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Registered number: 07616794

Cutting Room (The Salon) Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Cutting Room (The Salon) Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
A Rands
REGISTERED OFFICE
135 Bawtry Road
Wickersley
Rotherham
South Yorkshire
S66 2BW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07616794
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Cutting Room (The Salon) Ltd

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Cutting Room (The Salon) Ltd

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets48,0177,250
CURRENT ASSETS
Stock2,5002,500
Debtors6917771
Cash at bank and in hand29,32528,875
32,74232,146
CREDITORS: Amounts falling due within one year719,29823,400
NET CURRENT ASSETS13,4448,746
TOTAL ASSETS LESS CURRENT LIABILITIES21,46115,996
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account21,45115,986
SHAREHOLDERS' FUNDS21,46115,996
For the year ending 30/04/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/12/2024 and signed on their behalf by
.............................
A Rands
Director

Cutting Room (The Salon) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Cutting Room (The Salon) Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees67
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/05/202310,00010,000
At 30/04/202410,00010,000
Depreciation
At 01/05/202310,00010,000
At 30/04/202410,00010,000
Net Book Amounts
At 30/04/2024--
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/05/202325,0123,10928,121
Additions2492,4512,700
Disposals(407)-(407)
At 30/04/202424,8545,56030,414
Depreciation
At 01/05/202318,0452,82620,871
Disposals(210)-(210)
For the year1,0536831,736
At 30/04/202418,8883,50922,397
Net Book Amounts
At 30/04/20245,9662,0518,017
At 30/04/20236,9672837,250

Cutting Room (The Salon) Ltd

5. STOCK 20242023
££
Stock comprises:
Stock2,5002,500
2,5002,500
6. DEBTORS 20242023
££
Amounts falling due within one year
Prepayments917771
917771
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax3,8695,772
VAT8,0516,931
PAYE control586875
Directors current account7941,234
Credit card2,4102,994
Trade creditors2,0135,256
Pension schemes-243
Accruals1,57595
19,29823,400
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010