Kings Hair Studios Limited,Ltd - AccountsLtd - Accounts

Kings Hair Studios Limited,Ltd - AccountsLtd - Accounts

KINGS HAIR STUDIOS LIMITED - Company Information

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2021-11-01 04546069 2022-10-31 04546069 2021-11-01 2022-10-31 04546069 2021-10-31 04546069 2020-11-01 2021-10-31 04546069 uk-core:WithinOneYear 2021-10-31 04546069 uk-core:WithinOneYear 2022-10-31 04546069 uk-core:AfterOneYear 2021-10-31 04546069 uk-core:AfterOneYear 2022-10-31 04546069 uk-core:ShareCapital 2022-10-31 04546069 uk-core:ShareCapital 2021-10-31 04546069 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 04546069 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 04546069 uk-bus:Director1 2021-11-01 2022-10-31 04546069 uk-core:FurnitureFittings 2021-11-01 2022-10-31 04546069 uk-core:WithinOneYear 2022-10-31 04546069 uk-core:WithinOneYear 2021-10-31 04546069 uk-core:AfterOneYear uk-core:Secured 2022-10-31 04546069 uk-core:AfterOneYear uk-core:Secured 2021-10-31 iso4217:GBP xbrli:pure 04546069 uk-bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 04546069 uk-bus:FRS102 2021-11-01 2022-10-31 04546069 uk-bus:FullAccounts 2021-11-01 2022-10-31 04546069 uk-bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31
Kings Hair Studios Limited
Registered Number:04546069
For the year ended 31 October 2022
England and Wales
Unaudited Financial Statements
2
Registered Number :
04546069
As at 31 October 2022
Kings Hair Studios Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
1,342
1,579
2
1,342
1,579
Current assets
Inventories
7,888
2,599
3
Trade and other receivables
-
655
4
40,839
Cash and cash equivalents
24,340
27,594
48,727
Trade and other payables: amounts falling due within
one year
(16,159)
(300)
5
32,568
27,294
Net current assets
Total assets less current liabilities
28,636
34,147
Trade and other payables: amounts falling due after
more than one year
(13,943)
-
6
28,636
Net assets
20,204
Capital and reserves
Called up share capital
200
200
Retained earnings
28,436
20,004
28,636
20,204
Shareholders' funds
For the year ended 31 October 2022 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 of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
04546069
For the year ended 31 October 2022
Kings Hair Studios Limited
Statement of Financial Position Continued
Mrs Anne Catherine Thompson Director
These financial statements were approved and authorised for issue by the Board on 18 March 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 31 October 2022
Kings Hair Studios Limited
Notes to the Financial Statements
Statutory Information
Kings Hair Studios Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04546069.
Registered address:
10 Glastonbury Road
Bury St Edmunds
Suffolk
IP33 2EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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For the year ended 31 October 2022
Kings Hair Studios Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 November 2021
25,231
At 31 October 2022
25,231
Provision for depreciation and impairment
At 01 November 2021
23,652
Charge for year
237
At 31 October 2022
23,889
At 31 October 2022
Net book value
1,342
At 31 October 2021
1,579
3. Inventories
2021
2022
£
£
Stocks
2,599
7,888
4. Trade and other receivables
2021
2022
£
£
Other debtors
655
-
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
-
4,375
Trade creditors
-
6,198
Taxation and social security
-
5,285
Other creditors
300
301
300
16,159
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6
For the year ended 31 October 2022
Kings Hair Studios Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
-
13,943
7. Average number of persons employed
During the year the average number of employees was 6 (2021 : 10)
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