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Company Registration No. 14441194 (England and Wales)
Hairitage Locks Ltd Unaudited accounts for the year ended 31 October 2023
Hairitage Locks Ltd Unaudited accounts Contents
Page
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Hairitage Locks Ltd Company Information for the year ended 31 October 2023
Director
C Ayodele
Company Number
14441194 (England and Wales)
Registered Office
17 Forrest Shaw Castle Hill Ebbsfleet Valley Swanscombe Kent DA10 1AF England
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hairitage Locks Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hairitage Locks Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Hairitage Locks Ltd, as a body, in accordance with the terms of our engagement letter dated 1 October 2022. Our work has been undertaken solely to prepare for your approval the accounts of Hairitage Locks Ltd and state those matters that we have agreed to state to the Board of Directors of Hairitage Locks Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hairitage Locks Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hairitage Locks Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Hairitage Locks Ltd. You consider that Hairitage Locks Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Hairitage Locks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 1 November 2023
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Hairitage Locks Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
569 
- 
Current assets
Inventories
600 
- 
Cash at bank and in hand
19,207 
- 
19,807 
- 
Creditors: amounts falling due within one year
(875)
- 
Net current assets
18,932 
- 
Total assets less current liabilities
19,501 
- 
Creditors: amounts falling due after more than one year
4,913 
- 
Net assets
24,414 
- 
Capital and reserves
Called up share capital
10 
- 
Profit and loss account
24,404 
- 
Shareholders' funds
24,414 
- 
For the year ending 31 October 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 her 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 3 November 2023 and were signed on its behalf by
C Ayodele Director Company Registration No. 14441194
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Hairitage Locks Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Hairitage Locks Ltd is a private company, limited by shares, registered in England and Wales, registration number 14441194. The registered office is 17 Forrest Shaw, Castle Hill, Ebbsfleet Valley, Swanscombe, Kent, DA10 1AF, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% RB
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
- 
Additions
759 
At 31 October 2023
759 
Depreciation
Charge for the year
190 
At 31 October 2023
190 
Net book value
At 31 October 2023
569 
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Hairitage Locks Ltd Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
875 
- 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
11,137 
- 
Loans from directors
(16,050)
- 
(4,913)
- 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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