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REGISTERED NUMBER: 11862782 (England and Wales)











Unaudited Financial Statements for the Year Ended 31st March 2024

for

B20 Salons Ltd

B20 Salons Ltd (Registered number: 11862782)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

B20 Salons Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mrs G C Yates-Lee





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 11862782 (England and Wales)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

B20 Salons Ltd (Registered number: 11862782)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,325 17,325

CURRENT ASSETS
Stocks 250 250
Debtors 5 13,986 13,986
Cash at bank 11,076 11,076
25,312 25,312
CREDITORS
Amounts falling due within one year 6 82,033 82,033
NET CURRENT LIABILITIES (56,721 ) (56,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(39,396

)

(39,396

)

CREDITORS
Amounts falling due after more than one year 7 41,667 41,667
NET LIABILITIES (81,063 ) (81,063 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (81,064 ) (81,064 )
(81,063 ) (81,063 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31st March 2024.

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

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2025 and were signed by:





Mrs G C Yates-Lee - Director


B20 Salons Ltd (Registered number: 11862782)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

B20 Salons 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 from the running of a hair salon, 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 etc - 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

B20 Salons Ltd (Registered number: 11862782)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 26,713
DEPRECIATION
At 1st April 2023
and 31st March 2024 9,388
NET BOOK VALUE
At 31st March 2024 17,325
At 31st March 2023 17,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,986 13,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 28,572 28,572
Taxation and social security 27,190 27,190
Other creditors 17,938 17,938
82,033 82,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 41,667 41,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,667 1,667

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mrs G C Yates-Lee
Balance outstanding at start of year 13,986 27,527
Amounts repaid - (13,541 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,986

B20 Salons Ltd (Registered number: 11862782)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Tax will be paid in accordance with s455 CTA 2010.

9. RELATED PARTY DISCLOSURES

At 31st March 2024, the company was owed the sum of £13,986 from Mrs G C Yates-Lee by way of a director's loan account (2023 - £13,996). This sum is repayable on demand and no interest is charged on the sum advanced.

B20 Salons Ltd

Report of the Accountants to the Director of
B20 Salons Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


16th April 2025