Tony Wood Hairdressing Ltd - Accounts to registrar (filleted) - small 18.2

Tony Wood Hairdressing Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08620623(England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2019

for

Tony Wood Hairdressing Ltd

Tony Wood Hairdressing Ltd (Registered number: 08620623)






Contents of the Financial Statements
for the Year Ended 30 September 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tony Wood Hairdressing Ltd

Company Information
for the Year Ended 30 September 2019







DIRECTORS: Liam Bradley Fry





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 08620623(England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Balance Sheet
30 September 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,717 18,996

CURRENT ASSETS
Stocks 5 5,500 8,000
Debtors 6 31,726 43,349
Cash at bank and in hand 32,957 22,000
70,183 73,349
CREDITORS
Amounts falling due within one year 7 77,618 77,531
NET CURRENT LIABILITIES (7,435 ) (4,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,282

14,814

CREDITORS
Amounts falling due after more than
one year

8

(4,000

)

(8,000

)

PROVISIONS FOR LIABILITIES (2,707 ) (3,363 )
NET ASSETS 575 3,451

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 475 3,351
SHAREHOLDERS' FUNDS 575 3,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

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.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Balance Sheet - continued
30 September 2019


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 Board of Directors on 13 January 2020and were
signed on its behalf by:





Liam Bradley Fry- Director


Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements
for the Year Ended 30 September 2019

1. STATUTORY INFORMATION

Tony Wood Hairdressing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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.

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18(2018 - 17) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2018 41,409 2,500 - 43,909
Additions 339 - 1,082 1,421
Disposals - (2,500 ) - (2,500 )
At 30 September 2019 41,748 - 1,082 42,830
DEPRECIATION
At 1 October 2018 23,203 1,710 - 24,913
Charge for year 4,639 - 271 4,910
Eliminated on disposal - (1,710 ) - (1,710 )
At 30 September 2019 27,842 - 271 28,113
NET BOOK VALUE
At 30 September 2019 13,906 - 811 14,717
At 30 September 2018 18,206 790 - 18,996

5. STOCKS
30.9.19 30.9.18
£    £   
Stocks 5,500 8,000

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Amount owed from associated
company 15,742 29,326
Amount owed from associated
company

379

-
Directors' current accounts 15,605 14,023
31,726 43,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade creditors 18,887 16,137
Corporation tax 9,524 8,748
Social security and other taxes (1,866 ) 2,205
Wages control 16,980 14,565
Pension control 992 771
VAT 28,946 28,296
Directors' current accounts - 2,654
Accrued expenses 4,155 4,155
77,618 77,531

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.19 30.9.18
£    £   
Other loans - 2-5 years 4,000 8,000

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.19 30.9.18
value: £    £   
100 Ordinary £1 100 100

Tony Wood Hairdressing Ltd (Registered number: 08620623)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2019

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
30 September 2019 and 30 September 2018:

30.9.19 30.9.18
£    £   
Tony Andrew Wood
Balance outstanding at start of year (2,654 ) (671 )
Amounts advanced 38,011 -
Amounts repaid (35,357 ) (1,983 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,654 )

Liam Bradley Fry
Balance outstanding at start of year 14,023 9,672
Amounts advanced 5,226 4,351
Amounts repaid (3,643 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,606 14,023

Included in debtors/(creditors) are amounts due from/to the directors of £15,606 (2018 -
£14,023/£(2,654)). These loans are interest free, undated, unsecured and repayable on
demand.



11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Liam Bradley Fry.