NV Hairdressing Limited 05074330 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is hairdressing. Digita Accounts Production Advanced 6.30.9574.0 true 05074330 2023-04-01 2024-03-31 05074330 2024-03-31 05074330 bus:OrdinaryShareClass1 2024-03-31 05074330 bus:OrdinaryShareClass2 2024-03-31 05074330 bus:OrdinaryShareClass3 2024-03-31 05074330 core:CurrentFinancialInstruments 2024-03-31 05074330 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05074330 core:FurnitureFittingsToolsEquipment 2024-03-31 05074330 core:LandBuildings 2024-03-31 05074330 bus:SmallEntities 2023-04-01 2024-03-31 05074330 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05074330 bus:FilletedAccounts 2023-04-01 2024-03-31 05074330 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05074330 bus:RegisteredOffice 2023-04-01 2024-03-31 05074330 bus:Director2 2023-04-01 2024-03-31 05074330 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05074330 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05074330 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 05074330 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05074330 core:ComputerEquipment 2023-04-01 2024-03-31 05074330 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05074330 core:LandBuildings 2023-04-01 2024-03-31 05074330 core:LeaseholdImprovements 2023-04-01 2024-03-31 05074330 countries:England 2023-04-01 2024-03-31 05074330 2023-03-31 05074330 core:FurnitureFittingsToolsEquipment 2023-03-31 05074330 core:LandBuildings 2023-03-31 05074330 2022-04-01 2023-03-31 05074330 2023-03-31 05074330 bus:OrdinaryShareClass1 2023-03-31 05074330 bus:OrdinaryShareClass2 2023-03-31 05074330 bus:OrdinaryShareClass3 2023-03-31 05074330 core:CurrentFinancialInstruments 2023-03-31 05074330 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05074330 core:FurnitureFittingsToolsEquipment 2023-03-31 05074330 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05074330

NV Hairdressing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

NV Hairdressing Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

NV Hairdressing Limited

Company Information

Director

Mrs NG Jones

Registered office

38 Malins Hall, Middle Floor
High Street
Falmouth
Cornwall
TR11 2AF

Accountants

Harland Accountants
Ground Floor, Unit 3 Southview House
St Austell Enterprise Park
Carclaze Down
St Austell
Cornwall
PL25 4EJ

 

NV Hairdressing Limited

(Registration number: 05074330)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,228

9,434

Current assets

 

Stocks

11,707

11,000

Debtors

7,937

7,362

Cash at bank and in hand

 

69,751

40,118

 

89,395

58,480

Creditors: Amounts falling due within one year

(47,511)

(32,766)

Net current assets

 

41,884

25,714

Total assets less current liabilities

 

49,112

35,148

Provisions for liabilities

(1,373)

(1,793)

Net assets

 

47,739

33,355

Capital and reserves

 

Called up share capital

5

102

102

Retained earnings

47,637

33,253

Shareholders' funds

 

47,739

33,355

 

NV Hairdressing Limited

(Registration number: 05074330)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 June 2024
 

.........................................
Mrs NG Jones
Director

 

NV Hairdressing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
38 Malins Hall, Middle Floor
High Street
Falmouth
Cornwall
TR11 2AF

These financial statements were authorised for issue by the director on 25 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents net sales of goods and services, excluding value added tax.

Government grants

Grant revenue has been recognised in the profit & loss in the period in which it became receivable using the accrual model.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NV Hairdressing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

in accordance with the property

Fixtures, fittings and equipment

20% on reducing balance

Computer equipment

25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

NV Hairdressing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

 

NV Hairdressing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

8,880

36,168

45,048

Additions

-

202

202

At 31 March 2024

8,880

36,370

45,250

Depreciation

At 1 April 2023

8,880

26,734

35,614

Charge for the year

-

2,408

2,408

At 31 March 2024

8,880

29,142

38,022

Carrying amount

At 31 March 2024

-

7,228

7,228

At 31 March 2023

-

9,434

9,434

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary shares A of £1 each

1

1

1

1

Ordinary shares B of £1 each

1

1

1

1

102

102

102

102