John's Hair Design Ltd - Accounts to registrar (filleted) - small 18.2

John's Hair Design Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08096038 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

John's Hair Design Ltd

John's Hair Design Ltd (Registered number: 08096038)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John's Hair Design Ltd

Company Information
for the Year Ended 31 March 2021







DIRECTOR: C Bull





REGISTERED OFFICE: 104 Abbey Street
Nuneaton
Warwickshire
CV11 5BX





REGISTERED NUMBER: 08096038 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

John's Hair Design Ltd (Registered number: 08096038)

Balance Sheet
31 March 2021

31.3.21 31.3.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,288 30,254
Tangible assets 5 13,104 15,586
30,392 45,840

CURRENT ASSETS
Stocks 10,500 10,500
Debtors 6 17,141 3,512
Cash at bank and in hand 141,837 135,133
169,478 149,145
CREDITORS
Amounts falling due within one year 7 32,980 63,567
NET CURRENT ASSETS 136,498 85,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,890

131,418

CREDITORS
Amounts falling due after more than one
year

8

(50,000

)

-

PROVISIONS FOR LIABILITIES (883 ) (1,064 )
NET ASSETS 116,007 130,354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,907 130,254
116,007 130,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2021 and were signed by:




C Bull - Director


John's Hair Design Ltd (Registered number: 08096038)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

John's Hair Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants have been accounted for under the accrual model. The grants, which relate to revenue, are recognised as income in the same period as the expenses for which they compensate.

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 Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

John's Hair Design Ltd (Registered number: 08096038)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2020 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2020
and 31 March 2021 129,660
AMORTISATION
At 1 April 2020 99,406
Amortisation for year 12,966
At 31 March 2021 112,372
NET BOOK VALUE
At 31 March 2021 17,288
At 31 March 2020 30,254

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2020
and 31 March 2021 30,738 4,906 13,639 49,283
DEPRECIATION
At 1 April 2020 21,662 3,838 8,197 33,697
Charge for year 908 214 1,360 2,482
At 31 March 2021 22,570 4,052 9,557 36,179
NET BOOK VALUE
At 31 March 2021 8,168 854 4,082 13,104
At 31 March 2020 9,076 1,068 5,442 15,586

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade debtors 1,018 -
Prepayments 16,123 3,512
17,141 3,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£    £   
Trade creditors 1,213 5,272
Tax 4,619 13,878
Social security and other taxes 1,780 18,480
Other creditors 22,708 22,720
Accrued expenses 2,660 3,217
32,980 63,567

John's Hair Design Ltd (Registered number: 08096038)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.21 31.3.20
£    £   
Bank loans - 1-2 years 13,539 -
Bank loans - 2-5 years 30,301 -
Bank loans more 5 yr by instal 6,160 -
50,000 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,160 -

9. PENSION COMMITMENTS

Pension commitments outstanding at the year end totalled £614 (2020 - £618).