Flanagans Barber Shop Limited - Accounts to registrar (filleted) - small 23.2.5
Flanagans Barber Shop Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| FOR |
| FLANAGANS BARBER SHOP LIMITED |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| FLANAGANS BARBER SHOP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 123 Wellington Road South |
| Stockport |
| Cheshire |
| SK1 3TH |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| BALANCE SHEET |
| 30 APRIL 2023 |
| 30/4/23 | 30/4/22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Retained earnings |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| BALANCE SHEET - continued |
| 30 APRIL 2023 |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 1. | STATUTORY INFORMATION |
| Flanagans Barber Shop Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 May 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2023 |
| DEPRECIATION |
| At 1 May 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2023 |
| NET BOOK VALUE |
| At 30 April 2023 |
| At 30 April 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/23 | 30/4/22 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/4/23 | 30/4/22 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | SECURED DEBTS |
| The above bank loan is secured by way of a fixed and floating charge over all assets of the company. |
| 8. | PROVISIONS FOR LIABILITIES |
| 30/4/23 | 30/4/22 |
| £ | £ |
| Deferred tax |
| Capital allowances in excess of depreciation | 7,322 | 6,762 |
| FLANAGANS BARBER SHOP LIMITED (REGISTERED NUMBER: 03198383) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2023 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 May 2022 |
| Charge to Income Statement during year |
| Balance at 30 April 2023 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| 2023 | 2022 |
| £ | £ |
| 3800 A ordinary shares of £0.01 each | 38 | 38 |
| 3800 B ordinary shares of £0.01 each | 38 | 38 |
| 1500 C ordinary shares of £0.01 each | 15 | 15 |
| 100 D ordinary share of £0.01 each | 1 | 1 |
| 100 E ordinary share of £0.01 each | 1 | 1 |
| 100 F ordinary share of £0.01 each | 1 | 1 |
| 100 G ordinary share of £0.01 each | 1 | 1 |
| 100 H ordinary shares of £0.01 each | 1 | 1 |
| 100 I ordinary shares of £0.01 each | 1 | 1 |
| 100 J ordinary shares of £0.01 each | 1 | 1 |
| 100 K ordinary share of £0.01 each | 1 | 1 |
| 100 L ordinary share of £0.01 each | 1 | 1 |
| 527 M ordinary shares of £0.01 each | 5.27 | 5.27 |
| All the classes of fully paid "A" to "M" Ordinary shares have the same rights attaching to them except they carry differential rights to the receipt of such dividends, payable on such class or classes of shares, in such amounts, at such frequency and at such times on the recommendation of the Directors. |