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REGISTERED NUMBER: 12341595 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

AISLE OF STYLE BARBER LTD

AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AISLE OF STYLE BARBER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: M M Marouf





REGISTERED OFFICE: C/o Gordon Wood Scott & Partners Ltd
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX





BUSINESS ADDRESS: 102 Queens Road
Bishopsworth
Bristol
BS13 8PQ





REGISTERED NUMBER: 12341595 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,050 5,512

CURRENT ASSETS
Stocks 100 100
Debtors 5 9,381 8,954
Cash at bank 4,282 4,692
13,763 13,746
CREDITORS
Amounts falling due within one year 6 (11,364 ) (9,424 )
NET CURRENT ASSETS 2,399 4,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,449

9,834

CREDITORS
Amounts falling due after more than one
year

7

(2,333

)

(6,333

)

PROVISIONS FOR LIABILITIES 9 (770 ) (1,047 )
NET ASSETS 3,346 2,454

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 3,336 2,444
SHAREHOLDERS' FUNDS 3,346 2,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

BALANCE SHEET - continued
30 NOVEMBER 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 and authorised for issue by the director and authorised for issue on 24 February 2025 and were signed by:





A A Mohamad - Director


AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Aisle Of Style Barber Ltd 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.

Turnover
Turnover comprises the value of services provided and sales of goods during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

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 balance sheet date.


AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 December 2023
and 30 November 2024 14,734
DEPRECIATION
At 1 December 2023 9,222
Charge for year 1,462
At 30 November 2024 10,684
NET BOOK VALUE
At 30 November 2024 4,050
At 30 November 2023 5,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 9,381 8,320
Prepayments and accrued income - 634
9,381 8,954

AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 8) 4,000 4,000
Trade creditors 770 393
Corporation tax 720 886
Social security and other taxes 928 358
Other creditors 1,311 1,100
Directors' loan accounts 3,635 2,687
11,364 9,424

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 8) 2,333 6,333

8. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,000 4,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,333 6,333

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax
Accelerated capital allowances 770 1,047

Deferred
tax
£   
Balance at 1 December 2023 1,047
Provided during year (277 )
Balance at 30 November 2024 770

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
10 Ordinary £1 10 10

AISLE OF STYLE BARBER LTD (REGISTERED NUMBER: 12341595)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, which are not included in the balance sheet amount to £7,875 (£6,175 : 2023).