Company registration number 08165378 (England and Wales)
LOX (ROTHERFIELD) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LOX (ROTHERFIELD) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
LOX (ROTHERFIELD) LIMITED (REGISTERED NUMBER: 08165378)
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
16,563
15,094
Investment property
4
14,750
-
0
31,313
15,094
Current assets
Stocks
14,469
13,522
Debtors
5
7,162
3,088
Cash at bank and in hand
167,016
131,916
188,647
148,526
Creditors: amounts falling due within one year
6
(42,434)
(30,170)
Net current assets
146,213
118,356
Total assets less current liabilities
177,526
133,450
Provisions for liabilities
(3,112)
(2,240)
Net assets
174,414
131,210
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
174,314
131,110
Total equity
174,414
131,210

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

LOX (ROTHERFIELD) LIMITED (REGISTERED NUMBER: 08165378)
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 13 May 2025 and are signed on its behalf by:
Mrs F Elvy
Director
LOX (ROTHERFIELD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Lox (Rotherfield) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor (Right) Downe House, 303 High Street, Orpington, Kent, United Kingdom, BR6 0NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for hairdressing services net of VAT. Turnover is recognised at point of sale based on pre-determined prices for respective services.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
25% on reducing balance
Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

LOX (ROTHERFIELD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
7
3
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 December 2023
7,420
6,815
27,782
2,881
44,898
Additions
-
0
802
4,855
724
6,381
At 30 November 2024
7,420
7,617
32,637
3,605
51,279
Depreciation and impairment
At 1 December 2023
4,010
5,649
17,497
2,648
29,804
Depreciation charged in the year
853
363
3,382
314
4,912
At 30 November 2024
4,863
6,012
20,879
2,962
34,716
Carrying amount
At 30 November 2024
2,557
1,605
11,758
643
16,563
At 30 November 2023
3,410
1,166
10,285
233
15,094
LOX (ROTHERFIELD) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
4
Investment property
2024
£
Fair value
At 1 December 2023
-
0
Additions
14,750
At 30 November 2024
14,750
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
7,162
3,088
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,008
1,734
Taxation and social security
27,408
18,605
Other creditors
13,018
9,831
42,434
30,170
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