The Yorkshire Barber Limited 11625646 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Hairdressing Digita Accounts Production Advanced 6.30.9574.0 true true 11625646 2023-11-01 2024-10-31 11625646 2024-10-31 11625646 bus:OrdinaryShareClass1 2024-10-31 11625646 core:RetainedEarningsAccumulatedLosses 2024-10-31 11625646 core:ShareCapital 2024-10-31 11625646 core:CurrentFinancialInstruments 2024-10-31 11625646 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11625646 core:Non-currentFinancialInstruments 2024-10-31 11625646 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11625646 core:FurnitureFittingsToolsEquipment 2024-10-31 11625646 1 2024-10-31 11625646 bus:SmallEntities 2023-11-01 2024-10-31 11625646 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11625646 bus:FilletedAccounts 2023-11-01 2024-10-31 11625646 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11625646 bus:RegisteredOffice 2023-11-01 2024-10-31 11625646 bus:Director1 2023-11-01 2024-10-31 11625646 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11625646 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11625646 core:FurnitureFittings 2023-11-01 2024-10-31 11625646 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 11625646 countries:AllCountries 2023-11-01 2024-10-31 11625646 1 2023-11-01 2024-10-31 11625646 2023-10-31 11625646 core:FurnitureFittingsToolsEquipment 2023-10-31 11625646 1 2023-10-31 11625646 2022-11-01 2023-10-31 11625646 2023-10-31 11625646 bus:OrdinaryShareClass1 2023-10-31 11625646 core:RetainedEarningsAccumulatedLosses 2023-10-31 11625646 core:ShareCapital 2023-10-31 11625646 core:CurrentFinancialInstruments 2023-10-31 11625646 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11625646 core:Non-currentFinancialInstruments 2023-10-31 11625646 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 11625646 core:FurnitureFittingsToolsEquipment 2023-10-31 11625646 1 2023-10-31 11625646 1 2022-11-01 2023-10-31 11625646 1 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11625646

The Yorkshire Barber Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

The Yorkshire Barber Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Yorkshire Barber Limited

(Registration number: 11625646)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

362

 

365

Current assets

   

 

Debtors

5

10,088

 

8,118

 

Cash at bank and in hand

 

4,933

 

2,116

 

 

15,021

 

10,234

 

Creditors: Amounts falling due within one year

6

(45,520)

 

(48,161)

 

Net current liabilities

   

(30,499)

 

(37,927)

Total assets less current liabilities

   

(30,137)

 

(37,562)

Creditors: Amounts falling due after more than one year

6

 

(1,200)

 

(2,800)

Net liabilities

   

(31,337)

 

(40,362)

Capital and reserves

   

 

Called up share capital

8

1,000

 

1,000

 

Retained earnings

(32,337)

 

(41,362)

 

Shareholders' deficit

   

(31,337)

 

(40,362)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 May 2025
 

.........................................
Mr J D Matthew
Director

 

The Yorkshire Barber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
38 Ghyll Wood Drive
Bingley
BD16 1NF

These financial statements were authorised for issue by the director on 6 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Going concern

The company has the ongoing support of an external third party who have confirmed they will not call for repayment of their loan to the detriment of the company. Having considered the validity of the going concern in relation to these accounts, the directors have concluded that the company will continue in operation for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

4 years straight line

 

The Yorkshire Barber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

The Yorkshire Barber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2023

24,634

24,634

Additions

139

139

At 31 October 2024

24,773

24,773

Depreciation

At 1 November 2023

24,269

24,269

Charge for the year

142

142

At 31 October 2024

24,411

24,411

Carrying amount

At 31 October 2024

362

362

At 31 October 2023

365

365

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

71

Prepayments

248

236

Other debtors

9,840

7,811

 

10,088

8,118

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,600

1,600

Trade creditors

 

2,027

-

Taxation and social security

 

2,812

4,678

Accruals and deferred income

 

2,130

2,240

Other creditors

 

36,951

39,643

 

45,520

48,161


 

 

The Yorkshire Barber Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,200

2,800

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,200

2,800

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,600

1,600

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

9

Related party transactions

Transactions with the director

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Interest free advance

7,811

24,675

(25,282)

7,204

 

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Interest free advance

3,342

7,811

(3,342)

7,811