1 31/03/2024 2024-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07570823 2023-04-01 2024-03-31 07570823 2024-03-31 07570823 2023-03-31 07570823 2022-04-01 2023-03-31 07570823 2023-03-31 07570823 core:NetGoodwill 2023-04-01 2024-03-31 07570823 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07570823 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07570823 bus:Director1 2023-04-01 2024-03-31 07570823 core:NetGoodwill 2024-03-31 07570823 core:FurnitureFittingsToolsEquipment 2023-03-31 07570823 core:FurnitureFittingsToolsEquipment 2024-03-31 07570823 core:WithinOneYear 2024-03-31 07570823 core:WithinOneYear 2023-03-31 07570823 core:ShareCapital 2024-03-31 07570823 core:ShareCapital 2023-03-31 07570823 core:RetainedEarningsAccumulatedLosses 2024-03-31 07570823 core:RetainedEarningsAccumulatedLosses 2023-03-31 07570823 bus:OrdinaryShareClass1 core:ShareCapital 2024-03-31 07570823 bus:OrdinaryShareClass1 core:ShareCapital 2023-03-31 07570823 core:NetGoodwill 2023-03-31 07570823 core:FurnitureFittingsToolsEquipment 2023-03-31 07570823 bus:SmallEntities 2023-04-01 2024-03-31 07570823 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07570823 bus:FullAccounts 2023-04-01 2024-03-31 07570823 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07570823 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: 07570823
Male Room (Barbers) Limited
Unaudited filleted financial statements
31 March 2024
Male Room (Barbers) Limited
Contents
Statement of financial position
Notes to the financial statements
Male Room (Barbers) Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 1,450 1,933
_______ _______
1,450 1,933
Current assets
Stocks 60 60
Debtors 7 203 154
Cash at bank and in hand 8,695 12,260
_______ _______
8,958 12,474
Creditors: amounts falling due
within one year 8 ( 10,057) ( 14,338)
_______ _______
Net current liabilities ( 1,099) ( 1,864)
_______ _______
Total assets less current liabilities 351 69
_______ _______
Net assets 351 69
_______ _______
Capital and reserves
Called up share capital 9 1 1
Profit and loss account 350 68
_______ _______
Shareholder funds 351 69
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 July 2024 , and are signed on behalf of the board by:
Mrs Emma Gould
Director
Company registration number: 07570823
Male Room (Barbers) Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN. The place of business is Unit 1, Victoria Passage, Stourbridge, West Midlands, DY8 1DP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest pound.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2023 and 31 March 2024 16,000 16,000
_______ _______
Amortisation
At 1 April 2023 and 31 March 2024 16,000 16,000
_______ _______
Carrying amount
At 31 March 2024 - -
_______ _______
At 31 March 2023 - -
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 and 31 March 2024 8,140 8,140
_______ _______
Depreciation
At 1 April 2023 6,207 6,207
Charge for the year 483 483
_______ _______
At 31 March 2024 6,690 6,690
_______ _______
Carrying amount
At 31 March 2024 1,450 1,450
_______ _______
At 31 March 2023 1,933 1,933
_______ _______
7. Debtors
2024 2023
£ £
Other debtors 203 154
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 1,958 2,123
Other creditors 8,099 12,215
_______ _______
10,057 14,338
_______ _______
9. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares shares of £ 1.00 each 1 1 1 1
_______ _______ _______ _______