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REGISTERED NUMBER: 12498119 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 July 2024

for

Joseph Davies Barbering Ltd

Joseph Davies Barbering Ltd (Registered number: 12498119)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Joseph Davies Barbering Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S L Davies
J J B Davies





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 12498119 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Joseph Davies Barbering Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Joseph Davies Barbering Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Joseph Davies Barbering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Joseph Davies Barbering Ltd and state those matters that we have agreed to state to the Board of Directors of Joseph Davies Barbering Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Joseph Davies Barbering Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Joseph Davies Barbering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Joseph Davies Barbering Ltd. You consider that Joseph Davies Barbering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Joseph Davies Barbering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


15 April 2025

Joseph Davies Barbering Ltd (Registered number: 12498119)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,658 4,599

CURRENT ASSETS
Stocks 400 500
Debtors 5 556 600
Cash at bank and in hand 8,515 1,326
9,471 2,426
CREDITORS
Amounts falling due within one year 6 14,896 17,903
NET CURRENT LIABILITIES (5,425 ) (15,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,767

)

(10,878

)

PROVISIONS FOR LIABILITIES 915 835
NET LIABILITIES (2,682 ) (11,713 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (2,782 ) (11,813 )
SHAREHOLDERS' FUNDS (2,682 ) (11,713 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Joseph Davies Barbering Ltd (Registered number: 12498119)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




J J B Davies - Director



S L Davies - Director


Joseph Davies Barbering Ltd (Registered number: 12498119)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Joseph Davies Barbering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 25% reducing balance

Stocks
Stocks are stated 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 stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Joseph Davies Barbering Ltd (Registered number: 12498119)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 400 6,387 500 7,287
DEPRECIATION
At 1 August 2023 231 2,238 219 2,688
Charge for year 42 829 70 941
At 31 July 2024 273 3,067 289 3,629
NET BOOK VALUE
At 31 July 2024 127 3,320 211 3,658
At 31 July 2023 169 4,149 281 4,599

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Prepayments and accrued income 556 600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 126 2,112
Corporation tax 5,039 1,523
Directors' current accounts 7,259 11,940
Accruals and deferred income 2,472 2,328
14,896 17,903

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

8. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £14,175 (2023 - £25,515)

Joseph Davies Barbering Ltd (Registered number: 12498119)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


9. GOING CONCERN

The company relies on the continuing support of its directors. The directors has agreed to continue to support the company for the foreseeable future as necessary.

10. ILLEGAL DIVIDENDS NOTE

During the year, under Section 830 of the Companies Act 2006 excess dividends were paid inadvertently. The directors do not intend to take any further dividends until reserves are adequate for them to do so.