Company registration number:
10232157
The Male Grooming Lounge Ltd
Unaudited filleted financial statements
30 September 2024
The Male Grooming Lounge Ltd
Statement of financial position
30 September 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
155 |
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308 |
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_______ |
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_______ |
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155 |
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308 |
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Current assets |
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Stocks |
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280 |
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220 |
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Cash at bank and in hand |
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390 |
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1,117 |
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_______ |
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_______ |
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670 |
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1,337 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
46,092) |
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(
48,403) |
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_______ |
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_______ |
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Net current liabilities |
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(
45,422) |
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(
47,066) |
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_______ |
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_______ |
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Total assets less current liabilities |
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(
45,267) |
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(
46,758) |
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Creditors: amounts falling due |
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after more than one year |
|
7 |
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(
6,487) |
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(
9,244) |
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_______ |
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_______ |
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Net liabilities |
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(
51,754) |
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(
56,002) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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10 |
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10 |
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Profit and loss account |
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(
51,764) |
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(
56,012) |
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_______ |
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_______ |
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Shareholders deficit |
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(
51,754) |
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(
56,002) |
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_______ |
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_______ |
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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.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 June 2025
, and are signed on behalf of the board by:
Mr Liam Sweeney
Mrs Nicola O'Brien
Director
Director
Company registration number:
10232157
The Male Grooming Lounge Ltd
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 2 Ambleside Drive, Kirkby, L33 2EF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the sales of goods and services to customers wholly undertaken in the United Kingdom.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
20 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Payments are made to an independant company and the contributions are included in the profit and loss account when they become payable.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
5.
Tangible assets
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Short leasehold property |
Fixtures, fittings and equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
1,662 |
15,877 |
17,539 |
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_______ |
_______ |
_______ |
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Depreciation |
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At 1 October 2023 |
1,661 |
15,570 |
17,231 |
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Charge for the year |
- |
153 |
153 |
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_______ |
_______ |
_______ |
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At 30 September 2024 |
1,661 |
15,723 |
17,384 |
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_______ |
_______ |
_______ |
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Carrying amount |
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At 30 September 2024 |
1 |
154 |
155 |
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_______ |
_______ |
_______ |
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At 30 September 2023 |
1 |
307 |
308 |
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_______ |
_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
|
2,950 |
2,950 |
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Social security and other taxes |
|
430 |
- |
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Other creditors |
|
42,712 |
45,453 |
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_______ |
_______ |
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46,092 |
48,403 |
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_______ |
_______ |
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7.
Creditors: amounts falling due after more than one year
|
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|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
6,487 |
9,244 |
|
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_______ |
_______ |
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