REGISTERED NUMBER: 07438482 (England and Wales)

The Partners Barber Shop Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Hall

SECRETARY:

Mrs M Hall

REGISTERED OFFICE:

42 The Strand

Longton

Stoke on Trent

Staffordshire

ST3 2JN

REGISTERED NUMBER:

07438482 (England and Wales)

ACCOUNTANTS:

Slaters & Co Accountants

Lymore Villa

162a London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

FIXED ASSETS

Tangible assets

5

6,852

8,566

CURRENT ASSETS

Stocks

575

675

Debtors

6

701

1,022

Cash at bank and in hand

46,236

49,976

47,512

51,673

CREDITORS

Amounts falling due within one year

7

22,110

22,492

NET CURRENT ASSETS

25,402

29,181

TOTAL ASSETS LESS CURRENT LIABILITIES

32,254

37,747

CREDITORS

Amounts falling due after more than one year

8

(3,000

)

(9,000

)

PROVISIONS FOR LIABILITIES

(1,302

)

(1,628

)

NET ASSETS

27,952

27,119

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

27,950

27,117

SHAREHOLDERS' FUNDS

27,952

27,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:

D Hall - Director

1.	STATUTORY INFORMATION

The Partners Barber Shop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoice value of goods / services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

16,505

6,600

23,105

DEPRECIATION

At 1 January 2024

11,318

3,221

14,539

Charge for year

1,038

676

1,714

At 31 December 2024

12,356

3,897

16,253

NET BOOK VALUE

At 31 December 2024

4,149

2,703

6,852

At 31 December 2023

5,187

3,379

8,566

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

701

1,022

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,000

6,000

Taxation and social security

14,290

14,922

Other creditors

1,820

1,570

22,110

22,492

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

3,000

9,000