Kamrans Barbers North East Limited
Kamrans Barbers North East Limited
Registered number: 11446216
Unaudited Financial Statements
For the Period 3 July 2018 to 31 July 2019
PAGELINE SOLUTIONS ACCOUNTANTS LIMITED
Kamrans Barbers North East Limited
Unaudited Financial Statements
For the Period 3 July 2018 to 31 July 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Kamrans Barbers North East Limited
Balance Sheet
As at
31 July 2019
Balance Sheet
Registered number:
11446216
For the period ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 July 2019 | |||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 345 | ||
Page 1
Kamrans Barbers North East Limited
Balance Sheet (continued)
As at
31 July 2019
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Kamrans Barbers North East Limited
Notes to the Financial Statements
For the Period 3 July 2018 to 31 July 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Fixtures & Fittings |
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1.5.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the
statement of comprehensive income because of items of income or expense that are taxable or deductible in other year
and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that
have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other
comprehensive income or directly in equity.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 July 2019 | |
|---|---|
| Sales, marketing and distribution |
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Page 3
Kamrans Barbers North East Limited
Notes to the Financial Statements (continued)
For the Period 3 July 2018 to 31 July 2019
3.
Tangible Assets
| Fixtures & Fittings | |
|---|---|
| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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4.
Debtors
| 31 July 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Director's loan account | 5,046 |
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5.
Creditors: Amounts Falling Due Within One Year
| 31 July 2019 | |
|---|---|
| £ | |
| Trade creditors |
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| Corporation tax |
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| Accruals and deferred income |
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Page 4
Kamrans Barbers North East Limited
Notes to the Financial Statements (continued)
For the Period 3 July 2018 to 31 July 2019
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
|
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr KAMRAN ZAREI |
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- |
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The above loan is unsecured, interest free and repayable on demand.
8.
Dividends
| 31 July 2019 | |
|---|---|
| £ | |
| On equity shares: | |
| Final dividend paid |
|
| 1,000 | |
9.
General Information
Kamrans Barbers North East Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11446216 . The registered office is 7 Weardale Avenue Forest Hall, Newcastle Upon Tyne, NE12 7HX.
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