Registered number
14281747
Laura Wyse Hair Ltd
Filleted Accounts
31 August 2024
Laura Wyse Hair Ltd
Registered number: 14281747
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,660 2,426
Current assets
Stocks 1,500 1,500
Cash at bank and in hand 1,522 2,452
3,022 3,952
Creditors: amounts falling due within one year 4 (14,563) (17,833)
Net current liabilities (11,541) (13,881)
Net liabilities (8,881) (11,455)
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,882) (11,456)
Shareholder's funds (8,881) (11,455)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
L Wyse
Director
Approved by the board on 8 November 2024
Laura Wyse Hair Ltd
Notes to the Accounts
for the year ended 31 August 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 services within a hair and beauty salon
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 by 20% reducing balance method
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.
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 asset is recognised in respect of a tax loss that can be carried forwards to be recovered against profit in a future period where applicable.
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 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 2,910
Additions 778
At 31 August 2024 3,688
Depreciation
At 1 September 2023 484
Charge for the year 544
At 31 August 2024 1,028
Net book value
At 31 August 2024 2,660
At 31 August 2023 2,426
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 1,036
Other creditors 14,563 16,797
14,563 17,833
5 Other information
Laura Wyse Hair Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
England
N1 7GU
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