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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
Page
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Philip Day Hairdressing Limited Company Information for the year ended 30 September 2024
Director
Philip Day
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
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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
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Philip Day Hairdressing Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
193 
1,213 
Current assets
Debtors
1,740 
1,740 
Cash at bank and in hand
23,061 
20,949 
24,801 
22,689 
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)
Net assets
13,899 
9,503 
Capital and reserves
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
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Philip Day Hairdressing Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
Financial instruments
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.
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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 
Disposals
(869)
- 
(869)
At 30 September 2024
755 
9,684 
10,439 
Depreciation
At 1 October 2023
411 
9,684 
10,095 
Charge for the year
151 
- 
151 
At 30 September 2024
562 
9,684 
10,246 
Net book value
At 30 September 2024
193 
- 
193 
At 30 September 2023
1,213 
- 
1,213 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
256 
256 
Amounts falling due after more than one year
Trade debtors
1,484 
1,484 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,116 
4,245 
Taxes and social security
3,204 
1,279 
Accruals
750 
750 
7,070 
6,274 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,025 
8,125 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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