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COMPANY REGISTRATION NUMBER: 12945106
EAGLE AND BEAR BARBERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
EAGLE AND BEAR BARBERS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
12,419
13,431
CURRENT ASSETS
Stocks
687
1,102
Cash at bank and in hand
33,507
19,528
--------
--------
34,194
20,630
CREDITORS: amounts falling due within one year
6
31,681
29,108
--------
--------
NET CURRENT ASSETS/(LIABILITIES)
2,513
( 8,478)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,932
4,953
--------
-------
NET ASSETS
14,932
4,953
--------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
14,931
4,952
--------
-------
SHAREHOLDERS FUNDS
14,932
4,953
--------
-------
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 31 October 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 .
EAGLE AND BEAR BARBERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
Miss C H Chambers
Director
Company registration number: 12945106
EAGLE AND BEAR BARBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 60 Ryhall Road, Stamford, Lincolnshire, PE9 1UF, 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.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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.
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:
Long leasehold property
-
20% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss .
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Long leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 November 2023
5,481
14,093
4,445
24,019
Additions
941
1,519
2,460
-------
--------
-------
--------
At 31 October 2024
5,481
15,034
5,964
26,479
-------
--------
-------
--------
Depreciation
At 1 November 2023
3,349
5,419
1,820
10,588
Charge for the year
1,116
1,442
914
3,472
-------
--------
-------
--------
At 31 October 2024
4,465
6,861
2,734
14,060
-------
--------
-------
--------
Carrying amount
At 31 October 2024
1,016
8,173
3,230
12,419
-------
--------
-------
--------
At 31 October 2023
2,132
8,674
2,625
13,431
-------
--------
-------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,787
6,372
Other creditors
24,894
22,736
--------
--------
31,681
29,108
--------
--------
7. OPERATING LEASES
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
12,000
12,000
Later than 1 year and not later than 5 years
12,000
12,000
--------
--------
24,000
24,000
--------
--------