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Company Registration No. 12480028 (England and Wales)
Blackwood Barber Co. Ltd Unaudited accounts for the year ended 29 February 2024
Blackwood Barber Co. Ltd Unaudited accounts Contents
Page
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Blackwood Barber Co. Ltd Company Information for the year ended 29 February 2024
Director
N J Allen
Company Number
12480028 (England and Wales)
Registered Office
340 Hollinwood Avenue Manchester M40 0JB England
Accountants
Summed Up Accountancy Services 74 Ashton Road Failsworth Manchester M35 9WL
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Blackwood Barber Co. Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,279 
4,406 
Current assets
Inventories
6,279 
6,379 
Debtors
24,232 
17,858 
Cash at bank and in hand
1,963 
5,603 
32,474 
29,840 
Creditors: amounts falling due within one year
(18,169)
(14,638)
Net current assets
14,305 
15,202 
Total assets less current liabilities
16,584 
19,608 
Creditors: amounts falling due after more than one year
(15,897)
(18,610)
Provisions for liabilities
Deferred tax
(653)
(827)
Net assets
34 
171 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
33 
170 
Shareholders' funds
34 
171 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
N J Allen Director Company Registration No. 12480028
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Blackwood Barber Co. Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Blackwood Barber Co. Ltd is a private company, limited by shares, registered in England and Wales, registration number 12480028. The registered office is 340 Hollinwood Avenue, Manchester, M40 0JB, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Blackwood Barber Co. Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
7,563 
644 
8,207 
Additions
(1,158)
- 
(1,158)
At 29 February 2024
6,405 
644 
7,049 
Depreciation
At 1 March 2023
3,266 
535 
3,801 
Charge for the year
860 
109 
969 
At 29 February 2024
4,126 
644 
4,770 
Net book value
At 29 February 2024
2,279 
- 
2,279 
At 28 February 2023
4,297 
109 
4,406 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
134 
Other debtors
24,232 
17,724 
24,232 
17,858 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,718 
2,721 
VAT
4,381 
2,952 
Taxes and social security
9,212 
8,965 
Other creditors
3 
- 
Accruals
1,855 
- 
18,169 
14,638 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,897 
18,610 
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Blackwood Barber Co. Ltd Notes to the Accounts for the year ended 29 February 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
N J Allen
Directors loan account
15,724 
33,466 
29,428 
19,762 
15,724 
33,466 
29,428 
19,762 
Loans to directors include cash deposits and withdrawls, credited remuneration and dividends. Directors loans were repaid with taxable income within 9 months of the year end.
9
Transactions with related parties
Directors loans are repayable on demand. Interest is charged on balances over £10,000 at HMRC's official rate.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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