Company Registration No. 10166158 (England and Wales)
Love is in the Hair Limited
Unaudited accounts
for the period from 31 May 2022 to 31 May 2023
Love is in the Hair Limited
Unaudited accounts
Contents
Love is in the Hair Limited
Company Information
for the period from 31 May 2022 to 31 May 2023
Company Number
10166158 (England and Wales)
Registered Office
Love Is In The Hair
The Granary
Horsham Park
Horsham
West Sussex
RH12 1RJ
England
Accountants
Nicola Grobety (MAAT)
Longwood Business Support Ltd
16 Longwood View
Crawley
West Sussex
RH10 6PB
Love is in the Hair Limited
Statement of financial position
as at 31 May 2023
Tangible assets
6,016
4,362
Cash at bank and in hand
11,433
10,827
Creditors: amounts falling due within one year
(64,098)
(51,958)
Net current assets
30,864
32,986
Called up share capital
1
1
Profit and loss account
36,879
37,347
Shareholders' funds
36,880
37,348
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2024 and were signed on its behalf by
Lindsey James
Director
Company Registration No. 10166158
Love is in the Hair Limited
Notes to the Accounts
for the period from 31 May 2022 to 31 May 2023
Love is in the Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 10166158. The registered office and principal place of business is Love Is In The Hair, The Granary, Horsham Park, Horsham, West Sussex, RH12 1RJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 4 Years
Fixtures & fittings
Over 10 years
Computer equipment
Over 4 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Love is in the Hair Limited
Notes to the Accounts
for the period from 31 May 2022 to 31 May 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 31 May 2022
850
9,112
-
2,219
12,181
Additions
-
884
3,683
445
5,012
At 31 May 2023
850
9,996
3,683
2,664
17,193
At 31 May 2022
-
5,757
-
2,062
7,819
Charge for the period
-
2,721
368
269
3,358
At 31 May 2023
-
8,478
368
2,331
11,177
At 31 May 2023
850
1,518
3,315
333
6,016
At 31 May 2022
850
3,355
-
157
4,362
Amounts falling due within one year
Other debtors
81,058
74,117
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
(7,578)
Trade creditors
2,456
2,975
Taxes and social security
7,592
6,272
Other creditors
25,608
26,322
Loans from directors
23,958
23,958
7
Average number of employees
During the period the average number of employees was 5 (2022: 4).
