We Are One Hair & Beauty Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11979685 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 3 MAY 2019 TO 31 MAY 2020

FOR

WE ARE ONE HAIR & BEAUTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Miss D C Reynolds

K Reynolds

REGISTERED OFFICE:

10 Beech Court

Wokingham Road

Hurst

Reading

Berkshire

RG10 0RQ

REGISTERED NUMBER:

11979685 (England and Wales)

ACCOUNTANTS:

Vernon Gosling Friday Limited

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

FIXED ASSETS

Tangible assets

4

25,882

CURRENT ASSETS

Debtors

5

5,697

Cash at bank

11,453

17,150

CREDITORS

Amounts falling due within one year

6

40,273

NET CURRENT LIABILITIES

(23,123

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,759

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,659

SHAREHOLDERS' FUNDS

2,759

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 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 Board of Directors and authorised for issue on 8 January 2021 and were signed on its behalf by:

K Reynolds - Director

Miss D C Reynolds - Director

1.	STATUTORY INFORMATION

We Are One Hair & Beauty 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 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. 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.

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 etc

-

25% on reducing balance and 25% on cost

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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

31,103

At 31 May 2020

31,103

DEPRECIATION

Charge for period

5,221

At 31 May 2020

5,221

NET BOOK VALUE

At 31 May 2020

25,882

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,370

Other debtors

4,327

5,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

4,835

Other creditors

35,438

40,273