REGISTERED NUMBER: |
SOUL HAIRDRESSING LIMITED |
Unaudited Financial Statements For The Year Ended 31 December 2023 |
REGISTERED NUMBER: |
SOUL HAIRDRESSING LIMITED |
Unaudited Financial Statements For The Year Ended 31 December 2023 |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Contents of the Financial Statements |
For The Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 7 |
SOUL HAIRDRESSING LIMITED |
Company Information |
For The Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Balance Sheet - continued |
31 December 2023 |
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 |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Notes to the Financial Statements |
For The Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Soul Hairdressing Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant estimates |
There were no estimates made that were significant enough to warrant disclosure. |
Turnover |
Turnover is stated gross of value added tax - the company is no longer VAT registered. |
Goodwill |
Goodwill that was purchased in 2011 is being amortised evenly over its estimated useful life of twenty-five years. The Director is aware that this policy does not fall in-line with recommended accounting standards. In carrying out an impairment review the Director deemed that the carrying value is accurate. |
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. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Significant judgements |
There were no judgements made that were significant enough to warrant disclosure. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
AMORTISATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security | ( |
) |
Other creditors |
SOUL HAIRDRESSING LIMITED (REGISTERED NUMBER: 05895980) |
Notes to the Financial Statements - continued |
For The Year Ended 31 December 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Included in other creditors are amounts owed to the Director, this year he was owed £32,483 (7,735- 2022). |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Included in other creditors are family loans, this year they were owed £nil (£24,744 -2022). |
9. | SECURED DEBTS |
A bank loan and bank overdraft facility made available to the company are secured by way of a Director's personal guarantee. |
10. | FINANCIAL INSTRUMENTS |
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis. |
11. | RELATED PARTY DISCLOSURES |
No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities. |
SOUL HAIRDRESSING LIMITED |
Report of the Accountants to the Director of |
Soul Hairdressing Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |