IRIS Accounts Production v24.3.2.46 10403830 director 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104038302023-06-30104038302024-06-30104038302023-07-012024-06-30104038302022-06-30104038302022-07-012023-06-30104038302023-06-3010403830ns15:EnglandWales2023-07-012024-06-3010403830ns14:PoundSterling2023-07-012024-06-3010403830ns10:Director12023-07-012024-06-3010403830ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010403830ns10:SmallEntities2023-07-012024-06-3010403830ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010403830ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010403830ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010403830ns10:FullAccounts2023-07-012024-06-301040383012023-07-012024-06-3010403830ns10:RegisteredOffice2023-07-012024-06-3010403830ns5:CurrentFinancialInstruments2024-06-3010403830ns5:CurrentFinancialInstruments2023-06-3010403830ns5:Non-currentFinancialInstruments2024-06-3010403830ns5:Non-currentFinancialInstruments2023-06-3010403830ns5:ShareCapital2024-06-3010403830ns5:ShareCapital2023-06-3010403830ns5:RetainedEarningsAccumulatedLosses2024-06-3010403830ns5:RetainedEarningsAccumulatedLosses2023-06-3010403830ns5:NetGoodwill2023-07-012024-06-3010403830ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3010403830ns5:FurnitureFittings2023-07-012024-06-3010403830ns5:ComputerEquipment2023-07-012024-06-3010403830ns5:NetGoodwill2023-06-3010403830ns5:NetGoodwill2024-06-3010403830ns5:NetGoodwill2023-06-3010403830ns5:LandBuildings2023-06-3010403830ns5:FurnitureFittings2023-06-3010403830ns5:ComputerEquipment2023-06-3010403830ns5:LandBuildings2023-07-012024-06-3010403830ns5:LandBuildings2024-06-3010403830ns5:FurnitureFittings2024-06-3010403830ns5:ComputerEquipment2024-06-3010403830ns5:LandBuildings2023-06-3010403830ns5:FurnitureFittings2023-06-3010403830ns5:ComputerEquipment2023-06-3010403830ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3010403830ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3010403830ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3010403830ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3010403830ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3010403830ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3010403830ns5:Secured2024-06-3010403830ns5:Secured2023-06-30104038301ns10:Director12023-06-30104038301ns10:Director12022-06-30104038301ns10:Director12023-07-012024-06-30104038301ns10:Director12022-07-012023-06-30104038301ns10:Director12024-06-30104038301ns10:Director12023-06-30
REGISTERED NUMBER: 10403830 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Steven Burgin Nantwich Ltd

Steven Burgin Nantwich Ltd (Registered number: 10403830)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Steven Burgin Nantwich Ltd

Company Information
for the year ended 30 June 2024







DIRECTOR: S Burgin





REGISTERED OFFICE: 60 Hospital Street
Nantwich
Cheshire
CW5 5RP





REGISTERED NUMBER: 10403830 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Steven Burgin Nantwich Ltd (Registered number: 10403830)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 2,250 3,250
Tangible assets 6 26,240 28,090
28,490 31,340

CURRENT ASSETS
Stocks 7 3,852 5,098
Debtors 8 23,850 16,546
Cash at bank and in hand 8,773 3,806
36,475 25,450
CREDITORS
Amounts falling due within one year 9 (36,789 ) (29,067 )
NET CURRENT LIABILITIES (314 ) (3,617 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,176

27,723

CREDITORS
Amounts falling due after more than one
year

10

(22,960

)

(27,296

)
NET ASSETS 5,216 427

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,215 426
5,216 427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Steven Burgin Nantwich Ltd (Registered number: 10403830)

Statement of Financial Position - continued
30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2025 and were signed by:





S Burgin - Director


Steven Burgin Nantwich Ltd (Registered number: 10403830)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Steven Burgin Nantwich Ltd ('The Company') is primarily engaged in hairdressing.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is 60 Hospital Street, Nantwich, Cheshire, CW5 5RP. The registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

The director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 20 years
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).


Steven Burgin Nantwich Ltd (Registered number: 10403830)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Hire purchase and leasing commitments
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.

Other income
Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review. Rental income received is included in other operating income.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 6,750
Charge for year 1,000
At 30 June 2024 7,750
NET BOOK VALUE
At 30 June 2024 2,250
At 30 June 2023 3,250

Steven Burgin Nantwich Ltd (Registered number: 10403830)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 30,475 4,862 809 36,146
Additions - 306 - 306
At 30 June 2024 30,475 5,168 809 36,452
DEPRECIATION
At 1 July 2023 3,936 3,648 472 8,056
Charge for year 1,524 544 88 2,156
At 30 June 2024 5,460 4,192 560 10,212
NET BOOK VALUE
At 30 June 2024 25,015 976 249 26,240
At 30 June 2023 26,539 1,214 337 28,090

7. STOCKS
2024 2023
£    £   
Stocks 3,852 5,098

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23,850 16,546

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 9,403 7,733
Trade creditors 3,568 2,877
Taxation and social security 23,628 18,349
Other creditors 190 108
36,789 29,067

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) 22,960 27,296

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 4,497 9,288

Steven Burgin Nantwich Ltd (Registered number: 10403830)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,068 3,505
Bank loans 4,335 4,228
9,403 7,733

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,444 4,335

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,019 13,673

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 4,497 9,288

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 5,068 3,505

The bank overdraft is personally guaranteed by the director.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S Burgin
Balance outstanding at start of year 13,385 12,231
Amounts advanced 59,386 51,919
Amounts repaid (53,209 ) (50,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,562 13,385

Steven Burgin Nantwich Ltd (Registered number: 10403830)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

During the year interest of £262 (2023: £131) has been charged in respect of the director's loan.

The above loan balance outstanding at the end of the period, included in debtors: amounts falling due within one year, was cleared in the year ending 30 June 2025.

The company paid rent of £6,000 (2023: £12,000) to the director during the year.