3 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10232157 2023-10-01 2024-09-30 10232157 2024-09-30 10232157 2023-09-30 10232157 2022-10-01 2023-09-30 10232157 2023-09-30 10232157 2022-09-30 10232157 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 10232157 bus:Director1 2023-10-01 2024-09-30 10232157 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 10232157 core:FurnitureFittingsToolsEquipment 2023-09-30 10232157 core:LandBuildings core:ShortLeaseholdAssets 2024-09-30 10232157 core:FurnitureFittingsToolsEquipment 2024-09-30 10232157 core:WithinOneYear 2024-09-30 10232157 core:WithinOneYear 2023-09-30 10232157 core:AfterOneYear 2024-09-30 10232157 core:AfterOneYear 2023-09-30 10232157 core:ShareCapital 2024-09-30 10232157 core:ShareCapital 2023-09-30 10232157 core:RetainedEarningsAccumulatedLosses 2024-09-30 10232157 core:RetainedEarningsAccumulatedLosses 2023-09-30 10232157 core:LandBuildings core:ShortLeaseholdAssets 2023-09-30 10232157 core:FurnitureFittingsToolsEquipment 2023-09-30 10232157 bus:SmallEntities 2023-10-01 2024-09-30 10232157 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10232157 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10232157 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10232157 bus:FullAccounts 2023-10-01 2024-09-30
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
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 155 308
_______ _______
155 308
Current assets
Stocks 280 220
Cash at bank and in hand 390 1,117
_______ _______
670 1,337
Creditors: amounts falling due
within one year 6 ( 46,092) ( 48,403)
_______ _______
Net current liabilities ( 45,422) ( 47,066)
_______ _______
Total assets less current liabilities ( 45,267) ( 46,758)
Creditors: amounts falling due
after more than one year 7 ( 6,487) ( 9,244)
_______ _______
Net liabilities ( 51,754) ( 56,002)
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account ( 51,764) ( 56,012)
_______ _______
Shareholders deficit ( 51,754) ( 56,002)
_______ _______
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:
Fittings fixtures and equipment - 20 % straight line
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
Short leasehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 October 2023 and 30 September 2024 1,662 15,877 17,539
_______ _______ _______
Depreciation
At 1 October 2023 1,661 15,570 17,231
Charge for the year - 153 153
_______ _______ _______
At 30 September 2024 1,661 15,723 17,384
_______ _______ _______
Carrying amount
At 30 September 2024 1 154 155
_______ _______ _______
At 30 September 2023 1 307 308
_______ _______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,950 2,950
Social security and other taxes 430 -
Other creditors 42,712 45,453
_______ _______
46,092 48,403
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 6,487 9,244
_______ _______