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REGISTERED NUMBER: 07240365 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Sudbury (T) Hairdressing Limited

Sudbury (T) Hairdressing Limited (Registered number: 07240365)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sudbury (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: C F Spearing





REGISTERED OFFICE: C/O Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 07240365 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,167 -
Tangible assets 5 34,908 36,430
38,075 36,430

CURRENT ASSETS
Stocks 1,611 1,131
Debtors 6 97,799 81,342
Cash at bank and in hand 1,616 15,803
101,026 98,276
CREDITORS
Amounts falling due within one year 7 58,775 56,908
NET CURRENT ASSETS 42,251 41,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,326

77,798

PROVISIONS FOR LIABILITIES 6,675 5,020
NET ASSETS 73,651 72,778

CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Retained earnings 23,651 22,778
SHAREHOLDERS' FUNDS 73,651 72,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





C F Spearing - Director


Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Sudbury (T) Hairdressing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Costs are being amortised evenly over their estimated 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 and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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

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 balance sheet date.


Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Costs
£   
COST
At 1 September 2022 9,619
Additions 5,000
Disposals (9,619 )
At 31 August 2023 5,000
AMORTISATION
At 1 September 2022 9,619
Amortisation for year 1,833
Eliminated on disposal (9,619 )
At 31 August 2023 1,833
NET BOOK VALUE
At 31 August 2023 3,167
At 31 August 2022 -

Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 124,136 1,169 125,305
Additions 2,293 - 2,293
At 31 August 2023 126,429 1,169 127,598
DEPRECIATION
At 1 September 2022 87,706 1,169 88,875
Charge for year 3,815 - 3,815
At 31 August 2023 91,521 1,169 92,690
NET BOOK VALUE
At 31 August 2023 34,908 - 34,908
At 31 August 2022 36,430 - 36,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 82,300 64,688
Other debtors 15,499 16,654
97,799 81,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 1,638 -
Trade creditors 1,893 6,993
Amounts owed to group undertakings 4,422 709
Taxation and social security 18,760 27,441
Other creditors 32,062 21,765
58,775 56,908

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 20,000 18,611
Between one and five years 44,000 56,000
64,000 74,611

Sudbury (T) Hairdressing Limited (Registered number: 07240365)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
50,000 Ordinary £1 50,000 50,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is C F Spearing.