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REGISTERED NUMBER: 06942852 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALL ABOUT HAIR (CHORLEY) LIMITED

ALL ABOUT HAIR (CHORLEY) LIMITED (REGISTERED NUMBER: 06942852)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALL ABOUT HAIR (CHORLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C Lake





REGISTERED OFFICE: Westbourne House
Main Street
Haltwhistle
NE49 0AZ





REGISTERED NUMBER: 06942852 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

ALL ABOUT HAIR (CHORLEY) LIMITED (REGISTERED NUMBER: 06942852)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,556 13,810

CURRENT ASSETS
Stocks 5 24,541 22,546
Debtors 6 10,303 11,067
Cash at bank 92,731 107,696
127,575 141,309
CREDITORS
Amounts falling due within one year 7 45,182 40,757
NET CURRENT ASSETS 82,393 100,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,949

114,362

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (1,910 ) (2,275 )
NET ASSETS 74,539 84,587

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 74,535 84,583
SHAREHOLDERS' FUNDS 74,539 84,587

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

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

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 23 August 2024 and were signed by:





C Lake - Director


ALL ABOUT HAIR (CHORLEY) LIMITED (REGISTERED NUMBER: 06942852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

All About Hair (Chorley) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06942852 and its registered office is at Westbourne House, Main Street, Haltwhistle, NE49 0AZ.

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.

Turnover
Turnover represents the amount derived from ordinary activities, being services supplied and goods sold, and is stated after trade discounts, other sales tax and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost and 20% 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.

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 8 (2022 - 8 ) .

ALL ABOUT HAIR (CHORLEY) LIMITED (REGISTERED NUMBER: 06942852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 10,137 22,635 6,885 39,657
Additions - - 999 999
At 31 December 2023 10,137 22,635 7,884 40,656
DEPRECIATION
At 1 January 2023 9,949 10,402 5,496 25,847
Charge for year 32 2,438 783 3,253
At 31 December 2023 9,981 12,840 6,279 29,100
NET BOOK VALUE
At 31 December 2023 156 9,795 1,605 11,556
At 31 December 2022 188 12,233 1,389 13,810

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 24,541 22,546

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 921 1,685

Amounts falling due after more than one year:
Other debtors 9,382 9,382

Aggregate amounts 10,303 11,067

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,146 3,148
Taxation and social security 22,830 23,351
Other creditors 6,206 4,258
45,182 40,757

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 17,500 27,500

ALL ABOUT HAIR (CHORLEY) LIMITED (REGISTERED NUMBER: 06942852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 1,440 1,440
Between one and five years 2,881 3,925
4,321 5,365