| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 September 2023 to 31 January 2025 |
| for |
| NEW VILLAGE BARBERS LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 September 2023 to 31 January 2025 |
| for |
| NEW VILLAGE BARBERS LIMITED |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Contents of the Financial Statements |
| for the Period 1 September 2023 to 31 January 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NEW VILLAGE BARBERS LIMITED |
| Company Information |
| for the Period 1 September 2023 to 31 January 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Oakfield House |
| 378 Brandon Street |
| Motherwell |
| ML1 1XA |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Balance Sheet |
| 31 January 2025 |
| 2025 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The director acknowledges his 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. |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Balance Sheet - continued |
| 31 January 2025 |
| The financial statements were approved by the director and authorised for issue on |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Notes to the Financial Statements |
| for the Period 1 September 2023 to 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| New Village Barbers Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Basic financial instruments |
| Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2023 to 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Going concern |
| The company ceased trading on 31 January 2025 and as a result the director considered the going concern basis of accounts preparation inappropriate. The accounts have been prepared on a break up basis with assets stated at realisable value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2023 |
| and 31 January 2025 |
| AMORTISATION |
| At 1 September 2023 |
| Charge for period |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 August 2023 |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2023 to 31 January 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 September 2023 |
| and 31 January 2025 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for period |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 August 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 31 January 2025 and the year ended 31 August 2023: |
| 2025 | 2023 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| NEW VILLAGE BARBERS LIMITED (REGISTERED NUMBER: SC671500) |
| Notes to the Financial Statements - continued |
| for the Period 1 September 2023 to 31 January 2025 |
| 8. | RELATED PARTY DISCLOSURES |
| £51,000 was owed to the parent company, G64 Trading Limited at 31 January 2025 and 31 August 2023. |
| On cessation of trade on 31 January 2025 and given the company's inability to make any repayments the loan was deemed irrecoverable by the lender G64 Trading Limited. As a result the amount of the loanoutstanding, £51,00, has been credited to the profit and loss. |
| Rental of £15,000 (£15,000 - 2023) was due to G64 Trading Limited, on commercial terms, during the period. |