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Registered number: 11057826
Daniel Gray Hair & Beauty Team Kendal Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11057826
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,549 24,919
21,549 24,919
CURRENT ASSETS
Stocks 5 66,352 59,317
Debtors 6 67,640 70,029
Investments 7 6,955 -
Cash at bank and in hand 76,058 94,926
217,005 224,272
Creditors: Amounts Falling Due Within One Year 8 (113,088 ) (110,748 )
NET CURRENT ASSETS (LIABILITIES) 103,917 113,524
TOTAL ASSETS LESS CURRENT LIABILITIES 125,466 138,443
Creditors: Amounts Falling Due After More Than One Year 9 (16,667 ) (35,387 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,387 ) (4,859 )
NET ASSETS 103,412 98,197
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 103,411 98,196
SHAREHOLDERS' FUNDS 103,412 98,197
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Nicola Tomlinson
Director
23/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Daniel Gray Hair & Beauty Team Kendal Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11057826 . The registered office is Meadowbank House, Meadowbank Business Park, Kendal, Cumbria, LA9 6NY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Bank interest received is recognised when it is credited to the bank account.
Receipts of grant income  in respect of revenue items are recognised when they are received 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on the taxable profit for the year. Taxable profit differs from reported  in the profit and loss account because of items of income or expenses that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the accouting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that is probable that taxable profits will be available  against which those deductible timing differences an be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current and deferred tax for the period  is recognised in profit or loss.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and Loss Account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 24)
21 24
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 7,965 36,396 1,056 45,417
Additions 284 - 150 434
As at 30 June 2024 8,249 36,396 1,206 45,851
Depreciation
As at 1 July 2023 3,702 16,638 158 20,498
Provided during the period 683 2,962 159 3,804
As at 30 June 2024 4,385 19,600 317 24,302
Net Book Value
As at 30 June 2024 3,864 16,796 889 21,549
As at 1 July 2023 4,263 19,758 898 24,919
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5. Stocks
2024 2023
£ £
Stock 66,352 59,317
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140 -
Other debtors 67,500 70,029
67,640 70,029
7. Current Asset Investments
2024 2023
£ £
Listed investments 6,955 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,321 13,343
Bank loans and overdrafts 20,000 20,000
Other creditors 29,796 31,516
Taxation and social security 41,971 45,889
113,088 110,748
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,667 35,387
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 36,667 55,387
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 16,162 -
16,162 -
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