Company Registration No. 09947500 (England and Wales)
M19 UNISEX HAIRSALON LIMITED
Unaudited accounts
for the year ended 31 December 2023
M19 UNISEX HAIRSALON LIMITED
Unaudited accounts
Contents
M19 UNISEX HAIRSALON LIMITED
Company Information
for the year ended 31 December 2023
Company Number
09947500 (England and Wales)
Registered Office
940 STOCKPORT ROAD
LEVENSHULME
MANCHESTER
M19 3NN
ENGLAND
Accountants
VTax Accountants Ltd
61
Barlow road
Manchester
M19 3DB
M19 UNISEX HAIRSALON LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1,610
4,524
Creditors: amounts falling due within one year
(20,994)
(45,661)
Net current assets
33,555
25,427
Total assets less current liabilities
34,340
25,908
Creditors: amounts falling due after more than one year
(19,987)
(12,994)
Called up share capital
100
100
Profit and loss account
14,253
12,814
Shareholders' funds
14,353
12,914
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Ijaz Ahmed
Director
Company Registration No. 09947500
M19 UNISEX HAIRSALON LIMITED
Notes to the Accounts
for the year ended 31 December 2023
M19 UNISEX HAIRSALON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09947500. The registered office is 940 STOCKPORT ROAD, LEVENSHULME, MANCHESTER, M19 3NN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
980
500
1,480
At 31 December 2023
1,480
500
1,980
At 1 January 2023
703
296
999
Charge for the year
155
41
196
At 31 December 2023
858
337
1,195
At 31 December 2023
622
163
785
At 31 December 2022
277
204
481
M19 UNISEX HAIRSALON LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
52,939
61,939
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
9,981
8,759
Taxes and social security
8,517
8,133
Proposed dividends
-
24,000
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
The balance sheet includes an amount of £52,939 under "Other Debtors," representing a loan provided to the director of the company.
This loan is reflected as an asset in the balance sheet since it represents an amount owed by the director to the company. This transaction has been conducted in accordance with Sections 197 to 214 of the Companies Act 2006, which outline the requirements for loans to directors. The necessary approvals and authorizations were obtained from the company's board/shareholders prior to advancing the loan, as required by law.
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Average number of employees
During the year the average number of employees was 3 (2022: 3).