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REGISTERED NUMBER: 01849351 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

K H ARNOLD LIMITED

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2024

28/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,039 116,575

CURRENT ASSETS
Stocks 20,817 22,703
Debtors 5 145,807 180,033
Cash at bank and in hand 49,706 34,344
216,330 237,080
CREDITORS
Amounts falling due within one year 6 101,410 64,132
NET CURRENT ASSETS 114,920 172,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,959

289,523

CREDITORS
Amounts falling due after more than one year 7 32,533 38,261
NET ASSETS 191,426 251,262

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 190,426 250,262
SHAREHOLDERS' FUNDS 191,426 251,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mrs D E Bramhall - Director


K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024

1. STATUTORY INFORMATION

K H Arnold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01849351

Registered office: 10-14 High Street
Arnold
Nottingham
Nottinghamshire
NG5 7DZ

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the net sales of hair dressing services and related products provided in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 4% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 297,828 102,259 6,530 406,617
Additions - 4,961 625 5,586
At 28 February 2024 297,828 107,220 7,155 412,203
DEPRECIATION
At 1 March 2023 183,159 101,575 5,308 290,042
Charge for year 11,913 776 433 13,122
At 28 February 2024 195,072 102,351 5,741 303,164
NET BOOK VALUE
At 28 February 2024 102,756 4,869 1,414 109,039
At 28 February 2023 114,669 684 1,222 116,575

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Amounts owed by group undertakings 142,851 178,404
Other debtors 2,956 1,629
145,807 180,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Bank loans and overdrafts 5,727 5,586
Trade creditors 4,917 9,611
Taxation and social security 53,799 32,831
Other creditors 36,967 16,104
101,410 64,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/24 28/2/23
£    £   
Bank loans 32,533 38,261

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,138 14,468

8. LEASING AGREEMENTS
At the balance sheet date the company was committed to making further lease payments for the leasehold property amounting to £75,000 (2023: £87,500).

K H ARNOLD LIMITED (REGISTERED NUMBER: 01849351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/24 28/2/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is K H A Holdings Limited.

The ultimate controlling party is the director.