HAIR BY DAVID LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
20,687
22,758
Cash at bank and in hand
30,633
39,626
Creditors: amounts falling due within one year
(52,044)
(51,896)
Net current liabilities
(17,950)
(11,540)
Total assets less current liabilities
2,737
11,218
Creditors: amounts falling due after more than one year
(7,013)
(14,350)
Provisions for liabilities
Deferred tax
(3,929)
(3,411)
Net liabilities
(8,205)
(6,543)
Called up share capital
1
1
Profit and loss account
(8,206)
(6,544)
Shareholders' funds
(8,205)
(6,543)
For the year ending 30 September 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 his 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 18 March 2025 and were signed on its behalf by
S Mulligan
Director
Company Registration No. 12182915
HAIR BY DAVID LIMITED
Notes to the Accounts
for the year ended 30 September 2024
HAIR BY DAVID LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12182915. The registered office is THE CORNER HOUSE S A ACCOUNTANCY, 4 BEAUMONT ROAD, CHURCH STRETTON, SHROPSHIRE, SY6 6BN, 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:
Land & buildings
5% per annum reducing balance
Plant & machinery
5% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
19,942
325
15,187
35,454
At 30 September 2024
19,942
325
15,187
35,454
At 1 October 2023
3,699
31
8,966
12,696
Charge for the year
812
15
1,244
2,071
At 30 September 2024
4,511
46
10,210
14,767
At 30 September 2024
15,431
279
4,977
20,687
At 30 September 2023
16,243
294
6,221
22,758
HAIR BY DAVID LIMITED
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
3,375
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,350
9,324
Taxes and social security
5,608
5,723
Loans from directors
35,632
35,847
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).