Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 OC390993 Mrs Catherine Atherton Miss Rachel Parkinson Rachel Parkinson & Catherine Atherton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC390993 2023-02-28 OC390993 2024-02-28 OC390993 2023-03-01 2024-02-28 OC390993 frs-core:CurrentFinancialInstruments 2024-02-28 OC390993 frs-core:FurnitureFittings 2024-02-28 OC390993 frs-core:FurnitureFittings 2023-03-01 2024-02-28 OC390993 frs-core:FurnitureFittings 2023-02-28 OC390993 frs-core:PlantMachinery 2024-02-28 OC390993 frs-core:PlantMachinery 2023-03-01 2024-02-28 OC390993 frs-core:PlantMachinery 2023-02-28 OC390993 frs-bus:LimitedLiabilityPartnershipLLP 2023-03-01 2024-02-28 OC390993 frs-bus:LimitedLiabilityPartnershipsSORP 2023-03-01 2024-02-28 OC390993 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 OC390993 frs-bus:SmallEntities 2023-03-01 2024-02-28 OC390993 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 OC390993 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 OC390993 1 2023-03-01 2024-02-28 OC390993 frs-countries:EnglandWales 2023-03-01 2024-02-28 OC390993 frs-bus:PartnerLLP1 2023-03-01 2024-02-28 OC390993 frs-bus:PartnerLLP2 2023-03-01 2024-02-28 OC390993 2022-02-28 OC390993 2023-02-28 OC390993 2022-03-01 2023-02-28 OC390993 frs-core:CurrentFinancialInstruments 2023-02-28
Registered number: OC390993
HAIR BY RACHEL LLP
Unaudited Financial Statements
For The Year Ended 28 February 2024
TREVOR HALL ASSOCIATES LIMITED
30 Hamilton Road
Ashton-In-Makerfield
Wigan
WN4 0SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: OC390993
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,014 2,719
3,014 2,719
CURRENT ASSETS
Stocks 5 1,748 2,435
Debtors 6 4,435 2,526
Cash at bank and in hand 1,427 944
7,610 5,905
Creditors: Amounts Falling Due Within One Year 7 (2,000 ) -
NET CURRENT ASSETS (LIABILITIES) 5,610 5,905
TOTAL ASSETS LESS CURRENT LIABILITIES 8,624 8,624
NET ASSETS ATTRIBUTABLE TO MEMBERS 8,624 8,624
REPRESENTED BY:
Loans and other debts due to members within one year
Members' capital classified as a liability 4,208 4,208
4,208 4,208
Equity
Members' other interests
Members' capital 9,111 9,111
Other reserves (4,695) (4,695)
4,416 4,416
8,624 8,624
TOTAL MEMBERS' INTEREST
Amounts due from members (4,435) (2,526)
Loans and other debts due to members within one year 4,208 4,208
Members' other interests 4,416 4,416
4,189 6,098
Page 1
Page 2
For the year ending 28 February 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.
On behalf of the members
Mrs Catherine Atherton
Designated Member
Miss Rachel Parkinson
Designated Member
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
HAIR BY RACHEL LLP is a limited liability partnership, incorporated in England & Wales, registered number OC390993 . The Registered Office is 52 whelley, wigan, lancashire, WN1 3PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the LLP.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25%
Fixtures & Fittings 15%
2.4. 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.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees during the year, including members, during the year was as follows:
2024 2023
Sales, marketing and distribution 1 1
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 1,822 6,097 7,919
Additions 770 - 770
As at 28 February 2024 2,592 6,097 8,689
Depreciation
As at 1 March 2023 836 4,364 5,200
Provided during the period 215 260 475
As at 28 February 2024 1,051 4,624 5,675
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 1,541 1,473 3,014
As at 1 March 2023 986 1,733 2,719
5. Stocks
2024 2023
£ £
Stock 1,748 2,435
6. Debtors
2024 2023
£ £
Due within one year
Amounts due from members 4,435 2,526
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 2,000 -
8. Ultimate Controlling Party
The LLP's ultimate controlling parties are Rachel Parkinson & Catherine Atherton .
Page 4