2023-05-23 2024-05-31 false No description of principal activity Capium Accounts Production 1.1 14886838 2023-05-23 2024-05-31 14886838 bus:FullAccounts 2023-05-23 2024-05-31 14886838 bus:FRS102 2023-05-23 2024-05-31 14886838 bus:AuditExemptWithAccountantsReport 2023-05-23 2024-05-31 14886838 bus:SmallCompaniesRegimeForAccounts 2023-05-23 2024-05-31 14886838 bus:PrivateLimitedCompanyLtd 2023-05-23 2024-05-31 14886838 2023-05-23 2024-05-31 14886838 2024-05-31 14886838 bus:RegisteredOffice 2023-05-23 2024-05-31 14886838 core:WithinOneYear 2024-05-31 14886838 core:AfterOneYear 2024-05-31 14886838 1 2023-05-23 2024-05-31 14886838 bus:Director1 2023-05-23 2024-05-31 14886838 bus:Director1 2024-05-31 14886838 bus:Director2 2023-05-23 2024-05-31 14886838 bus:Director2 2024-05-31 14886838 2022-05-23 14886838 bus:CompanySecretary1 2023-05-23 2024-05-31 14886838 bus:LeadAgentIfApplicable 2023-05-23 2024-05-31 14886838 2023-05-22 14886838 bus:OrdinaryShareClass1 2023-05-23 2024-05-31 14886838 bus:OrdinaryShareClass1 2024-05-31 14886838 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 14886838 core:CostValuation core:Non-currentFinancialInstruments 2023-05-22 14886838 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 14886838 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 14886838 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 14886838 core:Non-currentFinancialInstruments 2024-05-31 14886838 core:Non-currentFinancialInstruments 2023-05-22 14886838 core:ShareCapital 2024-05-31 14886838 core:RetainedEarningsAccumulatedLosses 2024-05-31 14886838 core:ShareCapitalOrdinaryShares 2023-05-23 14886838 core:ShareCapitalOrdinaryShares 2023-05-23 2024-05-31 14886838 core:ShareCapitalOrdinaryShares 2024-05-31 14886838 core:RevaluationReserve 2023-05-23 14886838 core:RevaluationReserve 2023-05-23 2024-05-31 14886838 core:RevaluationReserve 2024-05-31 14886838 core:CapitalRedemptionReserve 2023-05-23 14886838 core:CapitalRedemptionReserve 2023-05-23 2024-05-31 14886838 core:CapitalRedemptionReserve 2024-05-31 14886838 core:RetainedEarningsAccumulatedLosses 2023-05-23 14886838 core:RetainedEarningsAccumulatedLosses 2023-05-23 2024-05-31 14886838 core:RetainedEarningsAccumulatedLosses 2024-05-31 14886838 dpl:Item1 2023-05-23 14886838 dpl:Item1 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 14886838


 

 

 

CHANA'S HAIR AND WIGS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 23 May 2023

End date: 31 May 2024
Directors Hanna Farhi
Matthew Nathan Levy
Registered Number 14886838
Registered Office 8 Lytton Road
New Barnet
Barnet
EN5 5BY
Accountants The Expert Eye
8 Lytton Road,
New Barnet
Barnet
EN5 5BY
Secretary Hanna Farhi
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2024.
Directors
The directors who served the company throughout the period were as follows:
Hanna Farhi
Matthew Nathan Levy
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Matthew Nathan Levy
Director
----------------------------------
Hanna Farhi
Director

Date approved: 24 January 2025
2
Accountants report

You consider that the company is exempt from an audit for the year ended 31 May 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

The Expert Eye

31 May 2024



....................................................
The Expert Eye
8 Lytton Road,
New Barnet
Barnet
EN5 5BY
24 January 2025
3
 
 
Notes
 
2024
£
Turnover 89,353 
Cost of sales (87,159)
Gross profit 2,194 
Administrative expenses (7,666)
Operating loss (5,472)
Profit/(Loss) on ordinary activities before taxation (5,472)
Tax on profit on ordinary activities
Profit/(Loss) for the financial period (5,472)
 
4
 
 
Notes
 
2024
£
Current assets    
Stocks 3 3,500 
Debtors 4 5,039 
Cash at bank and in hand 9,950 
18,489 
Creditors: amount falling due within one year 5 (23,960)
Net current assets (5,471)
 
Total assets less current liabilities (5,471)
Net assets (5,471)
 

Capital and reserves
   
Called up share capital 6 1 
Profit and loss account (5,472)
Shareholders' funds (5,471)
 


For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 January 2025 and were signed on its behalf by:


-------------------------------
Matthew Nathan Levy
Director
-------------------------------
Hanna Farhi
Director
5
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 23 May 2023
Profit for the period (5,472) (5,472)
Total comprehensive income for the period (5,472) (5,472)
Shares issued 1 
Total investments by and distributions to owners 1 
At 31 May 2024 1  (5,472) (5,471)
6
General Information
Chana's Hair And Wigs Limited is a private company, limited by shares, registered in , registration number 14886838, registration address 8 Lytton Road, New Barnet, Barnet, EN5 5BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 1.
3.

Stocks

2024
£
Stocks 3,500 
3,500 

4.

Debtors: amounts falling due within one year

2024
£
Directors' Loan Account 5,039 
5,039 

5.

Creditors: amount falling due within one year

2024
£
Accrued Expenses 960 
Other Creditors 23,000 
23,960 

6.

Share Capital

Allotted, called up and fully paid
2024
£
1 Ordinary share of £1.00 each

7