Turning Heads Hairdressers Ltd - Accounts to registrar (filleted) - small 18.2
Turning Heads Hairdressers Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| TURNING HEADS HAIRDRESSERS LTD |
| T/A |
| JAM HAIRDRESSING |
| Financial Statements for the Year Ended 31 March 2020 |
| TURNING HEADS HAIRDRESSERS LTD (REGISTERED NUMBER: 04708213) |
| T/A JAM HAIRDRESSING |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 | to | 3 |
| TURNING HEADS HAIRDRESSERS LTD (REGISTERED NUMBER: 04708213) |
| T/A JAM HAIRDRESSING |
| Balance Sheet |
| 31 MARCH 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 and authorised for issue on behalf by: |
| TURNING HEADS HAIRDRESSERS LTD (REGISTERED NUMBER: 04708213) |
| T/A JAM HAIRDRESSING |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| 1. | STATUTORY INFORMATION |
| Turning Heads Hairdressers Ltd. is a private company limited by shares. The company is registered in England and Wales under |
| number 04708213. |
| The registered office is, 48 Bathurst Walk, Iver, Buckinghamshire, SL0 9BH. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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 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. |
| 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. |
| Going concern |
| The company has, again, traded profitably during the financial year. However, due to the fact that dividends were voted In excess |
| of retained profits (see note 5) the Balance Sheet shows an insolvent position at the Balance Sheet date. The Directors believe that |
| it is, nevertheless, correct to prepare these Accounts on a going concern basis as they have confirmed that they will support the |
| company if needed by repaying any excess dividends should the company be unable to meet its liabilities as they fall due. In the |
| current financial year the company is, again, trading profitably. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TURNING HEADS HAIRDRESSERS LTD (REGISTERED NUMBER: 04708213) |
| T/A JAM HAIRDRESSING |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31 MARCH 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | Plant and | and | Computer |
| improvements | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2019 |
| and 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| 5. | DEBTORS |
| 2020 | 2019 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 3 | 3 |
| 8. | OTHER FINANCIAL COMMITMENTS |
| At 31 March 2020 the company had a financial commitment of £41,244 ( 2019 - £54,992) in respect of future rent due over the |
| next four years. |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £36,000 were paid to the directors . |