Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30true2023-07-01falseNo description of principal activity13trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12699035 2023-07-01 2024-06-30 12699035 2022-07-01 2023-06-30 12699035 2024-06-30 12699035 2023-06-30 12699035 c:Director3 2023-07-01 2024-06-30 12699035 d:OfficeEquipment 2023-07-01 2024-06-30 12699035 d:OfficeEquipment 2024-06-30 12699035 d:OfficeEquipment 2023-06-30 12699035 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 12699035 d:CurrentFinancialInstruments 2024-06-30 12699035 d:CurrentFinancialInstruments 2023-06-30 12699035 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 12699035 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12699035 d:ShareCapital 2024-06-30 12699035 d:ShareCapital 2023-06-30 12699035 d:RetainedEarningsAccumulatedLosses 2024-06-30 12699035 d:RetainedEarningsAccumulatedLosses 2023-06-30 12699035 c:OrdinaryShareClass1 2023-07-01 2024-06-30 12699035 c:OrdinaryShareClass1 2024-06-30 12699035 c:OrdinaryShareClass1 2023-06-30 12699035 c:FRS102 2023-07-01 2024-06-30 12699035 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12699035 c:FullAccounts 2023-07-01 2024-06-30 12699035 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12699035 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12699035









VINNIE'S BARBERS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
VINNIE'S BARBERS LTD
REGISTERED NUMBER: 12699035

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
510
1,019

  
510
1,019

Current assets
  

Stocks
  
177
177

Debtors: amounts falling due within one year
 5 
22,830
21,317

Cash at bank and in hand
  
3,762
2,252

  
26,769
23,746

Creditors: amounts falling due within one year
 6 
(8,405)
(6,431)

Net current assets
  
 
 
18,364
 
 
17,315

Total assets less current liabilities
  
18,874
18,334

  

Net assets
  
18,874
18,334


Capital and reserves
  

Called up share capital 
 7 
18,000
18,000

Profit and loss account
  
874
334

  
18,874
18,334


Page 1

 
VINNIE'S BARBERS LTD
REGISTERED NUMBER: 12699035
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2025.




................................................
Piers Denny
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
VINNIE'S BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 12699035. The Company's registered office is 253a Mary Vale Road, Birmingham, England, B30 1PN. 
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
VINNIE'S BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
VINNIE'S BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 3).

Page 5

 
VINNIE'S BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2023
2,549



At 30 June 2024

2,549



Depreciation


At 1 July 2023
1,529


Charge for the year on owned assets
510



At 30 June 2024

2,039



Net book value



At 30 June 2024
510



At 30 June 2023
1,019

Page 6

 
VINNIE'S BARBERS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Other debtors
4,830
3,317

Called up share capital not paid
18,000
18,000

22,830
21,317



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
6,110
3,593

Other creditors
765
18

Accruals and deferred income
1,530
2,820

8,405
6,431



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3 (2023 - 3) Ordinary shares of £6,000.00 each
18,000
18,000



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £17 (2023: £17) were payable to the fund at the balance sheet date.


9.


Transactions with directors

As at the balance sheet date £3,060 (2023: £1,546) was due from the director. The loan is interest free and repayable upon demand. 

 
Page 7