John's Barbers Limited - Accounts to registrar (filleted) - small 18.2

John's Barbers Limited - Accounts to registrar (filleted) - small 18.2

JOHN'S BARBERS LIMITED - Company Information

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REGISTERED NUMBER: 04867138 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 July 2019

for

John's Barbers Limited
John's Barbers Limited (Registered number: 04867138)






Contents of the Financial Statements
for the Year Ended 30 July 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


John's Barbers Limited

Company Information
for the Year Ended 30 July 2019







DIRECTOR: K Bromley





REGISTERED OFFICE: 6 West Street
Congleton
Cheshire
CW12 1JR





REGISTERED NUMBER: 04867138 (England and Wales)





Page 1
John's Barbers Limited (Registered number: 04867138)

Statement of Financial Position
30 July 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 14,850 16,200
Tangible assets 6 343 148
15,193 16,348

CURRENT ASSETS
Stocks 150 150

CREDITORS
Amounts falling due within one year 7 9,662 10,332
NET CURRENT LIABILITIES (9,512 ) (10,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,681
6,166

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,679 6,164
SHAREHOLDERS' FUNDS 5,681 6,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2019 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 notes form part of these financial statements

Page 2 continued...
John's Barbers Limited (Registered number: 04867138)

Statement of Financial Position - continued
30 July 2019


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2020 and were
signed by:





K Bromley - Director


The notes form part of these financial statements

Page 3
John's Barbers Limited (Registered number: 04867138)

Notes to the Financial Statements
for the Year Ended 30 July 2019

1. STATUTORY INFORMATION

John's Barbers 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.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements cover the company as an individual entity, have been prepared under the
historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry
on business as a going concern, which the director considers appropriate having regard to the
company's current and expected performance. Particular consideration has been given to the impact
of the Coronavirus on the company's ability to operate for the foreseeable future.

In arriving at this assessment of the going concern status of the company the director has made key
judgements about the ongoing availability of the Government's Job Retention Scheme, the ability of
the company to agree deferred payment terms on HMRC debts and the returning level of demand for
the services provided by the company.

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 2010, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Page 4 continued...
John's Barbers Limited (Registered number: 04867138)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2019

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in
non-convertible preference and non-puttable ordinary shares which are measured at fair value, with
changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost
and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax, if applicable. Tax is recognised in the
Statement of Income and Retained Earnings, 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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 July 2018
and 30 July 2019 27,000
AMORTISATION
At 31 July 2018 10,800
Charge for year 1,350
At 30 July 2019 12,150
NET BOOK VALUE
At 30 July 2019 14,850
At 30 July 2018 16,200

Page 5 continued...
John's Barbers Limited (Registered number: 04867138)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2019

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 31 July 2018 1,323 3,123 4,446
Additions 311 - 311
At 30 July 2019 1,634 3,123 4,757
DEPRECIATION
At 31 July 2018 1,220 3,078 4,298
Charge for year 104 12 116
At 30 July 2019 1,324 3,090 4,414
NET BOOK VALUE
At 30 July 2019 310 33 343
At 30 July 2018 103 45 148

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 1,959 1,966
Taxation and social security 4,319 3,253
Other creditors 3,384 5,113
9,662 10,332

8. POST BALANCE SHEET EVENTS

In March 2020 the UK was impacted by the outbreak of the Coronavirus. In order to manage the
spread of the virus the Government has imposed significant restrictions on the movement of people
and the ability of businesses to continue to trade. This event occurred after the company's reporting
period and so is considered to be a non adjusting event.

The Coronavirus has resulted in a severe contraction of the UK economy and the imposition of social
distancing rules has meant that demand for the company's services has completely ceased. The
financial impact on the company is that no sales income is envisaged for a period of at least three
months but likewise the introduction of the Job Retention Scheme has meant that eighty percent of
employee costs have been mitigated. The shortfall in grant funding under this scheme is to be
covered by the existing cash reserves and available banking facilities.

The director is not able to make a reliable estimate of the financial impact of the Coronavirus
outbreak in the reporting period to 30 July 2020, although there are no concerns about the future
viability of the company, for the reasons stated in the directors report.

Page 6