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REGISTERED NUMBER: 09385786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROSSER HAIRDRESSING LTD

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROSSER HAIRDRESSING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss B C Rosser





REGISTERED OFFICE: 568 Aigburth Road
Cressington
Liverpool
L19 3QG





REGISTERED NUMBER: 09385786 (England and Wales)





ACCOUNTANTS: Coburn McKenna - Chartered Accountants
81-83a Allerton Road
Liverpool
Merseyside
L18 2DA

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 102,655 117,875

CURRENT ASSETS
Stocks 28,120 60,000
Debtors 5 149,878 51,105
Cash at bank and in hand 168,094 161,161
346,092 272,266
CREDITORS
Amounts falling due within one year 6 70,156 51,074
NET CURRENT ASSETS 275,936 221,192
TOTAL ASSETS LESS CURRENT LIABILITIES 378,591 339,067

CREDITORS
Amounts falling due after more than one
year

7

(58,261

)

(57,465

)

PROVISIONS FOR LIABILITIES (20,640 ) (23,776 )
NET ASSETS 299,690 257,826

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 299,680 257,816
SHAREHOLDERS' FUNDS 299,690 257,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





Miss B C Rosser - Director


ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rosser Hairdressing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Fixtures and equipment - 20% on cost
Computer equipment - straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2023 37,588 83,236 37,624 4,061 162,509
Additions - 562 36,130 2,210 38,902
Disposals - - (37,624 ) - (37,624 )
At 31 March 2024 37,588 83,798 36,130 6,271 163,787
DEPRECIATION
At 1 April 2023 5,027 30,223 6,271 3,113 44,634
Charge for year 3,759 16,175 8,077 1,028 29,039
Eliminated on disposal - - (12,541 ) - (12,541 )
At 31 March 2024 8,786 46,398 1,807 4,141 61,132
NET BOOK VALUE
At 31 March 2024 28,802 37,400 34,323 2,130 102,655
At 31 March 2023 32,561 53,013 31,353 948 117,875

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 April 2023 37,624
Additions 36,130
Disposals (37,624 )
At 31 March 2024 36,130
DEPRECIATION
At 1 April 2023 6,271
Charge for year 8,077
Eliminated on disposal (12,541 )
At 31 March 2024 1,807
NET BOOK VALUE
At 31 March 2024 34,323
At 31 March 2023 31,353

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 149,878 51,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 4,485 6,027
Trade creditors 7,568 5,027
Taxation and social security 47,651 30,215
Other creditors 4,896 4,249
70,156 51,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 28,703 34,259
Hire purchase contracts 29,558 23,206
58,261 57,465

ROSSER HAIRDRESSING LTD (REGISTERED NUMBER: 09385786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans after five years 6,481 12,037

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Miss B C Rosser
Balance outstanding at start of year - -
Amounts advanced 13,068 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,068 -

Advances were subject to interest at 2.25% per annum and repayable on demand.

9. RELATED PARTY DISCLOSURES

At the reporting date, an amount of £50,512 (2023: £50,512) was due from a company under common control of the director. The advance is interest-free and unsecured.