Registered number
11470056
EAGLES BARBER LIMITED
Filleted Accounts
31 July 2024
EAGLES BARBER LIMITED
Registered number: 11470056
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,713 3,269
Current assets
Debtors 4 9,467 -
Cash at bank and in hand 34,659 50,172
44,126 50,172
Creditors: amounts falling due within one year 5 (6,913) (6,335)
Net current assets 37,213 43,837
Total assets less current liabilities 39,926 47,106
Creditors: amounts falling due after more than one year 6 - (33,611)
Net assets 39,926 13,495
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,826 13,395
Shareholders' funds 39,926 13,495
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Cetin Tas
Director
Approved by the board on 8 April 2025
EAGLES BARBER LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balanc
Fixtures, fittings, tools and equipment 20% reducing balanc
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 9,681
Additions 122
At 31 July 2024 9,803
Depreciation
At 1 August 2023 6,412
Charge for the year 678
At 31 July 2024 7,090
Net book value
At 31 July 2024 2,713
At 31 July 2023 3,269
4 Debtors 2024 2023
£ £
Other debtors 9,467 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 300 288
Taxation and social security costs 6,452 3,775
Other creditors 161 2,272
6,913 6,335
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 33,611
7 Other information
EAGLES BARBER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
311 Lea Bridge Road
London
England
E10 7NE
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