Company Registration No. 07768538 (England and Wales)
Philip Day Hairdressing Limited
Unaudited accounts
for the year ended 30 September 2024
Philip Day Hairdressing Limited
Unaudited accounts
Contents
Philip Day Hairdressing Limited
Company Information
for the year ended 30 September 2024
Company Number
07768538 (England and Wales)
Registered Office
10A MILL STREET
WANTAGE
OXFORDSHIRE
OX12 9AQ
Accountants
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
Philip Day Hairdressing Limited
Accountants' report
Accountants' report to the director of Philip Day Hairdressing Limited on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Philip Day Hairdressing Limited for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Philip Day Hairdressing Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of Philip Day Hairdressing Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Day Hairdressing Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Philip Day Hairdressing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Philip Day Hairdressing Limited. You consider that Philip Day Hairdressing Limited 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 accounts of Philip Day Hairdressing Limited. 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 accounts.
J JENKIN & ASSOCIATES LIMITED
POST OFFICE VAULTS
4 MARKET PLACE
WANTAGE
OXFORDSHIRE
OX12 8AT
15 April 2025
Philip Day Hairdressing Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
23,061
20,949
Creditors: amounts falling due within one year
(7,070)
(6,274)
Net current assets
17,731
16,415
Total assets less current liabilities
17,924
17,628
Creditors: amounts falling due after more than one year
(4,025)
(8,125)
Called up share capital
1
1
Profit and loss account
13,898
9,502
Shareholders' funds
13,899
9,503
For the year ending 30 September 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2025 and were signed on its behalf by
Philip Day
Director
Company Registration No. 07768538
Philip Day Hairdressing Limited
Notes to the Accounts
for the year ended 30 September 2024
Philip Day Hairdressing Limited is a private company, limited by shares, registered in England and Wales, registration number 07768538. The registered office is 10A MILL STREET, WANTAGE, OXFORDSHIRE, OX12 9AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20 % straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Philip Day Hairdressing Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
1,624
9,684
11,308
At 30 September 2024
755
9,684
10,439
At 1 October 2023
411
9,684
10,095
Charge for the year
151
-
151
At 30 September 2024
562
9,684
10,246
At 30 September 2024
193
-
193
At 30 September 2023
1,213
-
1,213
Amounts falling due within one year
Deferred tax asset
256
256
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,116
4,245
Taxes and social security
3,204
1,279
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).