1 May 2023 false No description of principal activity Taxfiler 2024.6 10707321business:PrivateLimitedCompanyLtd2023-05-012024-04-30 107073212023-04-30 107073212023-05-012024-04-30 10707321business:AuditExemptWithAccountantsReport2023-05-012024-04-30 10707321business:AbridgedAccounts2023-05-012024-04-30 107073212024-04-30 10707321business:Director12023-05-012024-04-30 10707321business:RegisteredOffice2023-05-012024-04-30 107073212023-04-30 10707321core:WithinOneYear2024-04-30 10707321core:WithinOneYear2023-04-30 10707321core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 10707321core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 10707321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 10707321core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 10707321core:PreviouslyStatedAmount2024-04-30 10707321core:PreviouslyStatedAmount2023-04-30 10707321business:SmallEntities2023-05-012024-04-30 10707321countries:EnglandWales2023-05-012024-04-30 10707321core:PlantMachinery2023-05-012024-04-30 10707321core:FurnitureFittings2023-05-012024-04-30 10707321core:ComputerEquipment2023-05-012024-04-30 10707321business:OrdinaryShareClass12023-05-012024-04-30 10707321business:OrdinaryShareClass12022-05-012023-04-30 107073212022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10707321 (England and Wales)
HAIR LOUNGE NEWPORT IOW LIMITED Unaudited accounts for the year ended 30 April 2024
HAIR LOUNGE NEWPORT IOW LIMITED Unaudited accounts Contents
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HAIR LOUNGE NEWPORT IOW LIMITED Company Information for the year ended 30 April 2024
Director
Brett Aaron Gardner
Company Number
10707321 (England and Wales)
Registered Office
Hair Lounge Newport I O W Ltd 50 St. James Street Newport Isle of Wight PO30 1LQ England
Accountants
Martin Bridges & Co 39 High Street Shanklin Isle of Wight PO37 6JJ
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HAIR LOUNGE NEWPORT IOW LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,000 
8,000 
Tangible assets
10,149 
12,686 
18,149 
20,686 
Current assets
Debtors
1 
1 
Cash at bank and in hand
705 
50 
706 
51 
Creditors: amounts falling due within one year
(22,094)
(28,178)
Net current liabilities
(21,388)
(28,127)
Total assets less current liabilities
(3,239)
(7,441)
Provisions for liabilities
Deferred tax
(418)
(523)
Net liabilities
(3,657)
(7,964)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,658)
(7,965)
Shareholders' funds
(3,657)
(7,964)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Brett Aaron Gardner Director Company Registration No. 10707321
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HAIR LOUNGE NEWPORT IOW LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
HAIR LOUNGE NEWPORT IOW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10707321. The registered office is Hair Lounge Newport I O W Ltd, 50 St. James Street, Newport, Isle of Wight, PO30 1LQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 %
Fixtures & fittings
20 %
Computer equipment
20 %
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 May 2023
8,000 
At 30 April 2024
8,000 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
8,000 
At 30 April 2023
8,000 
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HAIR LOUNGE NEWPORT IOW LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
24,608 
At 30 April 2024
24,608 
Depreciation
At 1 May 2023
11,922 
Charge for the year
2,537 
At 30 April 2024
14,459 
Net book value
At 30 April 2024
10,149 
At 30 April 2023
12,686 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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