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REGISTERED NUMBER: 10580804 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

ROXY'S BARBER & TATTOO STUDIO LTD

ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROXY'S BARBER & TATTOO STUDIO LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms S Crammen





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 10580804 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,022 63,987

CURRENT ASSETS
Debtors 5 88 79
Cash at bank 317 279
405 358
CREDITORS
Amounts falling due within one year 6 23,200 22,434
NET CURRENT LIABILITIES (22,795 ) (22,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,227

41,911

CREDITORS
Amounts falling due after more than one
year

7

22,840

26,159
NET ASSETS 17,387 15,752

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 17,287 15,652
17,387 15,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





Ms S Crammen - Director


ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

ROXY'S BARBER & TATTOO STUDIO 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.
Plant and machinery etc - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 60,830 7,646 68,476
DEPRECIATION
At 1 February 2023 - 4,489 4,489
Charge for year - 965 965
At 31 January 2024 - 5,454 5,454
NET BOOK VALUE
At 31 January 2024 60,830 2,192 63,022
At 31 January 2023 60,830 3,157 63,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 88 79

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,734 1,816
Trade creditors 1,596 2,146
Taxation and social security 1,788 2,523
Other creditors 17,082 15,949
23,200 22,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 22,840 26,159

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,924 18,188

ROXY'S BARBER & TATTOO STUDIO LTD (Registered number: 10580804)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 25,574 27,975

The bank loan is secured by a fixed and floating charge over the freehold property.