Walton on Thames Hairdressing Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09248471 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Walton on Thames Hairdressing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Draper

Mrs J Draper

Miss M Draper

SECRETARY:

REGISTERED OFFICE:

Station House

The Parade

Claygate

Esher

KT10 0PB

REGISTERED NUMBER:

09248471 (England and Wales)

ACCOUNTANTS:

Fouracre Accountancy Services Ltd

10 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

31,378

37,935

31,378

37,935

CURRENT ASSETS

Stocks

4,500

4,500

Debtors

6

96,825

78,090

Cash in hand

(62,680

)

(31,550

)

38,645

51,040

CREDITORS

Amounts falling due within one year

7

32,437

50,245

NET CURRENT ASSETS

6,208

795

TOTAL ASSETS LESS CURRENT LIABILITIES

37,586

38,730

CREDITORS

Amounts falling due after more than one year

8

33,788

38,609

NET ASSETS

3,798

121

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

3,795

118

SHAREHOLDERS' FUNDS

3,798

121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 May 2020 and were signed on its behalf by:

H Draper - Director

1.	STATUTORY INFORMATION

Walton on Thames Hairdressing Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Stocks

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

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 NIL (2019 - 8 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

7,750

AMORTISATION

At 1 April 2019

and 31 March 2020

7,750

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

71,675

Additions

1,287

At 31 March 2020

72,962

DEPRECIATION

At 1 April 2019

33,740

Charge for year

7,844

At 31 March 2020

41,584

NET BOOK VALUE

At 31 March 2020

31,378

At 31 March 2019

37,935

6.

DEBTORS

31.3.20

31.3.19

£

£

Amounts falling due within one year:

Other debtors

28,567

27,125

31.3.20

31.3.19

£

£

Amounts falling due after more than one year:

Other debtors

68,258

50,965

Aggregate amounts

96,825

78,090

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

1,959

30,198

Taxation and social security

11,478

20,047

Other creditors

19,000

-

32,437

50,245

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans

33,788

38,609