IRIS Accounts Production v24.3.2.46 SC428852 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4288522023-04-30SC4288522024-04-30SC4288522023-05-012024-04-30SC4288522022-04-30SC4288522022-05-012023-04-30SC4288522023-04-30SC428852ns15:Scotland2023-05-012024-04-30SC428852ns14:PoundSterling2023-05-012024-04-30SC428852ns10:Director12023-05-012024-04-30SC428852ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC428852ns10:SmallEntities2023-05-012024-04-30SC428852ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC428852ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC428852ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC428852ns10:FullAccounts2023-05-012024-04-30SC42885212023-05-012024-04-30SC428852ns10:Director22023-05-012024-04-30SC428852ns10:RegisteredOffice2023-05-012024-04-30SC428852ns5:CurrentFinancialInstruments2024-04-30SC428852ns5:CurrentFinancialInstruments2023-04-30SC428852ns5:ShareCapital2024-04-30SC428852ns5:ShareCapital2023-04-30SC428852ns5:RetainedEarningsAccumulatedLosses2024-04-30SC428852ns5:RetainedEarningsAccumulatedLosses2023-04-30SC428852ns5:NetGoodwill2023-05-012024-04-30SC428852ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC428852ns5:PlantMachinery2023-05-012024-04-30SC428852ns5:NetGoodwill2023-04-30SC428852ns5:NetGoodwill2024-04-30SC428852ns5:NetGoodwill2023-04-30SC428852ns5:PlantMachinery2023-04-30SC428852ns5:PlantMachinery2024-04-30SC428852ns5:PlantMachinery2023-04-30SC428852ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-30SC428852ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: SC428852 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED

COMPANY INFORMATION
for the year ended 30 APRIL 2024







DIRECTORS: Miss F N Dick
D Irving





REGISTERED OFFICE: 40 - 42 South Methven Street
Perth
Central
PH1 5NU





REGISTERED NUMBER: SC428852 (Scotland)





ACCOUNTANTS: Thomas Barrie & Co LLP
Atlantic House
1a Cadogan Street
Glasgow
G2 6QE

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 132,516 147,241
Tangible assets 5 64,715 66,277
197,231 213,518

CURRENT ASSETS
Stocks 50,142 48,535
Debtors 6 2,747 2,635
Cash at bank and in hand 10,736 4,336
63,625 55,506
CREDITORS
Amounts falling due within one year 7 (247,318 ) (251,076 )
NET CURRENT LIABILITIES (183,693 ) (195,570 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,538

17,948

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,538 16,948
SHAREHOLDERS' FUNDS 13,538 17,948

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.

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





D Irving - Director


COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 APRIL 2024

1. STATUTORY INFORMATION

Copperfields Hairdressing and Beauty Limited is a private company, limited by shares, registered in Scotland, registration number 428852. The registered office is 40-42 South Methven Street, Perth, PH1 5NU.

The principal activity of the company is hairdressing.

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.

The presentational and functional currency of the financial statements is Pounds Sterling (£).

Significant judgements and estimates
In preparing these financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of the Company's accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.

The following judgements and estimates have had the most significant effects on amounts recognised in the financial statements:

Tangible and intangible assets
The estimates and assumptions made to determine asset lives require judgements to be made as regards useful lives and residual values. The useful lives and residual values of the company's financial assets are determined by management at the time the asset is acquired and reviewed annually for appropriateness. The lives are based on management experience with similar assets. The depreciation rates applied are outlined later in these notes.

Turnover
Turnover is measured at the fair value of consideration received or receivable, taking into account the amount of any discounts and rebates allowed by the entity, but excluding value added tax and other sales taxes.

Sale of Goods
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the customer, recovery of the consideration is probable, the associated costs and possible return of goods can be estimated reliably, there is no continuing management involvement with the goods, and the amount of revenue can be measured reliably.

Services
Income from services is recognised when performed, such that risks and rewards have been transferred.

Goodwill
Goodwill was acquired when the business was incorporated and this is being written off over its estimated economic life.

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.

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on cost and 2% on cost

The carrying values of tangible fixed assets are reviewed annually for impairment if events or changes in circumstances indicate the carrying values may not be recoverable.

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

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances, including bank overdrafts that are payable on demand and form an integral part of the company's cash management.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 294,491
AMORTISATION
At 1 May 2023 147,250
Charge for year 14,725
At 30 April 2024 161,975
NET BOOK VALUE
At 30 April 2024 132,516
At 30 April 2023 147,241

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 94,335
DEPRECIATION
At 1 May 2023 28,058
Charge for year 1,562
At 30 April 2024 29,620
NET BOOK VALUE
At 30 April 2024 64,715
At 30 April 2023 66,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,747 2,635

COPPERFIELDS HAIRDRESSING AND BEAUTY
LIMITED (REGISTERED NUMBER: SC428852)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,360 54,623
Trade creditors 12,505 21,757
Taxation and social security 125,354 96,425
Other creditors 64,099 78,271
247,318 251,076

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £94,000 (2023 - £89,500) were paid to the directors .