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REGISTERED NUMBER: 10129668 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

ROUTES HAIR EXTENSIONS LIMITED

ROUTES HAIR EXTENSIONS LIMITED (REGISTERED NUMBER: 10129668)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROUTES HAIR EXTENSIONS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Ms R Burgin





SECRETARY:





REGISTERED OFFICE: 352-354
Manchester Road
Deepcar
Sheffield
S36 2RH





REGISTERED NUMBER: 10129668 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

ROUTES HAIR EXTENSIONS LIMITED (REGISTERED NUMBER: 10129668)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,809 167,963

CURRENT ASSETS
Stocks 105,000 115,000
Debtors 5 27,856 42,062
Cash at bank 75,043 43,586
207,899 200,648
CREDITORS
Amounts falling due within one year 6 119,778 113,072
NET CURRENT ASSETS 88,121 87,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,930

255,539

CREDITORS
Amounts falling due after more than one
year

7

119,608

133,207
NET ASSETS 136,322 122,332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,222 122,232
SHAREHOLDERS' FUNDS 136,322 122,332

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 director acknowledges her 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.

ROUTES HAIR EXTENSIONS LIMITED (REGISTERED NUMBER: 10129668)

Balance Sheet - continued
30 April 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 director and authorised for issue on 20 August 2024 and were signed by:





Ms R Burgin - Director


ROUTES HAIR EXTENSIONS LIMITED (REGISTERED NUMBER: 10129668)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Routes Hair Extensions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 27 ) .

ROUTES HAIR EXTENSIONS LIMITED (REGISTERED NUMBER: 10129668)

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
and 30 April 2024 166,937 2,088 169,025
DEPRECIATION
At 1 May 2023 - 1,062 1,062
Charge for year - 154 154
At 30 April 2024 - 1,216 1,216
NET BOOK VALUE
At 30 April 2024 166,937 872 167,809
At 30 April 2023 166,937 1,026 167,963

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors - 3,567
Other debtors 27,856 38,495
27,856 42,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 5,468 7,572
Trade creditors 1 -
Other creditors 114,309 105,500
119,778 113,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 117,608 131,207
Other creditors 2,000 2,000
119,608 133,207

Amounts falling due in more than five years:

Repayable otherwise than by instalments
No description 2,000 2,000