Ealing (E3) Hairdressing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11596276 (England and Wales)

Financial Statements

for the Period 29 September 2018 to 31 August 2019

for

Ealing (E3) Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C F Mascolo

REGISTERED OFFICE:

Innovia House, Marish Wharf St. Marys Ro

Middlegreen

Slough

United Kingdom

SL3 6DA

REGISTERED NUMBER:

11596276 (England and Wales)

AUDITORS:

JWR Audit Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

CURRENT ASSETS

Stocks

1,074

Debtors

4

24,296

Cash at bank and in hand

7,372

32,742

CREDITORS

Amounts falling due within one year

5

46,965

NET CURRENT LIABILITIES

(14,223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,223

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(14,323

)

SHAREHOLDERS' FUNDS

(14,223

)

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 9 January 2020 and were signed by:

C F Mascolo - Director

1.	STATUTORY INFORMATION

Ealing (E3) 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.

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 period 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 period 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.

Going concern

The company meets its day to day working capital requirements through group funding and Mascolo Limited, the

immediate parent company, who also provide ongoing support for the company in the form of extended supplier

credits. The directors consider that it is appropriate to prepare the financial statements on a going concern basis

as they expect the company to be able to continue to trade within the facilities made available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

16,179

Other debtors

8,117

24,296

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

6,049

Amounts owed to group undertakings

20,470

Taxation and social security

7,389

Other creditors

13,057

46,965

6.	LEASING AGREEMENTS

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

£

Within one year

27,300

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

K S Wood (Senior Statutory Auditor)

for and on behalf of JWR Audit Limited

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C F Mascolo.