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Registration number: 07806614

Werrington Salon Limited

Unaudited Financial Statements

for the Year Ended 30 January 2024

 

Werrington Salon Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Werrington Salon Limited

(Registration number: 07806614)
Balance Sheet as at 30 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

2,738

3,221

Current assets

 

Stocks

1,100

1,100

Debtors

6

1,340

1,260

Cash at bank and in hand

 

2,616

1,221

 

5,056

3,581

Creditors: Amounts falling due within one year

7

(17,061)

(16,403)

Net current liabilities

 

(12,005)

(12,822)

Total assets less current liabilities

 

(9,267)

(9,601)

Provisions for liabilities

(520)

(612)

Net liabilities

 

(9,787)

(10,213)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(9,887)

(10,313)

Shareholders' deficit

 

(9,787)

(10,213)

 

Werrington Salon Limited

(Registration number: 07806614)
Balance Sheet as at 30 January 2024

For the financial year ending 30 January 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Miss C F Challinor
Director

 

Werrington Salon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
7 Johnstone Avenue
Werrington
Stoke-on-Trent
Staffordshire
ST9 0DY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the director. The director considers that these facilities will continue to be made available to the company. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

 

Werrington Salon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

Tax

The tax expense for the period comprises current and deferred tax.

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

Deferred tax is recognised on temporary differences arising between the tax rates of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

straight line over 10 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Werrington Salon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 31 January 2023

20,000

20,000

At 30 January 2024

20,000

20,000

Amortisation

At 31 January 2023

20,000

20,000

At 30 January 2024

20,000

20,000

Carrying amount

At 30 January 2024

-

-

5

Tangible assets

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 31 January 2023

7,158

7,158

At 30 January 2024

7,158

7,158

Depreciation

At 31 January 2023

3,937

3,937

Charge for the year

483

483

At 30 January 2024

4,420

4,420

Carrying amount

At 30 January 2024

2,738

2,738

At 30 January 2023

3,221

3,221

 

Werrington Salon Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

1,340

1,260

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

66

Social security

-

365

Other creditors

17,061

15,972

17,061

16,403