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REGISTERED NUMBER: 08370333 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stasi Barber Academy Limited

Stasi Barber Academy Limited (Registered number: 08370333)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stasi Barber Academy Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr A Stasi





SECRETARY: Mrs O Stasi





REGISTERED OFFICE: 92 Powys Lane
Palmers Green
London
N13 4HR





REGISTERED NUMBER: 08370333 (England and Wales)





ACCOUNTANTS: Lakis & Co
Accountants
92 Powys Lane
Palmers Green
London
N13 4HR

Stasi Barber Academy Limited (Registered number: 08370333)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,770 11,903

CURRENT ASSETS
Debtors 5 6,000 6,000
Cash at bank 11,965 17,595
17,965 23,595
CREDITORS
Amounts falling due within one year 6 21,937 26,351
NET CURRENT LIABILITIES (3,972 ) (2,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,798

9,147

CREDITORS
Amounts falling due after more than one
year

7

6,333

8,333
NET ASSETS 3,465 814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,365 714
SHAREHOLDERS' FUNDS 3,465 814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Stasi Barber Academy Limited (Registered number: 08370333)

Statement of Financial Position - continued
31 January 2024


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 1 October 2024 and were signed by:





Mr A Stasi - Director


Stasi Barber Academy Limited (Registered number: 08370333)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Stasi Barber Academy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Plant and machinery etc - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - 1 ) .

Stasi Barber Academy Limited (Registered number: 08370333)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023 18,744
Additions 4,158
At 31 January 2024 22,902
DEPRECIATION
At 1 February 2023 6,841
Charge for year 2,291
At 31 January 2024 9,132
NET BOOK VALUE
At 31 January 2024 13,770
At 31 January 2023 11,903

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 6,000 6,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 21,937 26,351

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 6,333 8,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,333 8,333

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Stasi.

The company is under the ultimate control of Mr A Stasi by virtue of his controlling shareholding in the company.