Company Registration No. 11625326 (England and Wales)
Rascals Barbershop Ltd
Unaudited accounts
for the period from 16 October 2018 to 31 October 2019
Rascals Barbershop Ltd
Unaudited accounts
Contents
Rascals Barbershop Ltd
Company Information
for the period from 16 October 2018 to 31 October 2019
Company Number
11625326 (England and Wales)
Registered Office
UNIT 42 HOULTS YARD
WALKER ROAD
NEWCASTLE UPON TYNE
NE6 2HL
ENGLAND
Accountants
LP Accountants Ltd
Unit E
Colima Avenue
Sunderland
Tyne & Wear
SR5 3XB
Rascals Barbershop Ltd
Statement of financial position
as at
31 October 2019
Cash at bank and in hand
18,780
Creditors: amounts falling due within one year
(26,023)
Net current liabilities
(4,569)
Total assets less current liabilities
9,165
Creditors: amounts falling due after more than one year
(9,144)
Called up share capital
1
Profit and loss account
20
For the period ending 31 October 2019 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 director acknowledges his 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 and authorised for issue on 9 June 2020 and were signed on its behalf by
S Bentham
Director
Company Registration No. 11625326
Rascals Barbershop Ltd
Notes to the Accounts
for the period from 16 October 2018 to 31 October 2019
Rascals Barbershop Ltd is a private company, limited by shares, registered in England and Wales, registration number 11625326. The registered office is UNIT 42 HOULTS YARD, WALKER ROAD, NEWCASTLE UPON TYNE, NE6 2HL, ENGLAND.
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 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% on the reducing balance
Fixtures & fittings
15% on the reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 October 2019
10,000
Charge for the period
2,000
Rascals Barbershop Ltd
Notes to the Accounts
for the period from 16 October 2018 to 31 October 2019
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 16 October 2018
-
-
-
-
Additions
450
6,142
300
6,892
At 31 October 2019
450
6,142
300
6,892
Charge for the period
113
946
99
1,158
At 31 October 2019
113
946
99
1,158
At 31 October 2019
337
5,196
201
5,734
Accrued income and prepayments
2,674
7
Creditors: amounts falling due within one year
2019
Taxes and social security
1,562
Loans from directors
24,461
8
Creditors: amounts falling due after more than one year
2019
9
Average number of employees
During the period the average number of employees was 2.