7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,000 6,000 xbrli:pure xbrli:shares iso4217:GBP 10734831 2023-05-01 2024-04-30 10734831 2024-04-30 10734831 2023-04-30 10734831 2022-05-01 2023-04-30 10734831 2023-04-30 10734831 2022-04-30 10734831 core:PlantMachinery 2023-05-01 2024-04-30 10734831 core:FurnitureFittings 2023-05-01 2024-04-30 10734831 core:NetGoodwill 2023-05-01 2024-04-30 10734831 bus:Director1 2023-05-01 2024-04-30 10734831 core:NetGoodwill 2024-04-30 10734831 core:PlantMachinery 2023-04-30 10734831 core:FurnitureFittings 2023-04-30 10734831 core:PlantMachinery 2024-04-30 10734831 core:FurnitureFittings 2024-04-30 10734831 core:WithinOneYear 2023-04-30 10734831 core:AfterOneYear 2024-04-30 10734831 core:AfterOneYear 2023-04-30 10734831 core:ShareCapital 2024-04-30 10734831 core:ShareCapital 2023-04-30 10734831 core:RetainedEarningsAccumulatedLosses 2024-04-30 10734831 core:RetainedEarningsAccumulatedLosses 2023-04-30 10734831 core:FurnitureFittings 2023-04-30 10734831 bus:Director1 2023-04-30 10734831 bus:Director1 2022-04-30 10734831 bus:SmallEntities 2023-05-01 2024-04-30 10734831 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10734831 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10734831 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10734831 bus:FullAccounts 2023-05-01 2024-04-30 10734831 core:ComputerEquipment 2023-05-01 2024-04-30 10734831 core:ComputerEquipment 2024-04-30 10734831 core:ComputerEquipment 2023-04-30
COMPANY REGISTRATION NUMBER: 10734831
Tamzy's Hair & Beauty Limited
Filleted Unaudited Financial Statements
30 April 2024
Tamzy's Hair & Beauty Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
137
Current assets
Debtors
7
1,025
Cash at bank and in hand
2,185
4,861
-------
-------
3,210
4,861
Creditors: amounts falling due within one year
8
( 561)
-------
-------
Net current assets
3,210
5,422
-------
-------
Total assets less current liabilities
3,210
5,559
Creditors: amounts falling due after more than one year
9
5,862
3,723
-------
-------
Net (liabilities)/assets
( 2,652)
1,836
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 2,653)
1,835
-------
-------
Shareholders (deficit)/funds
( 2,652)
1,836
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Tamzy's Hair & Beauty Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Miss T Lee-Bygrave
Director
Company registration number: 10734831
Tamzy's Hair & Beauty Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 287 Barlow Moor Road, Manchester, M21 7GH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
In the transition to section 1A of FRS from old UK GAAP, the Company has made no measurement and recognition adjustments.
Changes in accounting estimates
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. These financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland ("FRS102") as issued in August 2014. The amendments to FRS 102 issued in July 2015 have been applied. The presentation currency of these financial statements is Sterling Pounds
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
written off over 6 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Fixtures and fittings
-
20% straight line
Equipment
-
30% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 5 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
6,000
-------
Amortisation
At 1 May 2023 and 30 April 2024
6,000
-------
Carrying amount
At 30 April 2024
-------
At 30 April 2023
-------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
350
6,357
954
7,661
----
-------
----
-------
Depreciation
At 1 May 2023
350
6,273
901
7,524
Charge for the year
84
53
137
----
-------
----
-------
At 30 April 2024
350
6,357
954
7,661
----
-------
----
-------
Carrying amount
At 30 April 2024
----
-------
----
-------
At 30 April 2023
84
53
137
----
-------
----
-------
7. Debtors
2024
2023
£
£
Other debtors
1,025
-------
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
( 93)
Other creditors
( 468)
----
----
( 561)
----
----
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
5,862
3,723
-------
-------
10. Financial instruments
In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Balance brought forward and outstanding
2024
2023
£
£
Miss T Lee-Bygrave
( 5,862)
( 3,723)
-------
-------