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REGISTERED NUMBER: 11042605 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

APG Salons Ltd

APG Salons Ltd (Registered number: 11042605)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APG Salons Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: A Garlington





REGISTERED OFFICE: 7 Soundwell Road
Staple Hill
Bristol
BS16 4QG





REGISTERED NUMBER: 11042605 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

APG Salons Ltd (Registered number: 11042605)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,645 3,527

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 24,078 -
Cash at bank and in hand 10,117 49,743
39,195 54,743
CREDITORS
Amounts falling due within one year 6 25,951 43,676
NET CURRENT ASSETS 13,244 11,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,889

14,594

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 15,789 14,494
15,889 14,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 18 September 2024 and were signed by:





A Garlington - Director


APG Salons Ltd (Registered number: 11042605)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

APG Salons Ltd 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.

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 (2022 - 1 ) .

APG Salons Ltd (Registered number: 11042605)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 3,239 3,368 6,607
DEPRECIATION
At 1 December 2022 2,238 842 3,080
Charge for year 250 632 882
At 30 November 2023 2,488 1,474 3,962
NET BOOK VALUE
At 30 November 2023 751 1,894 2,645
At 30 November 2022 1,001 2,526 3,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' current accounts 24,078 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 14,002
Trade creditors - 1,442
Tax 7,267 9,274
Social security and other taxes - (203 )
VAT 8,184 -
Directors' current accounts - 17,995
Accruals and deferred income 500 1,166
25,951 43,676

7. RESERVES
Retained
earnings
£   

At 1 December 2022 14,494
Profit for the year 30,295
Dividends (29,000 )
At 30 November 2023 15,789

APG Salons Ltd (Registered number: 11042605)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Director
Aidan Garlington

20232022

Dividends29,00020,000

At the year end the Director owed the company £24,079 (2022 - company owed director £17,995). This was repaid to the company within nine months of the year end.