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REGISTERED NUMBER: 06018783 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FAMILY HAIR AND BEAUTY LIMITED

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAMILY HAIR AND BEAUTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs C L Denyer





REGISTERED OFFICE: 21 Busbridge Road
Maidstone
ME15 0HY





REGISTERED NUMBER: 06018783 (England and Wales)





ACCOUNTANTS: CP Waites
Chartered Accountants
24 St Cuthberts Way
Darlington
DL1 1GB

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 472 20
473 21

CURRENT ASSETS
Stocks 6,315 6,882
Debtors 6 10,771 10,153
Cash at bank and in hand 67,909 88,676
84,995 105,711
CREDITORS
Amounts falling due within one year 7 62,862 62,950
NET CURRENT ASSETS 22,133 42,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,606

42,782

CREDITORS
Amounts falling due after more than one
year

8

(15,655

)

(25,783

)

PROVISIONS FOR LIABILITIES 9 (100 ) -
NET ASSETS 6,851 16,999

CAPITAL AND RESERVES
Called up share capital 10 99 99
Retained earnings 6,752 16,900
SHAREHOLDERS' FUNDS 6,851 16,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





Mrs C L Denyer - Director


FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Family Hair and Beauty Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, was amortised evenly over its useful life of five years.

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 and equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period in which they relate to.

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,001
AMORTISATION
At 1 December 2022
and 30 November 2023 15,000
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 December 2022 63,766
Additions 566
Disposals (627 )
At 30 November 2023 63,705
DEPRECIATION
At 1 December 2022 63,746
Charge for year 113
Eliminated on disposal (626 )
At 30 November 2023 63,233
NET BOOK VALUE
At 30 November 2023 472
At 30 November 2022 20

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Prepayments and accrued income 5,771 5,153

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Rent deposit 5,000 5,000

Aggregate amounts 10,771 10,153

The landlord of the property occupied by the company has a charge over the rent deposit.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loan 10,128 9,872
Trade creditors 10,615 11,303
Corporation tax 6,851 4,751
Social security and other taxes 19,481 18,999
Director's current account 8,873 12,914
Accruals and deferred income 6,914 5,111
62,862 62,950

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan repayable in one to
two years by instalments 15,655 25,783
15,655 25,783

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 100 -

Deferred
tax
£   
Movement in provision 100
Balance at 30 November 2023 100

All of the deferred tax relates to accelerated capital allowances.

FAMILY HAIR AND BEAUTY LIMITED (REGISTERED NUMBER: 06018783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
49 A Ordinary £1 49 49
99 99

11. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £37,708 (2022 - £37,600) to Mrs C L Denyer and £2,000 (2022 - £0) to her husband J A Denyer.

12. CONTROLLING PARTY

Mrs C L Denyer and her husband J A Denyer own the entire issued share capital of the company.