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REGISTERED NUMBER: 08388960 (England and Wales)















SALON NO 5 LIMITED

Unaudited Financial Statements For The Year Ended 29 February 2024






SALON NO 5 LIMITED (REGISTERED NUMBER: 08388960)






Contents of the Financial Statements
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

SALON NO 5 LIMITED

Company Information
For The Year Ended 29 February 2024







DIRECTOR: Mrs R S Davison





SECRETARY:





REGISTERED OFFICE: 5 PHOENIX YARD
BRIDGE STREET
MORPETH
Northumberland
NE61 1PQ





REGISTERED NUMBER: 08388960 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

SALON NO 5 LIMITED (REGISTERED NUMBER: 08388960)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 726 967

CURRENT ASSETS
Debtors 5 2,719 1,021
Cash at bank and in hand 1,828 4,394
4,547 5,415
CREDITORS
Amounts falling due within one year 6 2,589 6,174
NET CURRENT ASSETS/(LIABILITIES) 1,958 (759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,684

208

PROVISIONS FOR LIABILITIES 8 19 38
NET ASSETS 2,665 170

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,664 169
SHAREHOLDERS' FUNDS 2,665 170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 20 November 2024 and were signed by:



Mrs R S Davison - Director


SALON NO 5 LIMITED (REGISTERED NUMBER: 08388960)

Notes to the Financial Statements
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

Salon No 5 Limited 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax (using the flat rate scheme for hair dressers) and represents the total receivable by the company. The revenue is recognised on receipt of payment.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 1,609 6,211 766 8,586
DEPRECIATION
At 1 March 2023 1,483 5,470 666 7,619
Charge for year 31 185 25 241
At 29 February 2024 1,514 5,655 691 7,860
NET BOOK VALUE
At 29 February 2024 95 556 75 726
At 28 February 2023 126 741 100 967

SALON NO 5 LIMITED (REGISTERED NUMBER: 08388960)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,719 1,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 942
Taxation and social security (2,241 ) 1,369
Other creditors 4,830 3,863
2,589 6,174

7. SECURED DEBTS

The bank overdraft facility made available to the company is secured by way of a Director's personal guarantee.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19 38

Deferred
tax
£   
Balance at 1 March 2023 38
Provided during year (19 )
Balance at 29 February 2024 19

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

SALON NO 5 LIMITED

Report of the Accountants to the Director of
Salon No 5 Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages two to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


20 November 2024