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Company Registration No. 12325361 (England and Wales)
Studio Hair 74 (dogsthorpe) Limited Unaudited accounts for the year ended 31 March 2024
Studio Hair 74 (dogsthorpe) Limited Unaudited accounts Contents
Page
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Studio Hair 74 (dogsthorpe) Limited Company Information for the year ended 31 March 2024
Directors
Miss M Seath Miss K Seath
Company Number
12325361 (England and Wales)
Accountants
LeeP Accountants Unit 3F Forward Hs, Aston Business Park Shrewsbury Avenue, Woodston Peterborough Cambridgeshire PE2 7EY
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Studio Hair 74 (dogsthorpe) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
6,991 
Tangible assets
- 
3,679 
- 
10,670 
Current assets
Inventories
- 
4,700 
Debtors
- 
200 
Cash at bank and in hand
23,186 
53,263 
23,186 
58,163 
Creditors: amounts falling due within one year
(6,779)
(40,783)
Net current assets
16,407 
17,380 
Total assets less current liabilities
16,407 
28,050 
Creditors: amounts falling due after more than one year
(25,759)
(38,145)
Net liabilities
(9,352)
(10,095)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,452)
(10,195)
Shareholders' funds
(9,352)
(10,095)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
Miss M Seath Director Company Registration No. 12325361
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Studio Hair 74 (dogsthorpe) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Studio Hair 74 (dogsthorpe) Limited is a private company, limited by shares, registered in England and Wales, registration number 12325361.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
10,530 
Disposals
(10,530)
At 31 March 2024
- 
Amortisation
At 1 April 2023
3,539 
On disposals
(3,539)
At 31 March 2024
- 
Net book value
At 31 March 2024
- 
At 31 March 2023
6,991 
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Studio Hair 74 (dogsthorpe) Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
6,215 
2,022 
8,237 
Disposals
(6,215)
(2,022)
(8,237)
At 31 March 2024
- 
- 
- 
Depreciation
At 1 April 2023
3,227 
1,331 
4,558 
On disposals
(3,227)
(1,331)
(4,558)
At 31 March 2024
- 
- 
- 
Net book value
At 31 March 2024
- 
- 
- 
At 31 March 2023
2,988 
691 
3,679 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
200 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
3,665 
Trade creditors
- 
207 
Taxes and social security
(1,086)
483 
Loans from directors
7,365 
31,428 
Accruals
500 
5,000 
6,779 
40,783 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
22,500 
Other creditors
25,759 
15,645 
25,759 
38,145 
9
Average number of employees
During the year the average number of employees was 5 (2023: 7).
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