RAJ BARBERS LTD
Statement of financial position
as at 31 March 2025
Tangible assets
5,035
15,558
Cash at bank and in hand
5,303
7,830
Creditors: amounts falling due within one year
(162,361)
(167,203)
Net current liabilities
(155,648)
(158,272)
Total assets less current liabilities
(150,613)
(142,714)
Creditors: amounts falling due after more than one year
(80,310)
(90,344)
Net liabilities
(230,923)
(233,058)
Called up share capital
100
100
Revaluation reserve
13,300
13,300
Fair value reserve
(250,000)
(250,000)
Profit and loss account
5,677
3,542
Shareholders' funds
(230,923)
(233,058)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
DARSAN HARACCHANDE
Director
Company Registration No. 10668863
RAJ BARBERS LTD
Notes to the Accounts
for the year ended 31 March 2025
RAJ BARBERS LTD is a private company, limited by shares, registered in England and Wales, registration number 10668863. The registered office is 40 JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, HA6 1PA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight-Line
Computer equipment
20% Straight-Line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
41,230
6,099
47,329
Disposals
(12,000)
-
(12,000)
At 31 March 2025
32,230
6,099
38,329
At 1 April 2024
27,257
4,514
31,771
Charge for the year
995
528
1,523
At 31 March 2025
28,252
5,042
33,294
At 31 March 2025
3,978
1,057
5,035
At 31 March 2024
13,973
1,585
15,558
RAJ BARBERS LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Trade creditors
72,359
63,828
Taxes and social security
502
2,375
Proposed dividends
-
16,000
Loans from directors
89,500
85,000
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
70,000
70,000
7
Average number of employees
During the year the average number of employees was 3 (2024: 5).