SHEEN HAIRDRESSING LIMITED

SHEEN HAIRDRESSING LIMITED

SHEEN HAIRDRESSING LIMITED - Company Information

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1 February 2018 false No description of principal activity Taxfiler 2019.10.Web 09405246business:PrivateLimitedCompanyLtd2018-02-012019-01-31 094052462018-01-31 094052462018-02-012019-01-31 09405246business:AuditExemptWithAccountantsReport2018-02-012019-01-31 09405246business:FullAccounts2018-02-012019-01-31 094052462019-01-31 09405246business:Director12018-02-012019-01-31 09405246business:RegisteredOffice2018-02-012019-01-31 094052462018-01-31 09405246core:WithinOneYear2019-01-31 09405246core:WithinOneYear2018-01-31 09405246core:AfterOneYear2019-01-31 09405246core:AfterOneYear2018-01-31 09405246core:ShareCapital2019-01-31 09405246core:ShareCapital2018-01-31 09405246core:RetainedEarningsAccumulatedLosses2019-01-31 09405246core:RetainedEarningsAccumulatedLosses2018-01-31 09405246business:SmallEntities2018-02-012019-01-31 09405246countries:EnglandWales2018-02-012019-01-31 09405246core:PlantMachinery2018-02-012019-01-31 09405246core:Goodwill2018-01-31 09405246core:Goodwill2019-01-31 09405246core:Goodwill2018-02-012019-01-31 09405246core:PlantMachinery2018-01-31 09405246core:PlantMachinery2019-01-31 09405246business:OrdinaryShareClass12018-02-012019-01-31 09405246business:OrdinaryShareClass12017-02-012018-01-31 09405246business:OrdinaryShareClass22018-02-012019-01-31 09405246business:OrdinaryShareClass22017-02-012018-01-31 09405246business:AllOrdinaryShares2018-02-012019-01-31 09405246business:AllOrdinaryShares2017-02-012018-01-31 094052462017-02-012018-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09405246 (England and Wales)
SHEEN HAIRDRESSING LIMITED Unaudited accounts for the year ended 31 January 2019
SHEEN HAIRDRESSING LIMITED Unaudited accounts Contents
Page
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SHEEN HAIRDRESSING LIMITED Company Information for the year ended 31 January 2019
Director
Mrs Michelle Hart
Company Number
09405246 (England and Wales)
Registered Office
2 Lichfield Terrace Sheen Road Richmond TW9 1AS England
Accountants
Annette & Co. Apt 24199 Chynoweth House Trevissome Park Truro TR4 8UN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SHEEN HAIRDRESSING LIMITED for the year ended 31 January 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHEEN HAIRDRESSING LIMITED for the year ended 31 January 2019 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance.
Annette & Co. Chartered Accountants Apt 24199 Chynoweth House Trevissome Park Truro TR4 8UN 2 September 2019
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SHEEN HAIRDRESSING LIMITED Statement of financial position as at 31 January 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
50,124 
55,494 
Tangible assets
5
20,363 
24,371 
70,487 
79,865 
Current assets
Inventories
6
15,674 
15,674 
Debtors
7
3,313 
29,443 
Cash at bank and in hand
3,046 
304 
22,033 
45,421 
Creditors: amounts falling due within one year
8
(160,890)
(159,953)
Net current liabilities
(138,857)
(114,532)
Total assets less current liabilities
(68,370)
(34,667)
Creditors: amounts falling due after more than one year
9
(46,930)
(53,545)
Net liabilities
(115,300)
(88,212)
Capital and reserves
Called up share capital
10
1 
1 
Profit and loss account
(115,301)
(88,213)
Shareholders' funds
(115,300)
(88,212)
For the year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 2 September 2019.
Mrs Michelle Hart Director Company Registration No. 09405246
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SHEEN HAIRDRESSING LIMITED Notes to the Accounts for the year ended 31 January 2019
1
Statutory information
SHEEN HAIRDRESSING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09405246. The registered office is 2 Lichfield Terrace , Sheen Road, Richmond, TW9 1AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
7.5% on cost, 25% on cost and 10% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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SHEEN HAIRDRESSING LIMITED Notes to the Accounts for the year ended 31 January 2019
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2018
71,605 
At 31 January 2019
71,605 
Amortisation
At 1 February 2018
16,111 
Charge for the year
5,370 
At 31 January 2019
21,481 
Net book value
At 31 January 2019
50,124 
At 31 January 2018
55,494 
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2018
36,310 
At 31 January 2019
36,310 
Depreciation
At 1 February 2018
11,939 
Charge for the year
4,008 
At 31 January 2019
15,947 
Net book value
At 31 January 2019
20,363 
At 31 January 2018
24,371 
6
Inventories
2019 
2018 
£ 
£ 
Finished goods
15,674 
15,674 
15,674 
15,674 
7
Debtors
2019 
2018 
£ 
£ 
Trade debtors
780 
- 
Other debtors
2,533 
29,443 
3,313 
29,443 
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SHEEN HAIRDRESSING LIMITED Notes to the Accounts for the year ended 31 January 2019
8
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
3,002 
1,084 
Trade creditors
734 
14,082 
Taxes and social security
11,410 
6,538 
Other creditors
20,595 
18,165 
Loans from directors
125,149 
120,084 
160,890 
159,953 
9
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
46,930 
53,545 
10
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
- Ordinary shares of £- each
- 
- 
1 Michelle Hart of £1 each
1 
1 
1 
1 
11
Average number of employees
During the year the average number of employees was 5 (2018: 5).
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