Essential Salon Supplies Ltd
Essential Salon Supplies Ltd
Registered number: 13033315
Unaudited Financial Statements
For The Year Ended
30 November 2022
JMC Accountancy Ltd
Essential Salon Supplies Ltd
Unaudited Financial Statements
For The Year Ended
30 November 2022
Unaudited Financial Statements
Contents | |
Page | |
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Company Information | 1 |
Balance Sheet | 2—3 |
Notes to the Financial Statements | 4—6 |
Page 1
Essential Salon Supplies Ltd
Company Information
For The Year Ended
30 November 2022
Company Information
Director |
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Company Number |
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Registered Office | 3a Westfield Road |
Manea | |
March | |
PE15 0LN | |
Accountants |
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Wimblington Road | |
March | |
Cambridgeshire | |
PE15 0JR | |
Page 1
Page 2
Essential Salon Supplies Ltd
Balance Sheet
As At
30 November 2022
Balance Sheet
Registered number:
13033315
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
30 November 2022 | 30 November 2021 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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CURRENT ASSETS | |||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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NET LIABILITIES |
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CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (23,443) | (16,307) | |||
Page 2
Page 3
Essential Salon Supplies Ltd
Balance Sheet (continued)
As At
30 November 2022
On behalf of the board
Director
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The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Essential Salon Supplies Ltd
Notes to the Financial Statements
For The Year Ended
30 November 2022
Notes to the Financial Statements
1.
General Information
Essential Salon Supplies Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
13033315
. The registered office is 3a Westfield Road, Manea, March, PE15 0LN.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are are stated at cost or valuation less amortisation. Amortisation is provided on intangible fixed assets at 25% reducing balance method.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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Computer Equipment |
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2.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6.
Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
Page 4
Page 5
Essential Salon Supplies Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 November 2022
4.
Intangible Assets
Other | Intellectual Property | Total | |
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£ | £ | £ | |
Cost or Valuation | |||
As at
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Additions |
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As at
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Amortisation | |||
As at
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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5.
Tangible Assets
Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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£ | £ | £ | £ | £ | |
Cost | |||||
As at
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Additions |
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As at
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Depreciation | |||||
As at
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Provided during the period |
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As at
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Net Book Value | |||||
As at
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As at
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6.
Debtors
30 November 2022 | 30 November 2021 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Page 5
Page 6
Essential Salon Supplies Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 November 2022
7.
Creditors: Amounts Falling Due Within One Year
30 November 2022 | 30 November 2021 | ||
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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VAT |
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Net wages | 1,192 | - | |
Other creditors |
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( |
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Director's loan account |
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8.
Share Capital
30 November 2022 | 30 November 2021 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 6