Company registration number 09124676 (England and Wales)
Ed's Professional Barbering Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
Ed's Professional Barbering Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Ed's Professional Barbering Ltd
Statement of financial position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
8,485
9,983
Current assets
Stocks
715
715
Debtors
3,497
13,518
Cash at bank and in hand
2,719
1,779
6,931
16,012
Creditors: amounts falling due within one year
(9,036)
(15,546)
Net current (liabilities)/assets
(2,105)
466
Total assets less current liabilities
6,380
10,449
Creditors: amounts falling due after more than one year
(6,000)
(10,000)
Net assets
380
449
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
370
439
Total equity
380
449
Ed's Professional Barbering Ltd
Statement of financial position (continued)
as at 30 November 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 August 2024
D L Casale
Director
Company Registration No. 09124676
Ed's Professional Barbering Ltd
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for services provided in the normal course of business. Turnover is recognised on the provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
Ed's Professional Barbering Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 December 2022 and 30 November 2023
28,453
Depreciation and impairment
At 1 December 2022
18,470
Depreciation charged in the year
1,498
At 30 November 2023
19,968
Carrying amount
At 30 November 2023
8,485
At 30 November 2022
9,983
4
Company information
Ed's Professional Barbering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 13 Rawson Street, Halifax, West Yorkshire, HX1 1NH.