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REGISTERED NUMBER: 07353734 (England and Wales)














Financial Statements for the Year Ended 31 December 2021

for

Hair Tahir Ltd

Hair Tahir Ltd (Registered number: 07353734)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hair Tahir Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Ms Z Hosking
Mr T Hosking





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07353734 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Hair Tahir Ltd (Registered number: 07353734)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,205 33,234

CURRENT ASSETS
Debtors 5 12,986 4,984
Cash at bank 140,527 178,414
153,513 183,398
CREDITORS
Amounts falling due within one year 6 69,902 67,088
NET CURRENT ASSETS 83,611 116,310
TOTAL ASSETS LESS CURRENT LIABILITIES 111,816 149,544

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 111,814 149,542
SHAREHOLDERS' FUNDS 111,816 149,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Hair Tahir Ltd (Registered number: 07353734)

Statement of Financial Position - continued
31 December 2021


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 Board of Directors and authorised for issue on 13 August 2022 and were signed on its behalf by:




Ms Z Hosking - Director



Mr T Hosking - Director


Hair Tahir Ltd (Registered number: 07353734)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Hair Tahir 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Government grants represents income received in the form of Job Retention Scheme (JRS) money received from the Government during the COVID-19 pandemic.

Going concern
COVID-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.

Hair Tahir Ltd (Registered number: 07353734)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2021 92,349 916 744 94,009
Disposals - (916 ) - (916 )
At 31 December 2021 92,349 - 744 93,093
DEPRECIATION
At 1 January 2021 59,546 916 313 60,775
Charge for year 4,921 - 108 5,029
Eliminated on disposal - (916 ) - (916 )
At 31 December 2021 64,467 - 421 64,888
NET BOOK VALUE
At 31 December 2021 27,882 - 323 28,205
At 31 December 2020 32,803 - 431 33,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 12,986 4,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Taxation and social security 69,539 66,542
Other creditors 363 546
69,902 67,088

7. RELATED PARTY DISCLOSURES

The Directors, Ms Z Hosking and Mr T Hosking, are considered to be key management personnel.