Registered number
12967415
My Barber Ibrahim Ltd
Filleted Accounts
31 August 2024
My Barber Ibrahim Ltd
Registered number: 12967415
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 12,412 -
Cash at bank and in hand 1,940 1,924
14,352 1,924
Creditors: amounts falling due within one year 4 (13,238) (1,208)
Net current assets 1,114 716
Net assets 1,114 716
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,014 616
Shareholders' funds 1,114 716
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Ibrahim Halil TEKAGAC
Director
Approved by the board on 7 November 2024
My Barber Ibrahim Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2024 2023
£ £
Other debtors 12,412 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,192 -
Taxation and social security costs 1,512 1,208
Other creditors 7,534 -
13,238 1,208
5 Controlling party
Ibrahim Halil TEKAGAC, a company director controls the company by virtue of holding 95% of the issued share capital. Vakkas Taghan holds 5% of the remaining shareholding.
6 Other information
My Barber Ibrahim Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
My Barber Ibrahim Ltd 12967415 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Ibrahim Halil TEKAGAC No description of principal activity 12967415 2022-09-01 2023-08-31 12967415 core:WithinOneYear 2023-08-31 12967415 core:ShareCapital 2023-08-31 12967415 core:RetainedEarningsAccumulatedLosses 2023-08-31 12967415 2023-09-01 2024-08-31 12967415 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12967415 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12967415 bus:Director40 2023-09-01 2024-08-31 12967415 countries:England 2023-09-01 2024-08-31 12967415 bus:FRS102 2023-09-01 2024-08-31 12967415 bus:FilletedAccounts 2023-09-01 2024-08-31 12967415 2024-08-31 12967415 core:WithinOneYear 2024-08-31 12967415 core:ShareCapital 2024-08-31 12967415 core:RetainedEarningsAccumulatedLosses 2024-08-31 12967415 2023-08-31 iso4217:GBP xbrli:pure