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SVS HAIR & BEAUTY LIMITED

Registered Number
05214370
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SVS HAIR & BEAUTY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

ANGUS, Victoria Christine
RICKARDS, Susan
TOMKINS, Sally Elizabeth

Company Secretary

RICKARDS, Susan

Registered Address

34 Waterloo Road
Wolverhampton
WV1 4DG

Registered Number

05214370 (England and Wales)
SVS HAIR & BEAUTY LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3289386
289386
Current assets
Debtors1,1401,140
Cash at bank and on hand3,9412,726
5,0813,866
Creditors amounts falling due within one year4(9,795)(8,458)
Net current assets (liabilities)(4,714)(4,592)
Total assets less current liabilities(4,425)(4,206)
Creditors amounts falling due after one year5(2,678)(4,208)
Net assets(7,103)(8,414)
Capital and reserves
Called up share capital90,00090,000
Profit and loss account(97,103)(98,414)
Shareholders' funds(7,103)(8,414)
The financial statements were approved and authorised for issue by the Board of Directors on 13 August 2024, and are signed on its behalf by:
RICKARDS, Susan
Director
Registered Company No. 05214370
SVS HAIR & BEAUTY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 234,5311,0805,611
At 31 March 244,5311,0805,611
Depreciation and impairment
At 01 April 234,2899365,225
Charge for year613697
At 31 March 244,3509725,322
Net book value
At 31 March 24181108289
At 31 March 23242144386
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,5301,530
Taxation and social security7,6496,274
Other creditors616654
Total9,7958,458
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,6784,208
Total2,6784,208