Company Registration No. 11453729 (England and Wales)
Prestige Barbers Ltd
Unaudited accounts
for the year ended 31 July 2020
Prestige Barbers Ltd
Unaudited accounts
Contents
Prestige Barbers Ltd
Company Information
for the year ended 31 July 2020
Directors
Stacy Wilkie
Alexander Ian Wilkie
Stephanie Lauran Critchley
Company Number
11453729 (England and Wales)
Registered Office
1188 New Chester Road
Eastham
Wirral
CH62 9AE
United Kingdom
Accountants
Roscoe Accountants
3 Grayling Avenue
Ellesmere Port
CH66 1UD
Prestige Barbers Ltd
Statement of financial position
as at
31 July 2020
Tangible assets
2,791
2,250
Cash at bank and in hand
14,360
5,414
Creditors: amounts falling due within one year
(14,906)
(3,042)
Net current (liabilities)/assets
(546)
2,372
Called up share capital
100
100
Profit and loss account
2,145
4,522
Shareholders' funds
2,245
4,622
For the year ending 31 July 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2020 and were signed on its behalf by
Stacy Wilkie
Director
Company Registration No. 11453729
Prestige Barbers Ltd
Notes to the Accounts
for the year ended 31 July 2020
Prestige Barbers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11453729. The registered office is 1188 New Chester Road, Eastham, Wirral, CH62 9AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2019
3,000
-
3,000
At 31 July 2020
3,930
609
4,539
At 1 August 2019
750
-
750
Charge for the year
795
203
998
At 31 July 2020
1,545
203
1,748
At 31 July 2020
2,385
406
2,791
At 31 July 2019
2,250
-
2,250
Prestige Barbers Ltd
Notes to the Accounts
for the year ended 31 July 2020
5
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
8,800
750
Taxes and social security
316
533
Accrued preference dividends
2,000
-
Other creditors
2,107
671
Loans from directors
1,683
1,088
6
Average number of employees
During the year the average number of employees was 2 (2019: 1).