Sandra Harvey Hairdressing Ltd |
Registered number: |
SC445712 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Intangible assets |
3 |
|
|
9,928 |
|
|
10,638 |
|
Current assets |
Stocks |
|
|
3,000 |
|
|
3,000 |
Debtors |
4 |
|
3,445 |
|
|
3,445 |
Cash at bank and in hand |
|
|
- |
|
|
1 |
|
|
|
6,445 |
|
|
6,446 |
|
Creditors: amounts falling due within one year |
5 |
|
(10,839) |
|
|
(10,300) |
|
Net current liabilities |
|
|
|
(4,394) |
|
|
(3,854) |
|
Total assets less current liabilities |
|
|
|
5,534 |
|
|
6,784 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(5,500) |
|
|
(6,750) |
|
|
|
Net assets |
|
|
|
34 |
|
|
34 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
10 |
|
|
10 |
Profit and loss account |
|
|
|
24 |
|
|
24 |
|
Shareholders' funds |
|
|
|
34 |
|
|
34 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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. |
|
|
|
|
Sandra Mackay |
Director |
Approved by the board on 26 August 2024 |
|
Sandra Harvey Hairdressing Ltd |
Notes to the Accounts |
for the year ended 31 March 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2023 |
17,739 |
|
At 31 March 2024 |
17,739 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2023 |
7,101 |
|
Provided during the year |
710 |
|
At 31 March 2024 |
7,811 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
9,928 |
|
At 31 March 2023 |
10,638 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Other debtors |
3,445 |
|
3,445 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
4,079 |
|
4,646 |
|
Taxation and social security costs |
8,671 |
|
13,783 |
|
Other creditors |
(1,911) |
|
(8,129) |
|
|
|
|
|
|
10,839 |
|
10,300 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
5,500 |
|
6,750 |
|
|
|
|
|
|
|
|
|
|
7 |
Related party transactions |
|
|
During the year under review the director, Mrs Sandra Mackay, has taken a loan from the company, the balance of which is as stated under Note 5. This will be repaid when she has sufficient funds available. |
|
Dividends as stated under the Statement of Changes in Equity were paid in the year to Mrs Sandra Mackay the sole shareholder. |
|
8 |
Controlling party |
|
|
The ultimate controlling party is the director, Mrs Sandra Mackay, who holds 100% of the called up share capital. |
|
|
9 |
Other information |
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Sandra Harvey Hairdressing Ltd is a private company limited by shares and incorporated in England. Its registered office is: |