IRIS Accounts Production v24.2.0.383 08007073 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080070732023-03-31080070732024-03-31080070732023-04-012024-03-31080070732022-03-31080070732022-04-012023-03-31080070732023-03-3108007073ns15:EnglandWales2023-04-012024-03-3108007073ns14:PoundSterling2023-04-012024-03-3108007073ns10:Director12023-04-012024-03-3108007073ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108007073ns10:SmallEntities2023-04-012024-03-3108007073ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108007073ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108007073ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108007073ns10:FullAccounts2023-04-012024-03-3108007073ns10:Director22023-04-012024-03-3108007073ns10:CompanySecretary12023-04-012024-03-3108007073ns10:RegisteredOffice2023-04-012024-03-3108007073ns5:CurrentFinancialInstruments2024-03-3108007073ns5:CurrentFinancialInstruments2023-03-3108007073ns5:Non-currentFinancialInstruments2024-03-3108007073ns5:Non-currentFinancialInstruments2023-03-3108007073ns5:ShareCapital2024-03-3108007073ns5:ShareCapital2023-03-3108007073ns5:RetainedEarningsAccumulatedLosses2024-03-3108007073ns5:RetainedEarningsAccumulatedLosses2023-03-3108007073ns5:FurnitureFittings2023-04-012024-03-3108007073ns5:FurnitureFittings2023-03-3108007073ns5:FurnitureFittings2024-03-3108007073ns5:FurnitureFittings2023-03-3108007073ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108007073ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108007073ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3108007073ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3108007073ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108007073ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-31080070731ns10:Director12023-03-31080070731ns10:Director12022-03-31080070731ns10:Director12023-04-012024-03-31080070731ns10:Director12022-04-012023-03-31080070731ns10:Director12024-03-31080070731ns10:Director12023-03-31
REGISTERED NUMBER: 08007073 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jo Bullerwell Hair Salon Limited

Jo Bullerwell Hair Salon Limited (Registered number: 08007073)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jo Bullerwell Hair Salon Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Ms J M Atkinson
Ms J Bullerwell





SECRETARY: Ms J M Atkinson





REGISTERED OFFICE: 30 Brentwood Avenue
Jesmond
Newcastle Upon Tyne
NE2 3DH





REGISTERED NUMBER: 08007073 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Jo Bullerwell Hair Salon Limited (Registered number: 08007073)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,231 5,748

CURRENT ASSETS
Stocks 9,782 10,111
Debtors 5 15,162 7,650
Cash at bank 12,328 14,177
37,272 31,938
CREDITORS
Amounts falling due within one year 6 41,849 23,661
NET CURRENT (LIABILITIES)/ASSETS (4,577 ) 8,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,654

14,025

CREDITORS
Amounts falling due after more than
one year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (1,184 ) (1,092 )
NET LIABILITIES (11,197 ) (8,734 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (11,199 ) (8,736 )
(11,197 ) (8,734 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Jo Bullerwell Hair Salon Limited (Registered number: 08007073)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Ms J Bullerwell - Director


Jo Bullerwell Hair Salon Limited (Registered number: 08007073)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jo Bullerwell Hair Salon 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Jo Bullerwell Hair Salon Limited (Registered number: 08007073)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
& Equipment
£   
COST
At 1 April 2023 26,272
Additions 2,560
At 31 March 2024 28,832
DEPRECIATION
At 1 April 2023 20,524
Charge for year 2,077
At 31 March 2024 22,601
NET BOOK VALUE
At 31 March 2024 6,231
At 31 March 2023 5,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts 5,290 284
Prepayments and accrued income 9,872 7,366
15,162 7,650

Jo Bullerwell Hair Salon Limited (Registered number: 08007073)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 14,875 4,155
Tax 4,960 2,624
Social security and other taxes 1,616 1,068
VAT 4,530 4,080
Other creditors 253 199
Directors' current accounts 3,764 125
Accruals and deferred income 1,851 1,410
41,849 23,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
11,667 21,667

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Ms J Bullerwell
Balance outstanding at start of year 284 -
Amounts advanced 5,290 284
Amounts repaid (284 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,290 284