Red Hair Design Limited - Accounts

Red Hair Design Limited - Accounts

RED HAIR DESIGN LIMITED - Company Information

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Registered Number: 08985813
England and Wales

 

 

 

RED HAIR DESIGN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

Red Hair Design Limited
Contents Page
For the year ended 30 April 2023
In order to assist you to fulfill your duties under the Companies Act 2006, we have compiled for your approval the financial statements of Red Hair Design Limited for the year ended 30 April 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Red Hair Design Limited in accordance with our terms of engagement. 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 Red Hair Design 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 profit of Red Hair Design Limited.


You consider that Red Hair Design Limited is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of Red Hair Design 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.


Burton Varley Ltd
Suite 3, 2nd Floor, Didsbury House
748 - 754 Wilmslow Road
Manchester
M20 2DW
29 January 2024
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 14,861    18,880 
14,861    18,880 
Current assets      
Stocks 3,891    0 
Debtors 3,681    7,341 
Cash at bank and in hand 15,060    20,301 
22,632    27,642 
Creditors: amount falling due within one year (20,468)   (827)
Net current assets 2,164    26,815 
 
Total assets less current liabilities 17,025    45,695 
Creditors: amount falling due after more than one year (9,992)   (18,000)
Accruals and deferred income 0    (6,197)
Net assets 7,033    21,498 
 

Capital and reserves 		     
Called up share capital 4 100    100 
Profit and loss account 6,933    21,398 
Shareholder's funds 7,033    21,498 
 


For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 January 2024 and were signed by:


-------------------------------
Kerrie Deavall
Director
2
General Information
Red Hair Design Limited is a private company, limited by shares, registered in England and Wales, registration number 08985813, registration address 20 The Cross, Lymm, WA13 0HU.

The presentation currency is £ sterling.
1.

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, and trade discounts.
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:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 20% 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. 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 1 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 May 2022 11,082    14,794    25,876 
Additions -    -    - 
Disposals -    -    - 
At 30 April 2023 11,082    14,794    25,876 
Depreciation
At 01 May 2022 6,217    779    6,996 
Charge for year 1,216    2,803    4,019 
On disposals -    -    - 
At 30 April 2023 7,433    3,582    11,015 
Net book values
Closing balance as at 30 April 2023 3,649    11,212    14,861 
Opening balance as at 01 May 2022 4,865    14,015    18,880 


4.

Share Capital

Allotted, called up and fully paid
2023
£		   2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3