Registered number
12469095
Barbersmiths Shoreditch Ltd
Filleted Accounts
31 January 2024
Barbersmiths Shoreditch Ltd
Registered number: 12469095
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,050 2,099
Current assets
Stocks 700 700
Debtors 4 20,332 18,259
Cash at bank and in hand 87,386 67,430
108,418 86,389
Creditors: amounts falling due within one year 5 (28,590) (29,682)
Net current assets 79,828 56,707
Net assets 80,878 58,806
Capital and reserves
Called up share capital 1 1
Profit and loss account 80,877 58,805
Shareholder's funds 80,878 58,806
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Daniel Smith
Director
Approved by the board on 6 October 2024
Barbersmiths Shoreditch Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Computer Equipment over 4 years
Furniture & Fixtures over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 5,246
At 31 January 2024 5,246
Depreciation
At 1 February 2023 3,147
Charge for the year 1,049
At 31 January 2024 4,196
Net book value
At 31 January 2024 1,050
At 31 January 2023 2,099
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 20,013 -
Other debtors 319 18,259
20,332 18,259
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 122
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,576 12,526
Taxation and social security costs 17,623 15,940
Other creditors 1,391 1,094
28,590 29,682
6 Other information
Barbersmiths Shoreditch Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Box 12 Barbersmiths
Bethnal Green Road
London
E1 6GY
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