0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-31 Sage Accounts Production Advanced 2023 - FRS102_2023 4,125 3,155 146 3,301 824 970 xbrli:pure xbrli:shares iso4217:GBP 08464221 2023-03-31 2024-03-28 08464221 2024-03-28 08464221 2023-03-30 08464221 2022-04-01 2023-03-30 08464221 2023-03-30 08464221 2022-03-31 08464221 core:FurnitureFittings 2023-03-31 2024-03-28 08464221 bus:Director1 2023-03-31 2024-03-28 08464221 core:FurnitureFittings 2023-03-30 08464221 core:FurnitureFittings 2024-03-28 08464221 core:WithinOneYear 2024-03-28 08464221 core:WithinOneYear 2023-03-30 08464221 core:AfterOneYear 2024-03-28 08464221 core:AfterOneYear 2023-03-30 08464221 core:ShareCapital 2024-03-28 08464221 core:ShareCapital 2023-03-30 08464221 core:RetainedEarningsAccumulatedLosses 2024-03-28 08464221 core:RetainedEarningsAccumulatedLosses 2023-03-30 08464221 core:FurnitureFittings 2023-03-30 08464221 bus:SmallEntities 2023-03-31 2024-03-28 08464221 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-28 08464221 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-28 08464221 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-28 08464221 bus:FullAccounts 2023-03-31 2024-03-28
COMPANY REGISTRATION NUMBER: 08464221
NORTH LEEDS BARBERS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
28 March 2024
NORTH LEEDS BARBERS LIMITED
STATEMENT OF FINANCIAL POSITION
28 March 2024
28 Mar 24
30 Mar 23
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
824
970
CURRENT ASSETS
Stocks
50
31
Debtors
5
12,440
14,610
Cash at bank and in hand
716
553
--------
--------
13,206
15,194
CREDITORS: amounts falling due within one year
6
( 5,453)
( 4,817)
--------
--------
NET CURRENT ASSETS
7,753
10,377
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
8,577
11,347
CREDITORS: amounts falling due after more than one year
7
( 9,581)
( 10,695)
PROVISIONS
( 157)
( 184)
-------
--------
NET (LIABILITIES)/ASSETS
( 1,161)
468
-------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 1,261)
368
-------
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 1,161)
468
-------
----
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 period ending 28 March 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 period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
NORTH LEEDS BARBERS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
D Taylor
Director
Company registration number: 08464221
NORTH LEEDS BARBERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 31 MARCH 2023 TO 28 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 714 King Lane, Alwoodley, Leeds, West Yorkshire, LS17 7BA.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied inclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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:
Fixtures & Fittings
-
15% reducing balance
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 transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 31 March 2023 and 28 March 2024
4,125
-------
Depreciation
At 31 March 2023
3,155
Charge for the period
146
-------
At 28 March 2024
3,301
-------
Carrying amount
At 28 March 2024
824
-------
At 30 March 2023
970
-------
5. DEBTORS
28 Mar 24
30 Mar 23
£
£
Other debtors
12,440
14,610
--------
--------
6. CREDITORS: amounts falling due within one year
28 Mar 24
30 Mar 23
£
£
Bank loans and overdrafts
1,667
1,667
Corporation tax
438
438
Other creditors
3,348
2,712
-------
-------
5,453
4,817
-------
-------
7. CREDITORS: amounts falling due after more than one year
28 Mar 24
30 Mar 23
£
£
Bank loans and overdrafts
9,581
10,695
-------
--------