Company Registration No. SC402675 (Scotland)
Lady J'S Hair Salon Limited
Unaudited accounts
for the year ended 30 June 2024
Lady J'S Hair Salon Limited
Statement of financial position
as at 30 June 2024
Tangible assets
2,048
2,497
Cash at bank and in hand
10,913
11,589
Creditors: amounts falling due within one year
(5,050)
(3,035)
Net current assets
5,863
8,576
Total assets less current liabilities
7,911
11,073
Creditors: amounts falling due after more than one year
(7,122)
(8,242)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
689
2,629
Shareholders' funds
789
2,729
For the year ending 30 June 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 6 February 2025 and were signed on its behalf by
LUCAS, Gillian Barker
Director
Company Registration No. SC402675
Lady J'S Hair Salon Limited
Notes to the Accounts
for the year ended 30 June 2024
Lady J'S Hair Salon Limited is a private company, limited by shares, registered in Scotland, registration number SC402675. The registered office is 18A DUNDAS STREET, GRANGEMOUTH, STIRLINGSHIRE, FK3 8BX, SCOTLAND.
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.
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
582
5,778
6,360
At 30 June 2024
582
5,778
6,360
At 1 July 2023
582
3,281
3,863
Charge for the year
-
449
449
At 30 June 2024
582
3,730
4,312
At 30 June 2024
-
2,048
2,048
At 30 June 2023
-
2,497
2,497
Lady J'S Hair Salon Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,292
1,292
Taxes and social security
280
667
Other creditors
1,752
1,752
Loans from directors
1,726
(676)
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).