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RUSSO HAIRDRESSING LIMITED

Registered Number
07356924
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

RUSSO HAIRDRESSING LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

RUSSO, Michele Terence
RUSSO, Michelle
RUSSO, Romeo

Registered Address

Excel House
3 Duke Street
Bedford
MK40 3HR

Registered Number

07356924 (England and Wales)
RUSSO HAIRDRESSING LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4367,440368,062
367,440368,062
Current assets
Debtors640350
Cash at bank and on hand3,3503,175
3,9903,525
Creditors amounts falling due within one year5(122,740)(170,506)
Net current assets (liabilities)(118,750)(166,981)
Total assets less current liabilities248,690201,081
Accruals and deferred income(1,000)(1,000)
Net assets247,690200,081
Capital and reserves
Called up share capital200200
Profit and loss account247,490199,881
Shareholders' funds247,690200,081
The financial statements were approved and authorised for issue by the Board of Directors on 9 September 2024, and are signed on its behalf by:
RUSSO, Michelle
Director
Registered Company No. 07356924
RUSSO HAIRDRESSING LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Intangible assets
No intangible assets
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
2.Average number of employees

20232022
Average number of employees during the year48
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2325,00025,000
At 31 December 2325,00025,000
Amortisation and impairment
At 01 January 2325,00025,000
At 31 December 2325,00025,000
Net book value
At 31 December 23--
At 31 December 22--
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 23363,3318,90615,953388,190
Additions--392392
At 31 December 23363,3318,90616,345388,582
Depreciation and impairment
At 01 January 23-8,21811,91020,128
Charge for year-1728421,014
At 31 December 23-8,39012,75221,142
Net book value
At 31 December 23363,3315163,593367,440
At 31 December 22363,3316884,043368,062
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables27,26427,203
Bank borrowings and overdrafts47,53153,884
Taxation and social security25,92631,077
Other creditors22,01958,342
Total122,740170,506
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.