Company Registration No. 04589825 (England and Wales)
Deb 'n Hair Limited
Unaudited accounts
for the year ended 30 November 2023
Deb 'n Hair Limited
Unaudited accounts
Contents
Deb 'n Hair Limited
Company Information
for the year ended 30 November 2023
Directors
Mrs D Finney
Deborah Finney
Company Number
04589825 (England and Wales)
Registered Office
City Tax Shop
3 High Street
Ibstock
Leicestershire
LE67 6LG
England
Deb 'n Hair Limited
Statement of financial position
as at 30 November 2023
Tangible assets
6,707
7,598
Cash at bank and in hand
40,074
38,156
Creditors: amounts falling due within one year
(46,676)
(45,384)
Net current liabilities
(2,969)
(3,612)
Total assets less current liabilities
3,738
3,986
Provisions for liabilities
Deferred tax
(1,274)
(1,443)
Called up share capital
1
1
Profit and loss account
2,463
2,542
Shareholders' funds
2,464
2,543
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Mrs D Finney
Director
Company Registration No. 04589825
Deb 'n Hair Limited
Notes to the Accounts
for the year ended 30 November 2023
Deb 'n Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 04589825. The registered office is City Tax Shop, 3 High Street, Ibstock, Leicestershire, LE67 6LG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on cost
Fixtures & fittings
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Deb 'n Hair Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
7,750
29,214
36,964
At 30 November 2023
7,750
29,214
36,964
At 1 December 2022
3,097
26,269
29,366
Charge for the year
155
736
891
At 30 November 2023
3,252
27,005
30,257
At 30 November 2023
4,498
2,209
6,707
At 30 November 2022
4,653
2,945
7,598
Amounts falling due within one year
Accrued income and prepayments
-
90
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(679)
(1,065)
Loans from directors
46,474
44,963
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).