Hair Leeds DL Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07809760 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2022

for

HAIR LEEDS DL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTOR:

P Carrigan

REGISTERED OFFICE:

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

REGISTERED NUMBER:

07809760 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

367

636

368

637

CURRENT ASSETS

Stocks

11,649

12,490

Debtors

117,612

97,806

Cash at bank and in hand

2,762

38,690

132,023

148,986

CREDITORS

Amounts falling due within one year

81,865

45,372

NET CURRENT ASSETS

50,158

103,614

TOTAL ASSETS LESS CURRENT LIABILITIES

50,526

104,251

CREDITORS

Amounts falling due after more than one year

6

(81,150

)

(90,914

)

PROVISIONS FOR LIABILITIES

(70

)

(120

)

NET (LIABILITIES)/ASSETS

(30,694

)

13,217

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(30,704

)

13,207

(30,694

)

13,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2023 and were signed by:

P Carrigan - Director

1.	STATUTORY INFORMATION

Hair Leeds DL Limited 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.

The financial statements have been prepared on the going concern basis of accounting. At the balance sheet date the company's liabilities exceeded its assets by £30,694.

The directors have confirmed that they will continue to support the company continuing in trade.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Fixtures and fittings

-

20% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

and 31 October 2022

10,000

AMORTISATION

At 1 November 2021

and 31 October 2022

9,999

NET BOOK VALUE

At 31 October 2022

1

At 31 October 2021

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

and 31 October 2022

30,236

DEPRECIATION

At 1 November 2021

29,600

Charge for year

269

At 31 October 2022

29,869

NET BOOK VALUE

At 31 October 2022

367

At 31 October 2021

636

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/10/22

31/10/21

£

£

Repayable by instalments

Bank loans more than 5 years

39,713

49,862

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31/10/22

31/10/21

£

£

P Carrigan

Balance outstanding at start of year

79,318

1,132

Amounts advanced

1,171

153,840

Amounts repaid

-

(75,654

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

80,489

79,318

The loan has had interest charged at 2% and is repayable on demand.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hair Leeds DL Limited for the year ended 31 October 2022 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Hair Leeds DL Limited in accordance with the terms of our engagement letter dated 31 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Hair Leeds DL Limited and state those matters that we have agreed to state to the director of Hair Leeds DL Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Hair Leeds DL Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hair Leeds DL Limited. You consider that Hair Leeds DL Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hair Leeds DL Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

31 August 2023