Company Registration No. 11858431 (England and Wales)
The Colour Room Hair Ltd
Unaudited accounts
for the year ended 31 March 2023
The Colour Room Hair Ltd
Unaudited accounts
Contents
The Colour Room Hair Ltd
Company Information
for the year ended 31 March 2023
Company Number
11858431 (England and Wales)
Registered Office
5 RYE GARDENS
BALDOCK
SG7 6TB
UNITED KINGDOM
Accountants
NUMBER CRUNCHING LTD
UNIT 5
FEN END
STOTFOLD
HERTS
SG5 4BA
The Colour Room Hair Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
21,030
15,593
Cash at bank and in hand
7,375
6,962
Creditors: amounts falling due within one year
(26,640)
(8,763)
Net current assets
1,579
14,420
Total assets less current liabilities
22,609
30,013
Creditors: amounts falling due after more than one year
(11,308)
(16,049)
Provisions for liabilities
Deferred tax
(3,996)
(2,963)
Called up share capital
1
1
Profit and loss account
7,304
11,000
Shareholders' funds
7,305
11,001
For the year ending 31 March 2023 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 her 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 13 July 2023 and were signed on its behalf by
Stacey Orrow
Director
Company Registration No. 11858431
The Colour Room Hair Ltd
Notes to the Accounts
for the year ended 31 March 2023
The Colour Room Hair Ltd is a private company, limited by shares, registered in England and Wales, registration number 11858431. The registered office is 5 RYE GARDENS, BALDOCK, SG7 6TB, UNITED KINGDOM.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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
straight line over 10 years
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
The Colour Room Hair Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
11,701
6,749
-
18,450
Additions
3,800
300
5,636
9,736
At 31 March 2023
15,501
7,049
5,636
28,186
At 1 April 2022
1,170
1,687
-
2,857
Charge for the year
1,550
1,340
1,409
4,299
At 31 March 2023
2,720
3,027
1,409
7,156
At 31 March 2023
12,781
4,022
4,227
21,030
At 31 March 2022
10,531
5,062
-
15,593
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,400
3,400
Obligations under finance leases and hire purchase contracts
-
1,150
Taxes and social security
-
347
Loans from directors
378
3,103
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
1,341
Other creditors
3,941
3,941
The Colour Room Hair Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
3,996
2,963
Provision at start of year
2,963
-
Charged to the profit and loss account
1,033
2,963
Provision at end of year
3,996
2,963
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 7 (2022: 4).
