Registered number
11011028
Village Barber Shop (London) Limited
Unaudited Filleted Accounts
31 January 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
Village Barber Shop (London) Limited
Registered number: 11011028
Balance Sheet
as at 31 January 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 4 - 311,927
Current assets
Cash at bank and in hand - 15,904
Creditors: amounts falling due within one year 5 (17,210) (125,864)
Net current liabilities (17,210) (109,960)
Total assets less current liabilities (17,210) 201,967
Creditors: amounts falling due after more than one year 6 - (200,360)
Net (liabilities)/assets (17,210) 1,607
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,310) 1,507
Shareholder's funds (17,210) 1,607
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M Ghiasvand
Director
Approved by the board on 29 April 2025
Village Barber Shop (London) Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 January 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 . Turnover includes revenue earned from the rendering of services. 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:
Fixtures, fittings, tools and equipment 25% reducing balance
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Going concern
Notwithstanding the net assets deficiency, the financial statement have been prepared on a
going concern basis as in the opinion of the director, the company has sufficient financial
support from its creditors and shareholder to pay its debts as they fall due.
3 Employees 2024 2022
Number Number
Average number of persons employed by the company 4 3
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 309,642 4,575 314,217
Disposals (309,642) (4,575) (314,217)
At 31 January 2024 - - -
Depreciation
At 1 August 2022 - 2,290 2,290
On disposals - (2,290) (2,290)
At 31 January 2024 - - -
Net book value
At 31 January 2024 - - -
At 31 July 2022 309,642 2,285 311,927
5 Creditors: amounts falling due within one year 2024 2022
£ £
Bank loans and overdrafts - 7,180
Taxation and social security costs - 5,640
Other creditors 17,210 113,044
17,210 125,864
6 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans - 200,360
7 Controlling party
The company was under the control of Mr M Ghiasvand, Director and Shareholder of the company, throughout the year.
8 Other information
Village Barber Shop (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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