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REGISTERED NUMBER: 10155924 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAN BARBERSHOP LIMITED

MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)






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


MAN BARBERSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr Z Brookes





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
London
SE9 3TL





REGISTERED NUMBER: 10155924 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co Ltd
Chartered Certified Accountants
4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,276 9,701
7,276 9,701

CURRENT ASSETS
Stocks 1,810 744
Debtors 6 25,021 21,111
Cash at bank 273 3,572
27,104 25,427
CREDITORS
Amounts falling due within one year 7 28,155 25,637
NET CURRENT LIABILITIES (1,051 ) (210 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,225

9,491

CREDITORS
Amounts falling due after more than one year 8 (4,250 ) (7,250 )

PROVISIONS FOR LIABILITIES (1,382 ) (1,843 )
NET ASSETS 593 398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 493 298
SHAREHOLDERS' FUNDS 593 398

MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)

BALANCE SHEET - continued
31 DECEMBER 2023


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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





Mr Z Brookes - Director


MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Man 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 25% on cost
Furnishing & Fittings - 25% on cost

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 18,708
AMORTISATION
At 1 January 2023
and 31 December 2023 18,708
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Furnishing
Leasehold Machinery & Fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1 2,162 40,735 42,898
DEPRECIATION
At 1 January 2023 - 1,740 31,457 33,197
Charge for year - 105 2,320 2,425
At 31 December 2023 - 1,845 33,777 35,622
NET BOOK VALUE
At 31 December 2023 1 317 6,958 7,276
At 31 December 2022 1 422 9,278 9,701

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 920 -
Other debtors 24,101 21,111
25,021 21,111

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 3,000 3,000
Trade creditors 49 144
Amounts owed to associates 4,186 4,529
Taxation and social security 16,588 11,846
Other creditors 4,332 6,118
28,155 25,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 4,250 7,250

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,000 3,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,250 7,250

MAN BARBERSHOP LIMITED (REGISTERED NUMBER: 10155924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. RESERVES
Retained
earnings
£   

At 1 January 2023 298
Profit for the year 33,355
Dividends (33,160 )
At 31 December 2023 493