Acorah Software Products - Accounts Production 16.0.110 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08592010 Mrs Maria Foster-Rodriguez Mrs Nicola Gee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08592010 2022-11-30 08592010 2023-11-30 08592010 2022-12-01 2023-11-30 08592010 frs-core:CurrentFinancialInstruments 2023-11-30 08592010 frs-core:PlantMachinery 2023-11-30 08592010 frs-core:PlantMachinery 2022-12-01 2023-11-30 08592010 frs-core:PlantMachinery 2022-11-30 08592010 frs-core:ShareCapital 2023-11-30 08592010 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08592010 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08592010 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08592010 frs-bus:SmallEntities 2022-12-01 2023-11-30 08592010 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08592010 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08592010 frs-bus:Director1 2022-12-01 2023-11-30 08592010 frs-bus:Director2 2022-12-01 2023-11-30 08592010 frs-countries:EnglandWales 2022-12-01 2023-11-30 08592010 2021-11-30 08592010 2022-11-30 08592010 2021-12-01 2022-11-30 08592010 frs-core:CurrentFinancialInstruments 2022-11-30 08592010 frs-core:ShareCapital 2022-11-30 08592010 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Style Salon 41 Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
D & K Accountancy Services
Solar House
915 High Road
London
N12 8QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08592010
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,076 10,076
10,076 10,076
CURRENT ASSETS
Debtors 5 29,006 29,006
Cash at bank and in hand 10,369 10,369
39,375 39,375
Creditors: Amounts Falling Due Within One Year 6 (19,124 ) (19,124 )
NET CURRENT ASSETS (LIABILITIES) 20,251 20,251
TOTAL ASSETS LESS CURRENT LIABILITIES 30,327 30,327
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,687 ) (2,687 )
NET ASSETS 27,640 27,640
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 27,638 27,638
SHAREHOLDERS' FUNDS 27,640 27,640
Page 1
Page 2
For the year ending 30 November 2023 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.
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 Gee
Director
29/11/2024
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
Style Salon 41 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08592010 . The registered office is 78 High Street, Bushey, WD23 3HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 20% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 reporting period.
Deferred tax is recognised on 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 temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 4
1 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2022 20,602
As at 30 November 2023 20,602
Depreciation
As at 1 December 2022 10,526
As at 30 November 2023 10,526
Net Book Value
As at 30 November 2023 10,076
As at 1 December 2022 10,076
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 4,774 4,774
Other debtors 24,232 24,232
29,006 29,006
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Corporation tax 11,030 11,030
Other taxes and social security 1,193 1,193
Net wages 2,248 2,248
Accruals and deferred income 4,500 4,500
Directors' loan accounts 154 154
19,124 19,124
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4