Q Hair & Beauty (Donnington) Ltd 11494326 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is hairdressing and other beauty Digita Accounts Production Advanced 6.30.9574.0 true true 11494326 2023-04-01 2024-03-31 11494326 2024-03-31 11494326 bus:Director1 1 2024-03-31 11494326 bus:Director2 1 2024-03-31 11494326 bus:OrdinaryShareClass1 2024-03-31 11494326 core:CurrentFinancialInstruments 2024-03-31 11494326 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11494326 core:Non-currentFinancialInstruments 2024-03-31 11494326 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 11494326 core:FurnitureFittingsToolsEquipment 2024-03-31 11494326 core:LandBuildings 2024-03-31 11494326 bus:SmallEntities 2023-04-01 2024-03-31 11494326 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11494326 bus:FilletedAccounts 2023-04-01 2024-03-31 11494326 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11494326 bus:RegisteredOffice 2023-04-01 2024-03-31 11494326 bus:Director1 2023-04-01 2024-03-31 11494326 bus:Director1 1 2023-04-01 2024-03-31 11494326 bus:Director2 2023-04-01 2024-03-31 11494326 bus:Director2 1 2023-04-01 2024-03-31 11494326 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11494326 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11494326 bus:Agent1 2023-04-01 2024-03-31 11494326 core:FurnitureFittings 2023-04-01 2024-03-31 11494326 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11494326 core:LandBuildings 2023-04-01 2024-03-31 11494326 core:LeaseholdImprovements 2023-04-01 2024-03-31 11494326 countries:England 2023-04-01 2024-03-31 11494326 2023-03-31 11494326 bus:Director1 1 2023-03-31 11494326 bus:Director2 1 2023-03-31 11494326 core:FurnitureFittingsToolsEquipment 2023-03-31 11494326 core:LandBuildings 2023-03-31 11494326 2022-04-01 2023-03-31 11494326 2023-03-31 11494326 bus:Director1 1 2023-03-31 11494326 bus:Director2 1 2023-03-31 11494326 bus:OrdinaryShareClass1 2023-03-31 11494326 core:CurrentFinancialInstruments 2023-03-31 11494326 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11494326 core:Non-currentFinancialInstruments 2023-03-31 11494326 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11494326 core:FurnitureFittingsToolsEquipment 2023-03-31 11494326 core:LandBuildings 2023-03-31 11494326 bus:Director1 1 2022-04-01 2023-03-31 11494326 bus:Director2 1 2022-04-01 2023-03-31 11494326 bus:Director1 1 2022-03-31 11494326 bus:Director2 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11494326

Q Hair & Beauty (Donnington) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Q Hair & Beauty (Donnington) Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Q Hair & Beauty (Donnington) Ltd

Company Information

Directors

D Lawrence

A Barnes-Smith

Registered office

Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

Accountants

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Q Hair & Beauty (Donnington) Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Q Hair & Beauty (Donnington) Ltd for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Q Hair & Beauty (Donnington) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Q Hair & Beauty (Donnington) Ltd and state those matters that we have agreed to state to the Board of Directors of Q Hair & Beauty (Donnington) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Q Hair & Beauty (Donnington) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Q Hair & Beauty (Donnington) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Q Hair & Beauty (Donnington) Ltd. You consider that Q Hair & Beauty (Donnington) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Q Hair & Beauty (Donnington) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

11 October 2024

 

Q Hair & Beauty (Donnington) Ltd

(Registration number: 11494326)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,509

24,938

Current assets

 

Stocks

5

7,867

6,013

Debtors

6

8,687

5,811

Cash at bank and in hand

 

4,265

3,130

 

20,819

14,954

Creditors: Amounts falling due within one year

7

(83,999)

(80,057)

Net current liabilities

 

(63,180)

(65,103)

Total assets less current liabilities

 

(42,671)

(40,165)

Creditors: Amounts falling due after more than one year

7

(5,833)

(10,833)

Net liabilities

 

(48,504)

(50,998)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(48,604)

(51,098)

Shareholders' deficit

 

(48,504)

(50,998)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

.........................................
D Lawrence
Director

 

Q Hair & Beauty (Donnington) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY

These financial statements were authorised for issue by the Board on 11 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% Reducing balance

Leasehold

10 Years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Q Hair & Beauty (Donnington) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Q Hair & Beauty (Donnington) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

27,535

24,431

51,966

At 31 March 2024

27,535

24,431

51,966

Depreciation

At 1 April 2023

13,769

13,259

27,028

Charge for the year

2,754

1,675

4,429

At 31 March 2024

16,523

14,934

31,457

Carrying amount

At 31 March 2024

11,012

9,497

20,509

At 31 March 2023

13,766

11,172

24,938

Included within the net book value of land and buildings above is £11,012 (2023 - £13,765) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

7,867

6,013

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

995

539

Amounts owed by related parties

10

6,380

4,447

Prepayments

 

1,312

825

   

8,687

5,811

 

Q Hair & Beauty (Donnington) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

5,000

5,001

Trade creditors

 

1,999

1,277

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

12,790

5,100

Taxation and social security

 

-

1,916

Accruals and deferred income

 

1,520

1,678

Other creditors

 

62,690

65,085

 

83,999

80,057

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

5,833

10,833

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,833

10,833

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,000

5,001

 

Q Hair & Beauty (Donnington) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

D Lawrence

Balance owed to director

2,500

(2,500)

-

A Barnes-Smith

Balance owed to director

61,500

-

61,500

2023

At 1 April 2022
£

At 31 March 2023
£

D Lawrence

Balance owed to director

2,500

2,500

A Barnes-Smith

Balance owed to director

61,500

61,500