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REGISTERED NUMBER: 04664321 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

No. 1 Barbers Shop Limited

No. 1 Barbers Shop Limited (Registered number: 04664321)






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


No. 1 Barbers Shop Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G F Massey
A P Roger





SECRETARY: G F Massey





REGISTERED OFFICE: 389 London Road
Hazel Grove
Stockport
Cheshire
SK7 6AA





REGISTERED NUMBER: 04664321 (England and Wales)





ACCOUNTANTS: Statera Accountants LLP
186 Lowndes Lane
Stockport
Cheshire
SK2 6DB

No. 1 Barbers Shop Limited (Registered number: 04664321)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,750 25,000
Tangible assets 5 495 583
25,245 25,583

CURRENT ASSETS
Cash at bank and in hand 50 428

CREDITORS
Amounts falling due within one year 6 14,082 11,271
NET CURRENT LIABILITIES (14,032 ) (10,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,213

14,740

CREDITORS
Amounts falling due after more than one
year

7

4,822

6,804
NET ASSETS 6,391 7,936

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 10,000 10,000
Retained earnings (3,709 ) (2,164 )
SHAREHOLDERS' FUNDS 6,391 7,936

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 directors acknowledge their 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.

No. 1 Barbers Shop Limited (Registered number: 04664321)

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 Board of Directors and authorised for issue on 18 January 2025 and were signed on its behalf by:





G F Massey - Director


No. 1 Barbers Shop Limited (Registered number: 04664321)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

No. 1 Barbers Shop Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of sixty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 5,000
Charge for year 250
At 31 March 2024 5,250
NET BOOK VALUE
At 31 March 2024 24,750
At 31 March 2023 25,000

No. 1 Barbers Shop Limited (Registered number: 04664321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 3,358
DEPRECIATION
At 1 April 2023 2,775
Charge for year 88
At 31 March 2024 2,863
NET BOOK VALUE
At 31 March 2024 495
At 31 March 2023 583

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 741 -
Trade creditors 280 696
Taxation and social security 328 550
Other creditors 12,733 10,025
14,082 11,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 4,822 6,804