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REGISTERED NUMBER: 11255322 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

David John Barbershop Limited

David John Barbershop Limited (Registered number: 11255322)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


David John Barbershop Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss M Childs





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 31 Suffolk Parade
Cheltenham
Gloucestershire
GL50 2AE





REGISTERED NUMBER: 11255322 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

David John Barbershop Limited (Registered number: 11255322)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 768 1,024

CURRENT ASSETS
Stocks 5 676 546
Debtors 6 23 2,179
Cash at bank 4,333 4,918
5,032 7,643
CREDITORS
Amounts falling due within one year 7 4,507 7,011
NET CURRENT ASSETS 525 632
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,293

1,656

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 1,292 1,655
SHAREHOLDERS' FUNDS 1,293 1,656

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 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 9 September 2024 and were signed by:





Miss M Childs - Director


David John Barbershop Limited (Registered number: 11255322)

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

1. STATUTORY INFORMATION

David John Barbershop 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 and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

David John Barbershop Limited (Registered number: 11255322)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,265
DEPRECIATION
At 1 April 2023 2,241
Charge for year 256
At 31 March 2024 2,497
NET BOOK VALUE
At 31 March 2024 768
At 31 March 2023 1,024

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 676 546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts - 2,179
Social security and other
taxes 23 -
23 2,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 3,089 2,392
Social security and other taxes - 3,419
Directors' current accounts 168 -
Accrued expenses 1,250 1,200
4,507 7,011

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 1 1

David John Barbershop Limited (Registered number: 11255322)

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

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,655
Profit for the year 12,637
Dividends (13,000 )
At 31 March 2024 1,292

10. DIRECTOR'S 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
£    £   
Miss M Childs
Balance outstanding at start of year 2,179 -
Amounts advanced - 2,179
Amounts repaid (2,179 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,179

The debit balance was repaid in full within the year and there was a credit balance of £168 on her account at 31 March 2024. No interest has been charged on the overdrawn amounts.

11. RELATED PARTY DISCLOSURES

During the year Miss M Childs received net dividends from the company £13,000 (2023 - £10,000).