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REGISTERED NUMBER: 06587310 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CAPELLI'S GENTLEMEN'S GROOMING LIMITED

CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


CAPELLI'S GENTLEMEN'S GROOMING LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







Director: C Christoforou



Registered office: 146 Crouch Hill
Crouch End
Hornsey
London
N8 9DX



Registered number: 06587310 (England and Wales)



Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL



Bankers: Barclays Bank PLC
High Street
Whetstone
London
N20

CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)

STATEMENT OF FINANCIAL POSITION
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 122 163
122 163

Current assets
Debtors 6 3,460 3,460
Cash at bank 123,870 125,375
127,330 128,835
Creditors
Amounts falling due within one year 7 7,700 5,599
Net current assets 119,630 123,236
Total assets less current liabilities 119,752 123,399

Capital and reserves
Called up share capital 100 100
Retained earnings 119,652 123,299
Shareholders' funds 119,752 123,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)

STATEMENT OF FINANCIAL POSITION - continued
31 May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 June 2024 and were signed by:





C Christoforou - Director


CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024

1. Statutory information

Capelli's Gentlemen's Grooming 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

2. Accounting policies - continued

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 5 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 19,500
Amortisation
At 1 June 2023
and 31 May 2024 19,500
Net book value
At 31 May 2024 -
At 31 May 2023 -

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 June 2023
and 31 May 2024 15,410
Depreciation
At 1 June 2023 15,247
Charge for year 41
At 31 May 2024 15,288
Net book value
At 31 May 2024 122
At 31 May 2023 163

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 3,460 3,460

CAPELLI'S GENTLEMEN'S GROOMING LIMITED (REGISTERED NUMBER: 06587310)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 310 143
Taxation and social security 7,390 5,456
7,700 5,599