IRIS Accounts Production v24.3.2.46 03198383 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031983832023-04-30031983832024-04-30031983832023-05-012024-04-30031983832022-04-30031983832022-05-012023-04-30031983832023-04-3003198383ns15:EnglandWales2023-05-012024-04-3003198383ns14:PoundSterling2023-05-012024-04-3003198383ns10:Director12023-05-012024-04-3003198383ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003198383ns10:SmallEntities2023-05-012024-04-3003198383ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003198383ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003198383ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003198383ns10:FullAccounts2023-05-012024-04-3003198383ns10:Director22023-05-012024-04-3003198383ns10:Director32023-05-012024-04-3003198383ns10:Director42023-05-012024-04-3003198383ns10:CompanySecretary12023-05-012024-04-3003198383ns10:RegisteredOffice2023-05-012024-04-3003198383ns5:CurrentFinancialInstruments2024-04-3003198383ns5:CurrentFinancialInstruments2023-04-3003198383ns5:ShareCapital2024-04-3003198383ns5:ShareCapital2023-04-3003198383ns5:SharePremium2024-04-3003198383ns5:SharePremium2023-04-3003198383ns5:RetainedEarningsAccumulatedLosses2024-04-3003198383ns5:RetainedEarningsAccumulatedLosses2023-04-3003198383ns5:LandBuildings2023-05-012024-04-3003198383ns5:PlantMachinery2023-05-012024-04-3003198383ns5:LandBuildings2023-04-3003198383ns5:PlantMachinery2023-04-3003198383ns5:LandBuildings2024-04-3003198383ns5:PlantMachinery2024-04-3003198383ns5:LandBuildings2023-04-3003198383ns5:PlantMachinery2023-04-3003198383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003198383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003198383ns5:DeferredTaxation2023-04-3003198383ns5:DeferredTaxation2023-05-012024-04-3003198383ns5:DeferredTaxation2024-04-30
REGISTERED NUMBER: 03198383 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FLANAGANS BARBER SHOP LIMITED

FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FLANAGANS BARBER SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr T P Tierney
Mrs M Tierney
Mr C J Mullen
Mr D Looms





SECRETARY: Mrs M Tierney





REGISTERED OFFICE: 250 Finney Lane
Heald Green
Stockport
Cheshire
SK8 3QD





REGISTERED NUMBER: 03198383 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,140 29,376

CURRENT ASSETS
Stocks 9,043 7,212
Debtors 5 50,588 44,934
Cash at bank and in hand 134,730 134,854
194,361 187,000
CREDITORS
Amounts falling due within one year 6 188,163 198,769
NET CURRENT ASSETS/(LIABILITIES) 6,198 (11,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,338

17,607

PROVISIONS FOR LIABILITIES 8 3,537 7,322
NET ASSETS 17,801 10,285

CAPITAL AND RESERVES
Called up share capital 9 105 105
Share premium 3,998 3,998
Retained earnings 13,698 6,182
17,801 10,285

FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)

BALANCE SHEET - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 14 January 2025 and were signed on its behalf by:





Mr T P Tierney - Director


FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Flanagans Barber 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 24,647 295,153 319,800
Additions - 666 666
At 30 April 2024 24,647 295,819 320,466
DEPRECIATION
At 1 May 2023 22,952 267,472 290,424
Charge for year 377 14,525 14,902
At 30 April 2024 23,329 281,997 305,326
NET BOOK VALUE
At 30 April 2024 1,318 13,822 15,140
At 30 April 2023 1,695 27,681 29,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors - 1,000
Other debtors 50,588 43,934
50,588 44,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 11,862 9,060
Taxation and social security 51,923 32,588
Other creditors 124,378 157,121
188,163 198,769

7. SECURED DEBTS

The above bank loan is secured by way of a fixed and floating charge over all assets of the company.

8. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax
Capital allowances in excess of depreciation 3,537 7,322

FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 7,322
Credit to Income Statement during year (3,785 )
Balance at 30 April 2024 3,537

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
2024 2023
£    £   
3800 A ordinary shares of £0.01 each 38 38
3800 B ordinary shares of £0.01 each 38 38
1500 C ordinary shares of £0.01 each 15 15
100 D ordinary share of £0.01 each 1 1
100 E ordinary share of £0.01 each 1 1
100 F ordinary share of £0.01 each 1 1
100 G ordinary share of £0.01 each 1 1
100 H ordinary shares of £0.01 each 1 1
100 I ordinary shares of £0.01 each 1 1
100 J ordinary shares of £0.01 each 1 1
100 K ordinary share of £0.01 each 1 1
100 L ordinary share of £0.01 each 1 1
527 M ordinary shares of £0.01 each 5.27 5.27

All the classes of fully paid "A" to "M" Ordinary shares have the same rights attaching to them except they carry differential rights to the receipt of such dividends, payable on such class or classes of shares, in such amounts, at such frequency and at such times on the recommendation of the Directors.