Samphire Hair Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08678075 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Samphire Hair Design Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J A Smith

REGISTERED OFFICE:

1a Belle Vue

Penclawdd

Swansea

West Glamorgan

SA4 3YE

REGISTERED NUMBER:

08678075 (England and Wales)

ACCOUNTANTS:

C Hergest Ltd

AAT Licensed Accountant

28 High Street

Aberdare

RCT

CF44 7AA

FIXED ASSETS

Tangible assets

4

1,256

1,198

CURRENT ASSETS

Stocks

5

450

450

Debtors

6

16

98

Cash at bank and in hand

9,992

3,220

10,458

3,768

CREDITORS

Amounts falling due within one year

7

9,033

2,677

NET CURRENT ASSETS

1,425

1,091

TOTAL ASSETS LESS CURRENT LIABILITIES

2,681

2,289

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

2,581

2,189

SHAREHOLDERS' FUNDS

2,681

2,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 and authorised for issue on 19 June 2021 and were signed by:

Mrs J A Smith - Director

1.	STATUTORY INFORMATION

Samphire Hair Design 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.

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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2019

1,541

3,561

779

5,881

Additions

319

343

-

662

At 30 September 2020

1,860

3,904

779

6,543

DEPRECIATION

At 1 October 2019

879

3,269

535

4,683

Charge for year

199

345

60

604

At 30 September 2020

1,078

3,614

595

5,287

NET BOOK VALUE

At 30 September 2020

782

290

184

1,256

At 30 September 2019

662

292

244

1,198

5.

STOCKS

30.9.20

30.9.19

£

£

Stocks

450

450

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Prepayments

16

98

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

5,000

-

Tax

1,390

608

Directors' current accounts

427

1,047

Accrued expenses

2,216

1,022

9,033

2,677

8.

RESERVES

Retained

earnings

£

At 1 October 2019

2,189

Profit for the year

3,392

Dividends

(3,000

)

At 30 September 2020

2,581