Tony Wood Hairdressing Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08620623 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Tony Wood Hairdressing Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Liam Bradley Fry

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

08620623 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

4

14,717

18,996

CURRENT ASSETS

Stocks

5

5,500

8,000

Debtors

6

31,726

43,349

Cash at bank and in hand

32,957

22,000

70,183

73,349

CREDITORS

Amounts falling due within one year

7

77,618

77,531

NET CURRENT LIABILITIES

(7,435

)

(4,182

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,282

14,814

CREDITORS

Amounts falling due after more than
one year

8

(4,000

)

(8,000

)

PROVISIONS FOR LIABILITIES

(2,707

)

(3,363

)

NET ASSETS

575

3,451

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

475

3,351

SHAREHOLDERS' FUNDS

575

3,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 13 January 2020 and were
signed on its behalf by:

Liam Bradley Fry - Director

1.	STATUTORY INFORMATION

Tony Wood Hairdressing 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.

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

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement

of Income and Retained Earnings, 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 18 (2018 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 October 2018

41,409

2,500

-

43,909

Additions

339

-

1,082

1,421

Disposals

-

(2,500

)

-

(2,500

)

At 30 September 2019

41,748

-

1,082

42,830

DEPRECIATION

At 1 October 2018

23,203

1,710

-

24,913

Charge for year

4,639

-

271

4,910

Eliminated on disposal

-

(1,710

)

-

(1,710

)

At 30 September 2019

27,842

-

271

28,113

NET BOOK VALUE

At 30 September 2019

13,906

-

811

14,717

At 30 September 2018

18,206

790

-

18,996

5.

STOCKS

30.9.19

30.9.18

£

Stocks

5,500

8,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

Amount owed from associated

company

15,742

29,326

Amount owed from associated
company

379

-

Directors' current accounts

15,605

14,023

31,726

43,349

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

Trade creditors

18,887

16,137

Corporation tax

9,524

8,748

Social security and other taxes

(1,866

)

2,205

Wages control

16,980

14,565

Pension control

992

771

VAT

28,946

28,296

Directors' current accounts

-

2,654

Accrued expenses

4,155

77,618

77,531

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

30.9.19

30.9.18

£

Other loans - 2-5 years

4,000

8,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

100

Ordinary

£1

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 September 2019 and 30 September 2018:

30.9.19

30.9.18

£

Tony Andrew Wood

Balance outstanding at start of year

(2,654

)

(671

)

Amounts advanced

38,011

-

Amounts repaid

(35,357

)

(1,983

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(2,654

)

Liam Bradley Fry

Balance outstanding at start of year

14,023

9,672

Amounts advanced

5,226

4,351

Amounts repaid

(3,643

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,606

14,023

Included in debtors/(creditors) are amounts due from/to the directors of £15,606 (2018 -

£14,023/£(2,654)). These loans are interest free, undated, unsecured and repayable on

demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Liam Bradley Fry.