Company Registration No. 10200349 (England and Wales)
Room 8 Hair And Beauty Limited
Unaudited accounts
for the year ended 31 May 2024
Room 8 Hair And Beauty Limited
Unaudited accounts
Contents
Room 8 Hair And Beauty Limited
Company Information
for the year ended 31 May 2024
Company Number
10200349 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
United Kingdom
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Room 8 Hair And Beauty Limited
Statement of financial position
as at 31 May 2024
Intangible assets
42,300
45,825
Tangible assets
18,464
22,086
Cash at bank and in hand
2,607
18,216
Creditors: amounts falling due within one year
(52,927)
(61,801)
Net current liabilities
(25,693)
(11,305)
Total assets less current liabilities
35,071
56,606
Creditors: amounts falling due after more than one year
(10,033)
(20,140)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
24,230
35,646
Shareholders' funds
24,240
35,656
For the year ending 31 May 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 3 March 2025 and were signed on its behalf by
Yuyao Wang
Director
Company Registration No. 10200349
Room 8 Hair And Beauty Limited
Notes to the Accounts
for the year ended 31 May 2024
Room 8 Hair And Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 10200349. The registered office is 203 West Street, Fareham, PO16 0EN, United Kingdom.
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.
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.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on cost
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.
4
Intangible fixed assets
Goodwill
Room 8 Hair And Beauty Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
19,905
72,219
4,552
96,676
At 31 May 2024
19,905
73,361
4,552
97,818
At 1 June 2023
14,351
56,385
3,854
74,590
Charge for the year
1,111
3,395
258
4,764
At 31 May 2024
15,462
59,780
4,112
79,354
At 31 May 2024
4,443
13,581
440
18,464
At 31 May 2023
5,554
15,834
698
22,086
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,800
10,800
Trade creditors
10,112
4,259
Taxes and social security
12,391
22,731
Loans from directors
18,450
24,011
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan accounts
(24,011)
-
(5,561)
(18,450)
(24,011)
-
(5,561)
(18,450)
10
Average number of employees
During the year the average number of employees was 14 (2023: 14).