Diamond Edge Professional Hair Limited

Diamond Edge Professional Hair Limited

DIAMOND EDGE PROFESSIONAL HAIR LIMITED - Company Information

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1 July 2020 false No description of principal activity Taxfiler 2021.10 07709203business:PrivateLimitedCompanyLtd2020-07-012021-06-30 077092032020-06-30 077092032020-07-012021-06-30 07709203business:AuditExemptWithAccountantsReport2020-07-012021-06-30 07709203business:FullAccounts2020-07-012021-06-30 077092032021-06-30 07709203business:Director12020-07-012021-06-30 07709203business:RegisteredOffice2020-07-012021-06-30 077092032020-06-30 07709203core:WithinOneYear2021-06-30 07709203core:WithinOneYear2020-06-30 07709203core:ShareCapital2021-06-30 07709203core:ShareCapital2020-06-30 07709203core:RetainedEarningsAccumulatedLosses2021-06-30 07709203core:RetainedEarningsAccumulatedLosses2020-06-30 07709203business:SmallEntities2020-07-012021-06-30 07709203countries:EnglandWales2020-07-012021-06-30 07709203core:ComputerEquipment2020-07-012021-06-30 07709203core:ComputerEquipment2020-06-30 07709203core:ComputerEquipment2021-06-30 07709203core:AfterOneYear2021-06-30 07709203core:AfterOneYear2020-06-30 07709203business:OrdinaryShareClass12020-07-012021-06-30 07709203business:OrdinaryShareClass12019-07-012020-06-30 07709203business:Director112020-07-012021-06-30 07709203business:Director112020-06-30 07709203business:Director112021-06-30 077092032019-07-012020-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07709203 (England and Wales)
Diamond Edge Professional Hair Limited Unaudited accounts for the year ended 30 June 2021
Diamond Edge Professional Hair Limited Unaudited accounts Contents
Page
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Diamond Edge Professional Hair Limited Company Information for the year ended 30 June 2021
Director
Kevin Ebsworth
Company Number
07709203 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Diamond Edge Professional Hair Limited Statement of financial position as at 30 June 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,638 
2,183 
Current assets
Debtors
5
20 
- 
Cash at bank and in hand
4,829 
1,602 
4,849 
1,602 
Creditors: amounts falling due within one year
6
(6,405)
(19,557)
Net current liabilities
(1,556)
(17,955)
Net assets/(liabilities)
82 
(15,772)
Capital and reserves
Called up share capital
7
2 
2 
Profit and loss account
80 
(15,774)
Shareholders' funds
82 
(15,772)
For the year ending 30 June 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 17 August 2021 and were signed on its behalf by
Kevin Ebsworth Director Company Registration No. 07709203
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Diamond Edge Professional Hair Limited Notes to the Accounts for the year ended 30 June 2021
1
Statutory information
Diamond Edge Professional Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 07709203. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25 % Reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2020
15,000 
At 30 June 2021
15,000 
Depreciation
At 1 July 2020
12,817 
Charge for the year
545 
At 30 June 2021
13,362 
Net book value
At 30 June 2021
1,638 
At 30 June 2020
2,183 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Other debtors
20 
- 
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Diamond Edge Professional Hair Limited Notes to the Accounts for the year ended 30 June 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
4,019 
18 
Other creditors
63 
63 
Loans from directors
(400)
17,669 
Accruals
2,723 
1,807 
6,405 
19,557 
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kevin Ebsworth
Directors Loan Account
(17,669)
- 
(18,069)
400 
(17,669)
- 
(18,069)
400 
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).
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