Registered number
11221008
JAMES MURPHY MENS HAIR LTD
Filleted Accounts
31 March 2024
JAMES MURPHY MENS HAIR LTD
Registered number: 11221008
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,266 -
Current assets
Debtors 4 6,575 10,694
Cash at bank and in hand 1,403 6,564
7,978 17,258
Creditors: amounts falling due within one year 5 (5,393) (11,361)
Net current assets 2,585 5,897
Total assets less current liabilities 3,851 5,897
Creditors: amounts falling due after more than one year 6 (3,713) (4,738)
Net assets 138 1,159
Capital and reserves
Called up share capital 1 1
Profit and loss account 137 1,158
Shareholder's funds 138 1,159
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.
J J Murphy
Director
Approved by the board on 8 October 2024
JAMES MURPHY MENS HAIR 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 represents 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.
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.
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
Additions 1,582
At 31 March 2024 1,582
Depreciation
Charge for the year 316
At 31 March 2024 316
Net book value
At 31 March 2024 1,266
4 Debtors 2024 2023
£ £
Other debtors 6,575 10,694
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,008 1,008
Taxation and social security costs 4,385 10,353
5,393 11,361
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,713 4,738
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J J Murphy
Loan account - 2023 10,694 (10,694) -
Loan account 2024 - 4,688 4,688
10,694 4,688 (10,694) 4,688
8 Other information
JAMES MURPHY MENS HAIR LTD is a private company limited by shares and incorporated in England. Its registered office is:
5A Church Road South
Woolton Village
Liverpool
L25 7RJ
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