Bath (E) Hairdressing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04066219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Bath (E) Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Hodges

REGISTERED OFFICE:

Innovia House

Marish Wharf

St Marys Road

Middlegreen

Slough

SL3 6DA

REGISTERED NUMBER:

04066219 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

4

10,793

46

Tangible assets

5

32,712

30,640

43,505

30,686

CURRENT ASSETS

Stocks

4,131

4,660

Debtors

6

76,032

86,447

Cash at bank and in hand

8,224

6,094

88,387

97,201

CREDITORS

Amounts falling due within one year

7

78,375

53,460

NET CURRENT ASSETS

10,012

43,741

TOTAL ASSETS LESS CURRENT LIABILITIES

53,517

74,427

CREDITORS

Amounts falling due after more than one year

8

-

(1,667

)

PROVISIONS FOR LIABILITIES

(6,134

)

(5,723

)

NET ASSETS

47,383

67,037

CAPITAL AND RESERVES

Called up share capital

11

40,000

40,000

Retained earnings

7,383

27,037

SHAREHOLDERS' FUNDS

47,383

67,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director on 22 May 2020 and were signed by:

C J Hodges - Director

1.	STATUTORY INFORMATION

Bath (E) Hairdressing 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.

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

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Costs are being amortised evenly over their estimated useful life of five years.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

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.

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 17 (2018 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

Leasehold

Costs

Costs

Totals

£

£

£

COST

At 1 September 2018

7,390

-

7,390

Additions

7,250

5,915

13,165

Disposals

(4,640

)

-

(4,640

)

At 31 August 2019

10,000

5,915

15,915

AMORTISATION

At 1 September 2018

7,344

-

7,344

Amortisation for year

1,375

1,043

2,418

Eliminated on disposal

(4,640

)

-

(4,640

)

At 31 August 2019

4,079

1,043

5,122

NET BOOK VALUE

At 31 August 2019

5,921

4,872

10,793

At 31 August 2018

46

-

46

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2018

146,404

580

146,984

Additions

9,444

-

9,444

At 31 August 2019

155,848

580

156,428

DEPRECIATION

At 1 September 2018

115,764

580

116,344

Charge for year

7,372

-

7,372

At 31 August 2019

123,136

580

123,716

NET BOOK VALUE

At 31 August 2019

32,712

-

32,712

At 31 August 2018

30,640

-

30,640

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Other debtors

76,032

86,447

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

1,667

10,000

Trade creditors

38,580

10,372

Taxation and social security

19,361

23,999

Other creditors

18,767

9,089

78,375

53,460

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans

-

1,667

9.	LEASING AGREEMENTS

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

31.8.19

31.8.18

£

£

Within one year

50,947

3,960

Between one and five years

198,000

-

In more than five years

3,465

-

252,412

3,960

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.19

31.8.18

£

£

Bank loans

1,667

11,667

Bank loans are secured by a debenture over the assets of the company and a personal guarantee provided by the

directors' of £75,000.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.19

31.8.18

value:

£

£

40,000

Ordinary

£1

40,000

40,000

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

C J Hodges

Balance outstanding at start of year

34,074

33,934

Amounts advanced

-

140

Amounts repaid

(1,100

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,974

34,074

At the year end, the director owed the company £32,974 (2018: £34,074).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J Hodges.