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REGISTERED NUMBER: 09454191 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

The Barber Shop Abergavenny Ltd

The Barber Shop Abergavenny Ltd (Registered number: 09454191)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Barber Shop Abergavenny Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs J M Jones





REGISTERED OFFICE: Unit 4
Westwood Industrial Estate
Pontrilas
Hereford
Herefordshire
HR2 0EL





REGISTERED NUMBER: 09454191 (England and Wales)





ACCOUNTANTS: Golden Valley Accountancy Limited
Unit 4
Westwood Industrial Estate
Pontrilas
Herefordshire
HR2 0EL

The Barber Shop Abergavenny Ltd (Registered number: 09454191)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,600 173,711

CURRENT ASSETS
Stocks 1,500 1,000
Debtors 5 - 149
Cash at bank 46,295 49,865
47,795 51,014
CREDITORS
Amounts falling due within one year 6 21,980 21,928
NET CURRENT ASSETS 25,815 29,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,415

202,797

CREDITORS
Amounts falling due after more than
one year

7

76,915

83,193
NET ASSETS 123,500 119,604

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 123,400 119,504
SHAREHOLDERS' FUNDS 123,500 119,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Barber Shop Abergavenny Ltd (Registered number: 09454191)

Balance Sheet - continued
29 February 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 14 October 2024 and were signed by:





Mrs J M Jones - Director


The Barber Shop Abergavenny Ltd (Registered number: 09454191)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Barber Shop Abergavenny Ltd 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.

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
Turnover 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.
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

The Barber Shop Abergavenny Ltd (Registered number: 09454191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 171,838 3,364 175,202
Additions - 1,580 1,580
At 29 February 2024 171,838 4,944 176,782
DEPRECIATION
At 1 March 2023 - 1,491 1,491
Charge for year - 691 691
At 29 February 2024 - 2,182 2,182
NET BOOK VALUE
At 29 February 2024 171,838 2,762 174,600
At 28 February 2023 171,838 1,873 173,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 89
Other debtors - 60
- 149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 8,189 8,189
Trade creditors 19 -
Taxation and social security 10,803 10,834
Other creditors 2,969 2,905
21,980 21,928

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 76,915 83,193

The Barber Shop Abergavenny Ltd (Registered number: 09454191)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,915 83,193

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100