Georgia May Hair Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13412582 (England and Wales)

Georgia May Hair Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms G Bryan

REGISTERED OFFICE:

1 Spring Close

Lutterworth

United Kingdom

Leicestershire

LE17 4DD

REGISTERED NUMBER:

13412582 (England and Wales)

ACCOUNTANTS:

Haines Watts Tamworth Limited

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

9,008

11,457

CURRENT ASSETS

Stocks

2,000

1,500

Cash at bank

44,274

32,429

46,274

33,929

CREDITORS

Amounts falling due within one year

5

36,162

21,544

NET CURRENT ASSETS

10,112

12,385

TOTAL ASSETS LESS CURRENT LIABILITIES

19,120

23,842

PROVISIONS FOR LIABILITIES

1,077

1,255

NET ASSETS

18,043

22,587

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

17,943

22,487

SHAREHOLDERS' FUNDS

18,043

22,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 4 December 2023 and were signed by:

Ms G Bryan - Director

1.	STATUTORY INFORMATION

Georgia May Hair 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2022

15,936

Additions

2,026

At 30 September 2023

17,962

DEPRECIATION

At 1 October 2022

4,479

Charge for year

4,475

At 30 September 2023

8,954

NET BOOK VALUE

At 30 September 2023

9,008

At 30 September 2022

11,457

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

6,457

3,576

Other creditors

29,705

17,968

36,162

21,544

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

7,875

10,500

Between one and five years

-

7,875

7,875

18,375

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

ordinary

1

100

100