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REGISTERED NUMBER: 12457020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

FOR

HAIR & BEAUTY OF CHESHIRE LIMITED

HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

BALANCE SHEET
31 MARCH 2024

31.3.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,407 6,903

CURRENT ASSETS
Stocks 919 1,121
Debtors 5 3,364 3,615
Cash at bank 5,277 6,319
9,560 11,055
CREDITORS
Amounts falling due within one year 6 14,775 10,172
NET CURRENT (LIABILITIES)/ASSETS (5,215 ) 883
TOTAL ASSETS LESS CURRENT
LIABILITIES

192

7,786

CREDITORS
Amounts falling due after more than
one year

7

1,251

4,525
NET (LIABILITIES)/ASSETS (1,059 ) 3,261

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (1,159 ) 3,161
SHAREHOLDERS' FUNDS (1,059 ) 3,261

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

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 29 July 2024 and were signed by:





Mrs E J Massey - Director


HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Hair & Beauty of Cheshire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12457020

Registered office: 34 Lavender Drive
Rudheath
Northwich
Cheshire
CW9 7EQ

The presentation currency of the financial statements is the Pound Sterling (£).


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 & fittings - 20% 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.

HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statement when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
& fittings
£   
COST
At 1 March 2023
and 31 March 2024 13,423
DEPRECIATION
At 1 March 2023 6,520
Charge for period 1,496
At 31 March 2024 8,016
NET BOOK VALUE
At 31 March 2024 5,407
At 28 February 2023 6,903

HAIR & BEAUTY OF CHESHIRE LIMITED (REGISTERED NUMBER: 12457020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Other debtors 3,364 3,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Bank loans and overdrafts 3,135 3,261
Trade creditors 1,169 51
Taxation and social security 196 92
Other creditors 10,275 6,768
14,775 10,172

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 28.2.23
£    £   
Bank loans 1,251 4,525

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 28.2.23
value: £    £   
100 Share capital 1 £1 100 100