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REGISTERED NUMBER: SC492900 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Peckham Hair & Cosmetic Ltd

Peckham Hair & Cosmetic Ltd (Registered number: SC492900)






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


Peckham Hair & Cosmetic Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Ahmed





REGISTERED OFFICE: 68 Lumloch Drive
Bishopbriggs
Glasgow
G64 1GS





REGISTERED NUMBER: SC492900 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Peckham Hair & Cosmetic Ltd (Registered number: SC492900)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,156 19,906

CURRENT ASSETS
Stocks 5 80,606 120,183
Cash at bank and in hand 1,040 3,361
81,646 123,544
CREDITORS
Amounts falling due within one year 6 73,038 95,328
NET CURRENT ASSETS 8,608 28,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,764

48,122

CREDITORS
Amounts falling due after more than one
year

7

24,167

34,167
NET ASSETS 3,597 13,955

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 3,497 13,855
SHAREHOLDERS' FUNDS 3,597 13,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Peckham Hair & Cosmetic Ltd (Registered number: SC492900)

Balance Sheet - continued
31 December 2023


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 26 March 2024 and were signed on its behalf by:





S.Z Sindho - Director


Peckham Hair & Cosmetic Ltd (Registered number: SC492900)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Peckham Hair & Cosmetic Ltd is a private company, limited by shares , registered in Scotland. 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 - 15% on reducing balance
Computer equipment - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 14,900 11,721 2,955 29,576
DEPRECIATION
At 1 January 2023 - 7,904 1,766 9,670
Charge for year - 572 178 750
At 31 December 2023 - 8,476 1,944 10,420
NET BOOK VALUE
At 31 December 2023 14,900 3,245 1,011 19,156
At 31 December 2022 14,900 3,817 1,189 19,906

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 80,606 120,183

Peckham Hair & Cosmetic Ltd (Registered number: SC492900)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 8) 16,509 16,750
Trade creditors 4,888 48,659
Tax - 8,426
Social security and other taxes 2,655 1,559
VAT 22,857 8,328
Accrued expenses 26,129 11,606
73,038 95,328

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 8) 24,167 34,167

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 16,509 16,750

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,167 34,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 13,855
Deficit for the year (4,498 )
Dividends (5,860 )
At 31 December 2023 3,497