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Registration number: 10601206

Caveman Barbers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Caveman Barbers Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Caveman Barbers Ltd

Company Information

Director | Mr Hakim Jamil Mohammed

Registered office | 12 Newman Avenue Beverley East Yorkshire HU17 7FB

Bankers | Natwest Bank

Accountants | Flexibility Professional Services (UK) Ltd Cherry Tree Court 36 Ferensway Hull East Yorkshire HU2 8NH

Caveman Barbers Ltd

(Registration number: 10601206)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 13,671 | 16,445
Current assets |  |  |
Stocks | 5 | 500 | 500
Debtors | 6 | 102,153 | 98,857
Cash at bank and in hand |  | 5,210 | 12,201
|  | 107,863 | 111,558
Creditors: Amounts falling due within one year | 7 | (141,672) | (111,360)
Net current (liabilities)/assets |  | (33,809) | 198
Total assets less current liabilities |  | (20,138) | 16,643
Creditors: Amounts falling due after more than one year | 7 | (1,637) | (11,314)
Provisions for liabilities |  | (1,737) | (2,627)
Net (liabilities)/assets |  | (23,512) | 2,702
Capital and reserves |  |  |
Called up share capital | 8 | 1,000 | 1,000
Retained earnings |  | (24,512) | 1,702
Shareholders' (deficit)/funds |  | (23,512) | 2,702

For the financial 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.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 May 2025

Caveman Barbers Ltd

(Registration number: 10601206)
Balance Sheet as at 31 March 2025

......................................... Mr Hakim Jamil Mohammed Director

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Newman Avenue
Beverley
East Yorkshire
HU17 7FB
United Kingdom

These financial statements were authorised for issue by the director on 9 May 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Reducing balance @ 20%
Office equipment | Reducing balance @ 25%
Property improvements | On cost @ 10%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 15,083 | 25,456 | 4,473 | 45,012
Additions | - | 1,006 | 662 | 1,668
At 31 March 2025 | 15,083 | 26,462 | 5,135 | 46,680
Depreciation
At 1 April 2024 | 9,048 | 16,102 | 3,417 | 28,567
Charge for the year | 1,508 | 2,590 | 344 | 4,442
At 31 March 2025 | 10,556 | 18,692 | 3,761 | 33,009
Carrying amount
At 31 March 2025 | 4,527 | 7,770 | 1,374 | 13,671
At 31 March 2024 | 6,035 | 9,354 | 1,056 | 16,445

Included within the net book value of land and buildings above is £4,527 (2024 - £6,035) in respect of short leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 500 | 500

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 11 | 99,730 | 98,857
Other debtors |  | 2,423 | -
|  | 102,153 | 98,857

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 82,994 | 73,679
Trade creditors |  | 10,879 | 17,922
Taxation and social security |  | 13,350 | 16,858
Accruals and deferred income |  | 1,435 | 1,700
Other creditors |  | 33,014 | 1,201
|  | 141,672 | 111,360

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,637 | 11,314

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 of £1 each | 100 | 100 | 100 | 100
Ordinary A £1 of £1 each | 900 | 900 | 900 | 900
| 1,000 | 1,000 | 1,000 | 1,000

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,637 | 11,314

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 9,677 | 9,438
Other borrowings | 73,317 | 64,241
| 82,994 | 73,679

Bank borrowings

Natwest Bounce Back loan is denominated in GBP with a nominal interest rate of 2.5%, and the final instalment is due on 31 May 2026. The carrying amount at year end is £10,902 (2024 - £20,752). Unsecured loan with personal guarantees under the Bounce Back Loan Scheme. Repayments are deferred and interest paid by the UK government in the first 12 months.

10 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £Nil (2024 - £350.00) per each Ordinary £1 |  | - |  | 35,000

11 | Related party transactions

Transactions with the director

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Mr Hakim Jamil Mohammed
Directors Loan Account | (64,241) | 14,330 | (23,406) | (73,317)

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Mr Hakim Jamil Mohammed
Directors Loan Account | (52,165) | 22,924 | (35,000) | (64,241)

Caveman Barbers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,050 | 12,050

Dividends paid to the director

|  | 2025 £ |  | 2024 £
Mr Hakim Jamil Mohammed |  |  |  |
Ordinary £1 |  | - |  | 35,000

Summary of transactions with other related parties

Surann Ltd and Sutana Ltd
Clubhouse Nico Ltd Unsecured loan capital with no repayment terms.

Loans to related parties

2025 | Other related parties £ | Total £
At start of period | 98,857 | 98,857
Advanced | 874 | 874
At end of period | 99,731 | 99,731

2024 | Other related parties £ | Total £
At start of period | 91,500 | 91,500
Advanced | 7,357 | 7,357
At end of period | 98,857 | 98,857

Loans from related parties

2025 | Other related parties £ | Total £
Advanced | 31,980 | 31,980
At end of period | 31,980 | 31,980