Barbers No1 Maghull Ltd

Barbers No1 Maghull Ltd
Statement of Financial Position
As at 30 June 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	4,999	8,331
		4,999	8,331
Current assets
Cash at bank and in hand		55,100	4,536
Creditors: amount falling due within one year	4	(27,058)	(5,951)
Net current assets		28,042	(1,415)

Total assets less current liabilities		33,041	6,916
Provisions for liabilities	5	(4,380)	(4,380)
Net assets		28,661	2,536

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		28,561	2,436
Shareholders' funds		28,661	2,536

For the year ended 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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.
The directors acknowledge 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 financial statements were approved by the board of directors on 13 October 2026 and were signed on its behalf by:

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David John Langan
Director

Barbers No1 Maghull Ltd
Notes to the Financial Statements
For the year ended 30 June 2026

General Information

Barbers No1 Maghull Ltd is a private company, limited by shares, registered in England and Wales, registration number 15041858, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2025 : 5).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 July 2025	9,426	9,426
Additions	-	-
Disposals	-	-
At 30 June 2026	9,426	9,426
Depreciation
At 01 July 2025	2,761	2,761
Charge for year	1,666	1,666
On disposals	-	-
At 30 June 2026	4,427	4,427
Net book values
Closing balance as at 30 June 2026	4,999	4,999
Opening balance as at 01 July 2025	8,331	8,331

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	2,658	200
Corporation Tax	20,505	4,571
PAYE & Social Security	1,481	1,180
VAT	2,414	-
	27,058	5,951

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	4,380		4,380
	4,380		4,380

Share Capital

Authorised
100 Ordinary shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
100 Ordinary shares of £1.00 each	100		100
	100		100