IRIS Accounts Production v24.1.0.578 03539204 director 1.9.22 31.8.23 31.8.23 true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035392042022-08-31035392042023-08-31035392042022-09-012023-08-31035392042021-08-31035392042021-09-012022-08-31035392042022-08-3103539204ns15:EnglandWales2022-09-012023-08-3103539204ns14:PoundSterling2022-09-012023-08-3103539204ns10:Director12022-09-012023-08-3103539204ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103539204ns10:SmallEntities2022-09-012023-08-3103539204ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103539204ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103539204ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103539204ns10:FullAccounts2022-09-012023-08-310353920412022-09-012023-08-3103539204ns10:OrdinaryShareClass32022-09-012023-08-3103539204ns10:RegisteredOffice2022-09-012023-08-3103539204ns5:CurrentFinancialInstruments2023-08-3103539204ns5:CurrentFinancialInstruments2022-08-3103539204ns5:Non-currentFinancialInstruments2023-08-3103539204ns5:Non-currentFinancialInstruments2022-08-3103539204ns5:ShareCapital2023-08-3103539204ns5:ShareCapital2022-08-3103539204ns5:RetainedEarningsAccumulatedLosses2023-08-3103539204ns5:RetainedEarningsAccumulatedLosses2022-08-3103539204ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3103539204ns5:PatentsTrademarksLicencesConcessionsSimilar2022-09-012023-08-3103539204ns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3103539204ns5:PlantMachinery2022-09-012023-08-3103539204ns5:ComputerEquipment2022-09-012023-08-3103539204ns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-3103539204ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3103539204ns5:PatentsTrademarksLicencesConcessionsSimilar2022-08-3103539204ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3103539204ns5:PlantMachinery2022-08-3103539204ns5:ComputerEquipment2022-08-3103539204ns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-3103539204ns5:PlantMachinery2023-08-3103539204ns5:ComputerEquipment2023-08-3103539204ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3103539204ns5:PlantMachinery2022-08-3103539204ns5:ComputerEquipment2022-08-3103539204ns5:CostValuation2022-08-3103539204ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103539204ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103539204ns5:WithinOneYear2023-08-3103539204ns5:WithinOneYear2022-08-3103539204ns5:Secured2023-08-3103539204ns5:Secured2022-08-3103539204ns10:OrdinaryShareClass32023-08-31
REGISTERED NUMBER: 03539204 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Colchester (T) Hairdressing Limited

Colchester (T) Hairdressing Limited (Registered number: 03539204)






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


Colchester (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: C F Spearing





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 03539204 (England and Wales)





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

Colchester (T) Hairdressing Limited (Registered number: 03539204)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 750
Tangible assets 5 22,021 29,111
Investments 6 37,568 37,568
59,589 67,429

CURRENT ASSETS
Stocks 4,560 4,164
Debtors 7 268,872 252,215
Cash in hand 3,539 6,632
276,971 263,011
CREDITORS
Amounts falling due within one year 8 518,188 695,954
NET CURRENT LIABILITIES (241,217 ) (432,943 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(181,628

)

(365,514

)

CREDITORS
Amounts falling due after more than one
year

9

(24,167

)

(29,167

)

PROVISIONS FOR LIABILITIES (4,442 ) (4,639 )
NET LIABILITIES (210,237 ) (399,320 )

CAPITAL AND RESERVES
Called up share capital 12 20,000 20,000
Retained earnings (230,237 ) (419,320 )
SHAREHOLDERS' FUNDS (210,237 ) (399,320 )

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.

Colchester (T) Hairdressing Limited (Registered number: 03539204)

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


Colchester (T) Hairdressing Limited (Registered number: 03539204)

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

1. STATUTORY INFORMATION

Colchester (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.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


Colchester (T) Hairdressing Limited (Registered number: 03539204)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The company meets its day to day working capital requirements through an overdraft facility, medium term loans and extended related party supplier credit and loans. The director considers that it is appropriate to prepare the financial statements on a going concern basis, as she expects the company to be able to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Costs
£   
COST
At 1 September 2022
and 31 August 2023 5,000
AMORTISATION
At 1 September 2022 4,250
Amortisation for year 750
At 31 August 2023 5,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 750

Colchester (T) Hairdressing Limited (Registered number: 03539204)

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

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 September 2022 5,489 278,027 5,714 289,230
Additions - 3,345 2,142 5,487
At 31 August 2023 5,489 281,372 7,856 294,717
DEPRECIATION
At 1 September 2022 5,489 251,422 3,208 260,119
Charge for year - 10,256 2,321 12,577
At 31 August 2023 5,489 261,678 5,529 272,696
NET BOOK VALUE
At 31 August 2023 - 19,694 2,327 22,021
At 31 August 2022 - 26,605 2,506 29,111

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 37,568
NET BOOK VALUE
At 31 August 2023 37,568
At 31 August 2022 37,568

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 13,489 3,067
Amounts owed by group undertakings 247,284 238,040
Other debtors 8,099 11,108
268,872 252,215

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 9,988 19,672
Trade creditors 114,249 127,578
Amounts owed to group undertakings 93,734 242,000
Amounts owed to associates 177,838 177,838
Taxation and social security 56,945 60,188
Other creditors 65,434 68,678
518,188 695,954

Colchester (T) Hairdressing Limited (Registered number: 03539204)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 24,167 29,167

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year - 28,500

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdrafts 988 2,681
Bank loans 33,167 46,158
34,155 48,839

Bank loans are secured by a fixed and floating debenture over the fixed assets of the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
20,000 Ordinary £1 20,000 20,000

13. CONTINGENT LIABILITIES

The company provided a bank loan guarantee to its subsidiary, South Woodford (T) Hairdressing Limited, for an amount not exceeding £70,000.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C F Spearing.