Registered number
12213958
Leigh-Marie Hair & Beauty Ltd
Filleted Accounts
31 August 2024
Leigh-Marie Hair & Beauty Ltd
Registered number: 12213958
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 78 92
Current assets
Cash at bank and in hand 31,374 44,129
Creditors: amounts falling due within one year 4 (8,513) (18,669)
Net current assets 22,861 25,460
Net assets 22,939 25,552
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,839 25,452
Shareholders' funds 22,939 25,552
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Jessica Tomlinson
Director
Approved by the board on 27 May 2025
Leigh-Marie Hair & Beauty Ltd
Notes to the Accounts
for the year ended 31 August 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 150
At 31 August 2024 150
Depreciation
At 1 September 2023 58
Charge for the year 14
At 31 August 2024 72
Net book value
At 31 August 2024 78
At 31 August 2023 92
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,145 7,131
Directors Loan Account 1,480 10,746
Other creditors 888 792
8,513 18,669
5 Other information
Leigh-Marie Hair & Beauty Ltd is a private company limited by shares and incorporated in England. Its registered office is:
131 Bath Street
Ilkeston
Derbyshire
DE7 8AP
Leigh-Marie Hair & Beauty Ltd 12213958 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Jessica Tomlinson No description of principal activity 12213958 2022-09-01 2023-08-31 12213958 core:WithinOneYear 2023-08-31 12213958 core:ShareCapital 2023-08-31 12213958 core:RetainedEarningsAccumulatedLosses 2023-08-31 12213958 2023-09-01 2024-08-31 12213958 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12213958 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12213958 bus:Director40 2023-09-01 2024-08-31 12213958 2 2023-09-01 2024-08-31 12213958 core:PlantMachinery 2023-09-01 2024-08-31 12213958 countries:England 2023-09-01 2024-08-31 12213958 bus:FRS102 2023-09-01 2024-08-31 12213958 bus:FilletedAccounts 2023-09-01 2024-08-31 12213958 2024-08-31 12213958 core:WithinOneYear 2024-08-31 12213958 core:ShareCapital 2024-08-31 12213958 core:RetainedEarningsAccumulatedLosses 2024-08-31 12213958 core:PlantMachinery 2024-08-31 12213958 2023-08-31 12213958 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure