Darren Tyrer Hairdressing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06641514 (England and Wales)

Financial Statements for the Year Ended 31 July 2018

for

Darren Tyrer Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Tyrer

REGISTERED OFFICE:

431 Cronton Road

Widnes

Cheshire

WA8 5QG

REGISTERED NUMBER:

06641514 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

3,975

6,784

CURRENT ASSETS

Stocks

998

825

Debtors

5

4,389

-

Cash at bank

56,529

55,901

61,916

56,726

CREDITORS

Amounts falling due within one year

6

29,269

25,118

NET CURRENT ASSETS

32,647

31,608

TOTAL ASSETS LESS CURRENT LIABILITIES

36,622

38,392

PROVISIONS FOR LIABILITIES

755

835

NET ASSETS

35,867

37,557

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

35,857

37,547

SHAREHOLDERS' FUNDS

35,867

37,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 February 2019 and were signed by:

D Tyrer - Director

1.	STATUTORY INFORMATION

Darren Tyrer Hairdressing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable on hairdressing, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

moving items.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are

measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective

evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit

and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2017

25,806

13,662

28,530

2,940

70,938

Additions

-

402

-

1,459

1,861

At 31 July 2018

25,806

14,064

28,530

4,399

72,799

DEPRECIATION

At 1 August 2017

23,196

11,164

27,078

2,716

64,154

Charge for year

2,610

1,059

290

711

4,670

At 31 July 2018

25,806

12,223

27,368

3,427

68,824

NET BOOK VALUE

At 31 July 2018

-

1,841

1,162

972

3,975

At 31 July 2017

2,610

2,498

1,452

224

6,784

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Other debtors

4,389

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Taxation and social security

19,000

17,095

Other creditors

10,269

8,023

29,269

25,118

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director operates a current account with the company to which all transactions of a private nature are

charged. At the year end £4,388, (2017 £2,574 creditor) was included in other debtors.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is D Tyrer.

The ultimate controlling party is D Tyrer.