Castle Lane Barber Shop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04627105 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2020

FOR

CASTLE LANE BARBER SHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Abi-Farah

SECRETARY:

BH21 Ltd

REGISTERED OFFICE:

12 Haviland Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7RG

REGISTERED NUMBER:

04627105 (England and Wales)

ACCOUNTANTS:

Elson Geaves Accountants

Chartered Certified Accountants

12 Haviland Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7RG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,160

5,200

4,160

5,200

CURRENT ASSETS

Cash at bank

14,149

1,234

CREDITORS

Amounts falling due within one year

6

40,526

36,600

NET CURRENT LIABILITIES

(26,377

)

(35,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,217

)

(30,166

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(22,221

)

(30,170

)

SHAREHOLDERS' FUNDS

(22,217

)

(30,166

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue on 27 July 2020 and were signed by:

F Abi-Farah - Director

1.	STATUTORY INFORMATION

Castle Lane Barber Shop 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.

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

4,731

AMORTISATION

At 1 May 2019

and 30 April 2020

4,731

NET BOOK VALUE

At 30 April 2020

-

At 30 April 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

13,475

DEPRECIATION

At 1 May 2019

8,275

Charge for year

1,040

At 30 April 2020

9,315

NET BOOK VALUE

At 30 April 2020

4,160

At 30 April 2019

5,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

-

562

Other creditors

40,527

36,039

40,526

36,600

7.	RELATED PARTY DISCLOSURES

The company was under the control of Mr Abi-Farah through the year. Mr Abi-Farah is the Managing

Director and majority shareholder.