Registered number
SC247300
Haircomb @ Salon Denis Ltd
Filleted Accounts
31 March 2024
Haircomb @ Salon Denis Ltd
Registered number: SC247300
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 36 48
Current assets
Stocks 500 500
Debtors 4 20,000 11,000
Cash at bank and in hand 4,553 12,578
25,053 24,078
Creditors: amounts falling due within one year 5 (16,169) (12,862)
Net current assets 8,884 11,216
Total assets less current liabilities 8,920 11,264
Creditors: amounts falling due after more than one year 6 (8,297) (10,045)
Net assets 623 1,219
Capital and reserves
Called up share capital 4 4
Profit and loss account 619 1,215
Shareholders' funds 623 1,219
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
G Gourdie-Holmes
Director
Approved by the board on 18 October 2024
Haircomb @ Salon Denis 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 includes 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on a Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,845
At 31 March 2024 5,845
Depreciation
At 1 April 2023 5,797
Charge for the year 12
At 31 March 2024 5,809
Net book value
At 31 March 2024 36
At 31 March 2023 48
4 Debtors 2024 2023
£ £
Other debtors 20,000 11,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,044 6,299
Taxation and social security costs 8,124 6,562
Other creditors 1 1
16,169 12,862
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce Back Loan 8,290 10,032
Other creditors 7 13
8,297 10,045
7 Other information
Haircomb @ Salon Denis Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
251 High Street
Burntisland
Fife
KY3 9AQ
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