Company Registration No. 09922460 (England and Wales)
Passion Hair Boutique Ltd
Unaudited accounts
for the year ended 31 December 2022
Passion Hair Boutique Ltd
Unaudited accounts
Contents
Passion Hair Boutique Ltd
Company Information
for the year ended 31 December 2022
Director
Mrs G C Samuels-Fuller
Company Number
09922460 (England and Wales)
Registered Office
207 Baker Street
Enfield
Middlesex
EN1 3LA
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Passion Hair Boutique Ltd
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
3,055
1,683
Creditors: amounts falling due within one year
(2,932)
-
Net current assets
2,973
1,683
Total assets less current liabilities
9,943
1,683
Creditors: amounts falling due after more than one year
(7,883)
-
Called up share capital
1
2
Profit and loss account
1,415
1,037
Shareholders' funds
2,060
1,683
For the year ending 31 December 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 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 7 September 2023 and were signed on its behalf by
Mrs G C Samuels-Fuller
Director
Company Registration No. 09922460
Passion Hair Boutique Ltd
Notes to the Accounts
for the year ended 31 December 2022
Passion Hair Boutique Ltd is a private company, limited by shares, registered in England and Wales, registration number 09922460. The registered office is 207 Baker Street, Enfield, Middlesex, EN1 3LA, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
18% - reducing balance method
Fixtures & fittings
18% - reducing balance method
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Passion Hair Boutique Ltd
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
3,500
5,000
8,500
At 31 December 2022
3,500
5,000
8,500
Charge for the year
630
900
1,530
At 31 December 2022
630
900
1,530
At 31 December 2022
2,870
4,100
6,970
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,422
-
6
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
2
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).