IRIS Accounts Production v24.3.2.46 00423769 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:kWh004237692023-04-30004237692024-04-30004237692023-05-012024-04-30004237692022-04-30004237692022-05-012023-04-30004237692023-04-3000423769ns15:EnglandWales2023-05-012024-04-3000423769ns14:PoundSterling2023-05-012024-04-3000423769ns10:Director12023-05-012024-04-3000423769ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000423769ns10:SmallEntities2023-05-012024-04-3000423769ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3000423769ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3000423769ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3000423769ns10:FullAccounts2023-05-012024-04-3000423769ns10:Director22023-05-012024-04-3000423769ns10:Director32023-05-012024-04-3000423769ns10:Director42023-05-012024-04-3000423769ns10:CompanySecretary12023-05-012024-04-3000423769ns10:RegisteredOffice2023-05-012024-04-3000423769ns5:CurrentFinancialInstruments2024-04-3000423769ns5:CurrentFinancialInstruments2023-04-3000423769ns5:Non-currentFinancialInstruments2024-04-3000423769ns5:Non-currentFinancialInstruments2023-04-3000423769ns5:ShareCapital2024-04-3000423769ns5:ShareCapital2023-04-3000423769ns5:RevaluationReserve2024-04-3000423769ns5:RevaluationReserve2023-04-3000423769ns5:CapitalRedemptionReserve2024-04-3000423769ns5:CapitalRedemptionReserve2023-04-3000423769ns5:RetainedEarningsAccumulatedLosses2024-04-3000423769ns5:RetainedEarningsAccumulatedLosses2023-04-3000423769ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-012024-04-3000423769ns5:FurnitureFittings2023-05-012024-04-3000423769ns5:MotorVehicles2023-05-012024-04-3000423769ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3000423769ns5:FurnitureFittings2023-04-3000423769ns5:MotorVehicles2023-04-3000423769ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-3000423769ns5:FurnitureFittings2024-04-3000423769ns5:MotorVehicles2024-04-3000423769ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-3000423769ns5:FurnitureFittings2023-04-3000423769ns5:MotorVehicles2023-04-3000423769ns5:CostValuation2023-04-3000423769ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000423769ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000423769ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-04-3000423769ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-04-3000423769ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3000423769ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3000423769ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 00423769 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)






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


RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: T G Sliufko
P A G Sliufko
Miss O M Sliufko
C H Sliufko





SECRETARY: Mrs V A Sliufko





REGISTERED OFFICE: Trade Hair Supplies
Lingfield Way
Yarm Road Business Park
DARLINGTON
Co. Durham
DL1 4PZ





REGISTERED NUMBER: 00423769 (England and Wales)





ACCOUNTANTS: King Hope
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 234,220 243,801
Investments 5 52,800 52,800
287,020 296,601

CURRENT ASSETS
Stocks 566,877 576,310
Debtors 6 276,147 278,161
Cash at bank and in hand 581,513 487,889
1,424,537 1,342,360
CREDITORS
Amounts falling due within one year 7 390,258 296,105
NET CURRENT ASSETS 1,034,279 1,046,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,321,299

1,342,856

CREDITORS
Amounts falling due after more than one
year

8

(24,295

)

(47,191

)

PROVISIONS FOR LIABILITIES (18,644 ) (19,810 )
NET ASSETS 1,278,360 1,275,855

CAPITAL AND RESERVES
Called up share capital 1,606 1,606
Fair value reserve 10 24,498 24,498
Capital redemption reserve 475 475
Retained earnings 1,251,781 1,249,276
SHAREHOLDERS' FUNDS 1,278,360 1,275,855

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.

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





P A G Sliufko - Director


RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

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

1. STATUTORY INFORMATION

Ray & Company(Hairdressers Sundries Men)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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 112 years straight line
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are recognised 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 for selected employees. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 150,000 220,449 205,860 576,309
Additions - 26,654 - 26,654
At 30 April 2024 150,000 247,103 205,860 602,963
DEPRECIATION
At 1 May 2023 34,839 183,023 114,646 332,508
Charge for year 1,340 12,091 22,804 36,235
At 30 April 2024 36,179 195,114 137,450 368,743
NET BOOK VALUE
At 30 April 2024 113,821 51,989 68,410 234,220
At 30 April 2023 115,161 37,426 91,214 243,801

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Valuation in 1998 150,000 - - 150,000
Cost - 247,103 205,860 452,963
150,000 247,103 205,860 602,963

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

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

4. TANGIBLE FIXED ASSETS - continued

If Leasehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 137,989 137,989
Aggregate depreciation 30,821 29,588

Leasehold property was valued on an open market basis on 23 January 1998 by Sanderson Townend and Gilbert .

The net book value of tangible fixed assets includes £ 30,881 (2023 - £ 41,175 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 52,800
NET BOOK VALUE
At 30 April 2024 52,800
At 30 April 2023 52,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,485 116,221
Other debtors 102,458 108,580
Associated company - 28,626
Tax 7,309 7,309
Prepayments 22,895 17,425
276,147 278,161

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 12,946 12,946
Trade creditors 246,971 133,351
Tax 1,169 -
Social security and other taxes 91,578 111,033
Other creditors 4,195 1,898
Accrued expenses 23,399 26,877
390,258 296,105

RAY & COMPANY(HAIRDRESSERS
SUNDRIES MEN)LIMITED (REGISTERED NUMBER: 00423769)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,438 12,388
Hire purchase contracts 11,857 24,803
24,295 47,191

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 24,803 37,749

The bank indebtness security includes an unlimited cross guarantee with Tricogen Laboratories Limited .

10. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 24,498