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Registered Number: SC615305
Scotland

 

 

 

MASTERS OF BARBERING LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Masters of Barbering Ltd
Contents Page
For the year ended 31 December 2024
Report to the directors on the preparation of the unaudited statutory accounts of Masters of Barbering Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Masters of Barbering Ltd for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Masters of Barbering Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Masters of Barbering Ltd and state those matters that we have agreed to state to the Board of Directors of Masters of Barbering Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Masters of Barbering Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Masters of Barbering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Masters of Barbering Ltd.You consider that Masters of Barbering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Masters of Barbering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 December 2024.



Glen Drummond FA LLP
12 Carron Place
Kelvin Industrial Estate
East Kilbride
G75 0YL
25 September 2025
1
 
 		 Notes
 		 2024
£		   2023
£
Current assets      
Debtors 21,143    25,843 
Cash at bank and in hand 255    443 
21,398    26,286 
Creditors: amount falling due within one year (25,063)   (28,812)
Net current assets (3,665)   (2,526)
 
Total assets less current liabilities (3,665)   (2,526)
Net assets (3,665)   (2,526)
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account (3,667)   (2,528)
Shareholders' funds (3,665)   (2,526)
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
Thomas MCGOVERN
Director
2
General Information
Masters of Barbering Ltd is a private company, limited by shares, registered in Scotland, registration number SC615305, registration address 12 Carron Place, Kelvin Industrial Estate, East Kilbride, G75 0YL. The trading address of the company is 31 Oswald Street, Glasgow, G1 4PE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3