 2DQ
AFROHAIRCANDY LTD
Statement of financial position
as at 30 November 2023
Intangible assets
20,710
31,065
Cash at bank and in hand
983
232
Creditors: amounts falling due within one year
(69,034)
(69,665)
Net current liabilities
(68,051)
(69,433)
Net liabilities
(46,587)
(35,733)
Called up share capital
1
1
Profit and loss account
(46,588)
(35,734)
Shareholders' funds
(46,587)
(35,733)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 August 2024 and were signed on its behalf by
Marvin Orlando WHYTE
Director
Company Registration No. 12303539
AFROHAIRCANDY LTD
Notes to the Accounts
for the year ended 30 November 2023
AFROHAIRCANDY LTD is a private company, limited by shares, registered in England and Wales, registration number 12303539. The registered office is 6B SANDERSTEAD ROAD, SOUTH CROYDON, SURREY, CR2 0PA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 3 years
Fixtures & fittings
Straight line over 3 years
Computer equipment
Straight line over 3 years
Government grants in relation to COVID-19 are credited to profit and loss account.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 30 November 2023
41,420
Charge for the year
10,355
At 30 November 2023
20,710
At 30 November 2023
20,710
At 30 November 2022
31,065
AFROHAIRCANDY LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
374
2,168
3,474
6,016
At 30 November 2023
374
2,168
3,474
6,016
At 1 December 2022
374
1,446
1,561
3,381
Charge for the year
-
723
1,158
1,881
At 30 November 2023
374
2,169
2,719
5,262
At 30 November 2023
-
(1)
755
754
At 30 November 2022
-
722
1,913
2,635
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,895
3,263
Loans from directors
19,144
6,512
7
Average number of employees
During the year the average number of employees was 11 (2022: 11).