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Registered number: 5174529
ROGERS BARBER SHOPS LIMITED
Financial Statements
For The Year Ended 31 July 2024
Arthur G Edwards & Co Limited
Chartered Certified Accountants
Alexandra House
74 Moorland Road
Stoke-on-Trent
Staffs
ST6 1DY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5174529
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,844 10,824
Tangible Assets 5 45,877 48,329
50,721 59,153
CURRENT ASSETS
Stocks 12,850 12,250
Debtors 6 3,545 2,925
Cash at bank and in hand 10,238 14,392
26,633 29,567
Creditors: Amounts Falling Due Within One Year 7 (52,663 ) (42,015 )
NET CURRENT ASSETS (LIABILITIES) (26,030 ) (12,448 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,691 46,705
Creditors: Amounts Falling Due After More Than One Year 8 (11,296 ) (20,959 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,410 ) (8,809 )
NET ASSETS 4,985 16,937
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 4,885 16,837
SHAREHOLDERS' FUNDS 4,985 16,937
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Machin
Director
22/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ROGERS BARBER SHOPS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 5174529 . The registered office is Alexandra House, 74 Moorland Road, Stoke-on-Trent, Staffs, ST6 1DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents monies received for the provision of goods and services by the company, net of value added tax.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 10% reducing balance
2.5. Taxation
The corporation tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit before taxation as reported in the profit and loss account because of adjustments made for capital allowances and dissallowable items of expenditure. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax is measured at the tax rates that are expected to apply in the period in which the assets are realised. Deferred tax liabilities are presented within provisions for liabilities.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 23)
22 23
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 119,598
As at 31 July 2024 119,598
Amortisation
As at 1 August 2023 108,774
Provided during the period 5,980
As at 31 July 2024 114,754
Net Book Value
As at 31 July 2024 4,844
As at 1 August 2023 10,824
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 1,600 108,679 110,279
Additions - 2,758 2,758
As at 31 July 2024 1,600 111,437 113,037
Depreciation
As at 1 August 2023 925 61,025 61,950
Provided during the period 169 5,041 5,210
As at 31 July 2024 1,094 66,066 67,160
Net Book Value
As at 31 July 2024 506 45,371 45,877
As at 1 August 2023 675 47,654 48,329
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,000 2,500
Other debtors 286 425
Directors' loan accounts 259 -
3,545 2,925
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,502 2,537
Bank loans and overdrafts 20,473 9,023
Corporation tax 7,156 4,739
Other taxes and social security 4,637 6,454
VAT 9,270 13,274
Accruals and deferred income 5,625 5,350
Directors' loan accounts - 638
52,663 42,015
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,296 20,959
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Peter Machin by virtue of his ownership of 51% of the issued share capital in the company.
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