Leaf Hairdressing Limited - Accounts

LEAF HAIRDRESSING LIMITED - Company Information

Leaf Hairdressing Limited 04966812 salon false 1 September 2020 04966812 2020-09-01 2021-08-31 04966812 2020-08-31 04966812 2021-08-31 04966812 2019-09-01 2020-08-31 04966812 2019-08-31 04966812 2020-08-31 04966812 frs102-bus:FRS102 2020-09-01 2021-08-31 04966812 frs102-bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 04966812 frs102-bus:FullAccounts 2020-09-01 2021-08-31 04966812 frs102-bus:AuditExemptWithAccountantsReport 2020-09-01 2021-08-31 04966812 frs102-core:CurrentFinancialInstruments 2021-08-31 04966812 frs102-core:CurrentFinancialInstruments 2020-08-31 04966812 frs102-core:Non-currentFinancialInstruments 2021-08-31 04966812 frs102-core:Non-currentFinancialInstruments 2020-08-31 04966812 frs102-core:ShareCapital 2021-08-31 04966812 frs102-core:ShareCapital 2020-08-31 04966812 frs102-core:RetainedEarningsAccumulatedLosses 2021-08-31 04966812 frs102-core:RetainedEarningsAccumulatedLosses 2020-08-31 04966812 frs102-bus:Director1 2020-09-01 2021-08-31 04966812 frs102-core:FurnitureFittings 2020-09-01 2021-08-31 04966812 frs102-core:FurnitureFittings 2020-08-31 04966812 frs102-core:LandBuildings 2020-08-31 04966812 frs102-core:LandBuildings 2020-09-01 2021-08-31 04966812 frs102-core:FurnitureFittings 2021-08-31 04966812 frs102-core:LandBuildings 2021-08-31 04966812 frs102-core:FurnitureFittings 2020-08-31 04966812 frs102-core:LandBuildings 2020-08-31 04966812 frs102-core:DeferredTaxation 2021-08-31 04966812 frs102-core:DeferredTaxation 2020-08-31 04966812 frs102-bus:OrdinaryShareClass1 2021-08-31 04966812 frs102-bus:OrdinaryShareClass1 2020-08-31 04966812 frs102-bus:OrdinaryShareClass1 2020-09-01 2021-08-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	04966812

	Leaf Hairdressing Limited
	Unaudited Accounts
	for the year ended
	31 August 2021

Leaf Hairdressing Limited Balance Sheet as at 31 August 2021
	Notes		2021 £		2020 £
Fixed assets
Tangible assets	3		19,591		17,056
			19,591		17,056

Current assets
Stocks		7,000		7,000
Debtors	4	462		6,624
Cash at bank and in hand		51,846		33,937
		59,308		47,561

Creditors: amounts falling due within one year	5	(25,793)		(22,221)

Net current assets / (liabilities)			33,515		25,340

Total assets less current liabilities			53,106		42,396

Creditors: amounts falling due after more than one year	6		(18,750)		(25,000)

Provisions for liabilities	7		(2,348)		(1,849)

Accruals and deferred income			(600)		(3,000)

Total net assets (liabilities)			31,408		12,547

Capital and reserves
Called up share capital	8		100		100
Profit and loss account			31,308		12,447
Shareholders' funds			31,408		12,547

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mrs C Caisley

Director

Approved by the board on 7 January 2022

Company Number: 04966812 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

200a Heaton Road
Heaton
Newcastle Upon Tyne
NE6 5HP

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable for services provided. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when services are provided.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Fixtures & Fittings

20% Reducing Balance

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

	Deferred taxation
	Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

Deferred taxation

Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

	Pensions
	The company operates a defined contribution pension scheme, with contributions charged to the profit and loss account for the year in which they are payable to the scheme.

	Government grants
	Government grants relating to tangible fixed assets are credited to the profit and loss account over the useful economic lives of the related assets. Grants relating to other expenditure are credit to the profit and loss account in the period the related expenditure is recognised.

	Financial instruments
	Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.

Employees
	2021	2020
Average number of employees during the period	6	6

Tangible fixed assets
	Fixtures & Fittings	Land & buildings	Total
Cost or valuation	£	£	£
At 1 September 2020	55,737	7,234	62,971
Additions	5,624	0	5,624
At 31 August 2021	61,361	7,234	68,595
Depreciation
At 1 September 2020	45,915	0	45,915
Charge for the period	3,089	0	3,089
At 31 August 2021	49,004	0	49,004
Net book value
At 31 August 2021	12,357	7,234	19,591
At 31 August 2020	9,822	7,234	17,056

Debtors
	2021	2020
	£	£
Trade debtors	462	4,675
Other debtors	0	1,949
	462	6,624

Creditors: amounts falling due within one year
	2021	2020
	£	£
Bank Loans & Overdrafts	5,000	0
Trade creditors	3,289	2,296
Taxation & social security	17,466	18,267
Other creditors	38	1,658
	25,793	22,221

Creditors: amounts falling due after one year
	2021	2020
	£	£
Bank Loans & overdrafts	18,750	25,000
	18,750	25,000

Provisions
	2021	2020
	£	£
Deferred tax	2,348	1,849
	2,348	1,849

Share capital
	2021	2020
	£	£
Allotted, called up and fully paid:
100 (2020: 100) Ordinary shares of £1.00 each	100	100

	100	100