KJM Hairdressers Ltd - Accounts

KJM HAIRDRESSERS LTD - Company Information

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Registered Number: 11015176

England and Wales

KJM HAIRDRESSERS LTD

Unaudited Financial Statements

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

KJM Hairdressers Ltd
Contents Page
For the year ended 31 October 2022

Company information	1
Accountants' report	2
Statement of financial position	3
Notes to the financial statements	4

KJM Hairdressers Ltd
Company Information
For the year ended 31 October 2022

Directors	Mrs K Mather Mr G Mather
Registered Number	11015176
Registered Office	3 The Hart Centre Fleet Road Fleet Hampshire GU51 3LA
Accountants	Dove Marsh & Jones 1 Andromeda House Calleva Park Aldermaston Berkshire RG7 8AP

KJM Hairdressers Ltd Accountants' Report For the year ended 31 October 2022
Report to the directors on the preparation of the unaudited statutory accounts of KJM Hairdressers Ltd for the year ended 31 October 2022 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KJM Hairdressers Ltd for the year ended 31 October 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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://rulebook.accaglobal.com/ This report is made solely to the Board of Directors of KJM Hairdressers Ltd, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of KJM Hairdressers Ltd and state those matters that we have agreed to state to the Board of Directors of KJM Hairdressers Ltd, as a body, 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 KJM Hairdressers Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that KJM Hairdressers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KJM Hairdressers Ltd. You consider that KJM Hairdressers Ltd 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 accounts of KJM Hairdressers Ltd. 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 accounts 31 October 2022 Dove Marsh & Jones 1 Andromeda House Calleva Park Aldermaston Berkshire RG7 8AP 30 October 2023 2

KJM Hairdressers Ltd
Accountants' Report
For the year ended 31 October 2022

Report to the directors on the preparation of the unaudited statutory accounts of KJM Hairdressers Ltd for the year ended 31 October 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KJM Hairdressers Ltd for the year ended 31 October 2022 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of KJM Hairdressers Ltd, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of KJM Hairdressers Ltd and state those matters that we have agreed to state to the Board of Directors of KJM Hairdressers Ltd, as a body, 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 KJM Hairdressers Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KJM Hairdressers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KJM Hairdressers Ltd. You consider that KJM Hairdressers Ltd 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 accounts of KJM Hairdressers Ltd. 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 accounts
31 October 2022

Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
30 October 2023

KJM Hairdressers Ltd
Statement of Financial Position
As at 31 October 2022

	Notes	2022 £	2021 £
Fixed assets
Tangible fixed assets	3	4,387	5,317
		4,387	5,317
Current assets
Stocks	4	5,000	5,000
Debtors	5	22,112	4,981
Cash at bank and in hand		91,701	158,879
		118,813	168,860
Creditors: amount falling due within one year	6	(116,024)	(112,581)
Net current assets		2,789	56,279

Total assets less current liabilities		7,176	61,596
Creditors: amount falling due after more than one year	7	-	(39,583)
Accruals and deferred income		(2,389)	(2,380)
Net assets		4,787	19,633

Capital and reserves
Called up share capital		1	1
Profit and loss account		4,786	19,632
Shareholder's funds		4,787	19,633

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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 30 October 2023 and were signed on its behalf by:

-------------------------------
Mrs K Mather
Director

KJM Hairdressers Ltd
Notes to the Financial Statements
For the year ended 31 October 2022

General Information

KJM Hairdressers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11015176, registration address 3 The Hart Centre, Fleet Road, Fleet, Hampshire, GU51 3LA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

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:

Fixtures and Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

Stocks

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.

2.	Average number of employees Average number of employees during the year was 23 (2021 : 22).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 November 2021	8,559	1,857	10,416
Additions	-	359	359
Disposals	-	-	-
At 31 October 2022	8,559	2,216	10,775
Depreciation
At 01 November 2021	3,601	1,498	5,099
Charge for year	992	297	1,289
On disposals	-	-	-
At 31 October 2022	4,593	1,795	6,388
Net book values
Closing balance as at 31 October 2022	3,966	421	4,387
Opening balance as at 01 November 2021	4,958	359	5,317

Stocks

	2022 £		2021 £
Stocks	5,000		5,000
	5,000		5,000

Debtors: amounts falling due within one year

	2022 £	2021 £
Prepayments & Accrued Income	6,137	4,981
Other Debtors	975	-
Directors' Current Accounts	15,000	-
	22,112	4,981

Creditors: amount falling due within one year

	2022 £	2021 £
Trade Creditors	39,516	42,528
Bank Loans & Overdrafts (Secured)	22,899	10,417
Corporation Tax	12,720	22,175
PAYE & Social Security	7,636	5,304
Other Creditors	7,125	6,584
Directors' Current Accounts	-	436
VAT	26,128	25,137
	116,024	112,581

Creditors: amount falling due after more than one year

	2022 £		2021 £
Bank Loans & Overdrafts (secured)	-		39,583
	-		39,583