Registered number
10049069
Robert Douglas Hair Workshop Limited
Filleted Accounts
31 March 2024
Robert Douglas Hair Workshop Limited
Registered number: 10049069
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 197,996 200,247
Current assets
Debtors 4 3,696 2,199
Cash at bank and in hand 27,044 40,657
30,740 42,856
Creditors: amounts falling due within one year 5 (46,157) (41,793)
Net current (liabilities)/assets (15,417) 1,063
Total assets less current liabilities 182,579 201,310
Creditors: amounts falling due after more than one year 6 (119,780) (137,947)
Net assets 62,799 63,363
Capital and reserves
Called up share capital 2 2
Profit and loss account 62,797 63,361
Shareholders' funds 62,799 63,363
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Catterwell
Director
Approved by the board on 6 December 2024
Robert Douglas Hair Workshop Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 191,603 11,892 203,495
Additions - 150 150
At 31 March 2024 191,603 12,042 203,645
Depreciation
At 1 April 2023 - 3,248 3,248
Charge for the year - 2,401 2,401
At 31 March 2024 - 5,649 5,649
Net book value
At 31 March 2024 191,603 6,393 197,996
At 31 March 2023 191,603 8,644 200,247
4 Debtors 2024 2023
£ £
Trade debtors 2,170 -
Other debtors 1,526 2,199
3,696 2,199
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,403 17,191
Trade creditors 3,488 1,657
Corporation tax 10,702 9,903
Other taxes and social security costs 13,718 11,844
Other creditors 846 1,198
46,157 41,793
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 119,780 137,947
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 107,771 124,050
The bank loans are secured by fixed and floating charges over all the property and undertakings of the company.
8 Other information
Robert Douglas Hair Workshop Limited is a private company limited by shares and incorporated in England. Its registered office is: 86 Thoroughfare, Woodbridge, Suffolk, IP12 1AH
Robert Douglas Hair Workshop Limited 10049069 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 N Catterwell No description of principal activity 10049069 2022-04-01 2023-03-31 10049069 core:WithinOneYear 2023-03-31 10049069 core:AfterOneYear 2023-03-31 10049069 core:ShareCapital 2023-03-31 10049069 core:RetainedEarningsAccumulatedLosses 2023-03-31 10049069 2023-04-01 2024-03-31 10049069 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10049069 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10049069 bus:Director40 2023-04-01 2024-03-31 10049069 1 2023-04-01 2024-03-31 10049069 2 2023-04-01 2024-03-31 10049069 core:LandBuildings 2023-04-01 2024-03-31 10049069 core:PlantMachinery 2023-04-01 2024-03-31 10049069 countries:England 2023-04-01 2024-03-31 10049069 bus:FRS102 2023-04-01 2024-03-31 10049069 bus:FilletedAccounts 2023-04-01 2024-03-31 10049069 2024-03-31 10049069 core:WithinOneYear 2024-03-31 10049069 core:AfterOneYear 2024-03-31 10049069 core:ShareCapital 2024-03-31 10049069 core:RetainedEarningsAccumulatedLosses 2024-03-31 10049069 core:LandBuildings 2024-03-31 10049069 core:PlantMachinery 2024-03-31 10049069 2023-03-31 10049069 core:LandBuildings 2023-03-31 10049069 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure