Company Registration No. 7450454 (England and Wales)
De Lacy Hair Limited
Unaudited accounts
for the year ended 31 March 2020
De Lacy Hair Limited
Unaudited accounts
Contents
De Lacy Hair Limited
Company Information
for the year ended 31 March 2020
Company Number
7450454 (England and Wales)
Registered Office
Colonial House
Swinemoor Lane
Beverly
HU17 0LS
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
De Lacy Hair Limited
Statement of financial position
as at 31 March 2020
Tangible assets
2,684
2,684
Creditors: amounts falling due within one year
(8,479)
(12,284)
Net current assets
1,181
1,085
Called up share capital
2
2
Profit and loss account
3,863
3,767
Shareholders' funds
3,865
3,769
For the year ending 31 March 2020 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 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 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.
The financial statements were approved by the Board and authorised for issue on 10 December 2020 and were signed on its behalf by
Mr P M Scaife
Director
Company Registration No. 7450454
De Lacy Hair Limited
Notes to the Accounts
for the year ended 31 March 2020
De Lacy Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 7450454. The registered office is Colonial House, Swinemoor Lane, Beverly, HU17 0LS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% on Cost
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2019
833
3,500
4,333
At 31 March 2020
833
3,500
4,333
At 1 April 2019
949
700
1,649
At 31 March 2020
949
700
1,649
At 31 March 2020
(116)
2,800
2,684
At 31 March 2019
(116)
2,800
2,684
De Lacy Hair Limited
Notes to the Accounts
for the year ended 31 March 2020
Amounts due from group undertakings etc.
9,660
13,369
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
8,479
4,253
Loans from directors
-
8,000
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 10 (2019: 8).
