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Registered number
04966812
Leaf Hairdressing Limited
Unaudited Accounts
for the year ended
31 August 2024
Leaf Hairdressing Limited
Balance Sheet
as at 31 August 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 83,458 92,544
83,458 92,544
Current assets
Stocks 7,500 7,500
Debtors 4 881 2,158
Cash at bank and in hand 24,491 10,751
32,872 20,409
Creditors: amounts falling due within one year 5 (35,904) (34,068)
Net current assets / (liabilities) (3,032) (13,659)
Total assets less current liabilities 80,426 78,885
Creditors: amounts falling due after more than one year 6 (6,478) (15,742)
Provisions for liabilities 7 (8,078) (9,372)
Accruals and deferred income (600) (600)
Total net assets (liabilities) 65,270 53,171
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 65,170 53,071
Shareholders' funds 65,270 53,171

Leaf Hairdressing Limited
Balance Sheet
as at 31 August 2024



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mrs C Caisley

Director


Approved by the board on 21 October 2024

Company Number: 04966812 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

200a Heaton Road
Heaton
Newcastle Upon Tyne
NE6 5HP

Leaf Hairdressing Limited
Notes to the Accounts
for the year ended 31 August 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures & Fittings 20% Reducing Balance
Land & buildings 5% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
Leases and hire purchase contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 5 5

3. Tangible fixed assets
Fixtures & Fittings Land & buildings Total
Cost or valuation £ £ £
At 1 September 2023 124,429 45,493 169,922
Additions 3,818 0 3,818
At 31 August 2024 128,247 45,493 173,740
Depreciation
At 1 September 2023 75,103 2,275 77,378
Charge for the period 10,629 2,275 12,904
At 31 August 2024 85,732 4,550 90,282
Net book value
At 31 August 2024 42,515 40,943 83,458
At 31 August 2023 49,326 43,218 92,544

4. Debtors
2024 2023
£ £
Trade debtors 881 2,158
881 2,158

5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 9,449 16,218
Trade creditors 2,800 2,478
Taxation & social security 23,196 13,681
Other creditors 459 1,691
35,904 34,068

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 6,478 15,742
6,478 15,742

7. Provisions
2024 2023
£ £
Deferred tax 8,078 9,372
8,078 9,372

8. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
100 (2023: 100) Ordinary shares of £1.00 each 100 100
100 100