Company Registration No. 05703536 (England and Wales)
STRANDED HAIR GROUP LIMITED
Unaudited accounts
for the year ended 28 February 2021
STRANDED HAIR GROUP LIMITED
Unaudited accounts
Contents
STRANDED HAIR GROUP LIMITED
Company Information
for the year ended 28 February 2021
Company Number
05703536 (England and Wales)
Registered Office
Floor 4 Leigh Spinners Mill
Park Lane
Leigh
WN7 2LB
Accountants
Annette & Co.
28 Kittlegairy Crescent
Peebles
EH45 9NJ
STRANDED HAIR GROUP LIMITED
Statement of financial position
as at 28 February 2021
Intangible assets
15,920
6,379
Tangible assets
34,315
46,819
Inventories
257,677
373,846
Cash at bank and in hand
120,697
328,987
Creditors: amounts falling due within one year
(27,551)
(2,405)
Net current assets
466,333
756,892
Total assets less current liabilities
516,568
810,090
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
466,568
810,090
Called up share capital
2
2
Profit and loss account
466,566
810,088
Shareholders' funds
466,568
810,090
For the year ending 28 February 2021 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 28 June 2021 and were signed on its behalf by
Gary Howe
Director
Company Registration No. 05703536
STRANDED HAIR GROUP LIMITED
Notes to the Accounts
for the year ended 28 February 2021
STRANDED HAIR GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05703536. The registered office is Floor 4 Leigh Spinners Mill, Park Lane, Leigh, WN7 2LB.
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.
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.
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:
Land & buildings
20% as per Straight Line Method
Fixtures & fittings
25% as per Reducing Balance Method
Computer equipment
20% as per Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
STRANDED HAIR GROUP LIMITED
Notes to the Accounts
for the year ended 28 February 2021
4
Intangible fixed assets
Goodwill
Other
Total
At 1 March 2020
211,932
21,264
233,196
At 28 February 2021
286,932
21,264
308,196
At 1 March 2020
211,932
14,885
226,817
Charge for the year
63,333
2,126
65,459
At 28 February 2021
275,265
17,011
292,276
At 28 February 2021
11,667
4,253
15,920
At 29 February 2020
-
6,379
6,379
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2020
22,176
154,357
4,177
180,710
At 28 February 2021
22,176
154,357
4,177
180,710
At 1 March 2020
21,325
111,923
643
133,891
Charge for the year
851
10,609
1,044
12,504
At 28 February 2021
22,176
122,532
1,687
146,395
At 28 February 2021
-
31,825
2,490
34,315
At 29 February 2020
851
42,434
3,534
46,819
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
111,500
54,797
Accrued income and prepayments
379
667
STRANDED HAIR GROUP LIMITED
Notes to the Accounts
for the year ended 28 February 2021
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
6,852
(49,404)
Amounts owed to group undertakings and other participating interests
121
-
Taxes and social security
1,703
1,313
Other creditors
17,264
17,290
Loans from directors
11
14
8
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
1 Gary Howe of £1 each
1
1
1 Emma Howe of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 5 (2020: 5).
