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REGISTERED NUMBER: 07546312 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

UK Remy Hair Extensions Ltd

UK Remy Hair Extensions Ltd (Registered number: 07546312)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK Remy Hair Extensions Ltd

Company Information
for the Year Ended 31 August 2021







DIRECTORS: Melissa Healey
Robert Healey





REGISTERED OFFICE: 38 Kingfield Road
Liverpool
Merseyside
L9 3AW





REGISTERED NUMBER: 07546312 (England and Wales)





ACCOUNTANTS: Craig Callum Associates Ltd
Landmark House
43-45 Merton Road
Bootle
Liverpool
Merseyside
L20 7AP

UK Remy Hair Extensions Ltd (Registered number: 07546312)

Balance Sheet
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,184 4,076

CURRENT ASSETS
Stocks 5 1,553,064 1,178,573
Debtors 6 30,897 14,167
Cash at bank 93,383 28,105
1,677,344 1,220,845
CREDITORS
Amounts falling due within one year 7 497,952 409,458
NET CURRENT ASSETS 1,179,392 811,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,188,576

815,463

CREDITORS
Amounts falling due after more than one
year

8

(230,637

)

(271,584

)

PROVISIONS FOR LIABILITIES 10 (1,745 ) (774 )
NET ASSETS 956,194 543,105

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 956,094 543,005
SHAREHOLDERS' FUNDS 956,194 543,105

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

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

UK Remy Hair Extensions Ltd (Registered number: 07546312)

Balance Sheet - continued
31 August 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 17 August 2022 and were signed on its behalf by:





Melissa Healey - Director


UK Remy Hair Extensions Ltd (Registered number: 07546312)

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

1. STATUTORY INFORMATION

UK Remy Hair Extensions 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 etc - 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 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 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 5 (2020 - 7 ) .

UK Remy Hair Extensions Ltd (Registered number: 07546312)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2020 687 8,977 9,664
Additions 6,553 2,067 8,620
Disposals - (4,305 ) (4,305 )
At 31 August 2021 7,240 6,739 13,979
DEPRECIATION
At 1 September 2020 565 5,023 5,588
Charge for year 1,669 1,393 3,062
Eliminated on disposal - (3,855 ) (3,855 )
At 31 August 2021 2,234 2,561 4,795
NET BOOK VALUE
At 31 August 2021 5,006 4,178 9,184
At 31 August 2020 122 3,954 4,076

5. STOCKS
31.8.21 31.8.20
£    £   
Stocks 1,553,064 1,178,573

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 10,449 -
Other debtors 20,448 14,167
30,897 14,167

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts (see note 9) 91,135 -
Taxation and social security 228,719 153,584
Other creditors 178,098 255,874
497,952 409,458

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.21 31.8.20
£    £   
Bank loans (see note 9) 230,637 -
Other creditors - 271,584
230,637 271,584

UK Remy Hair Extensions Ltd (Registered number: 07546312)

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

9. LOANS

An analysis of the maturity of loans is given below:

31.8.21 31.8.20
£    £   
Amounts falling due within one year or on demand:
Bank loans 91,135 -
Other loans - 66,291
91,135 66,291

Amounts falling due between one and two years:
Bank loans - 1-2 years 97,471 -
Other loans - 1-2 years - 71,939
97,471 71,939

Amounts falling due between two and five years:
Bank loans - 2-5 years 133,166 -
Other loans - 2-5 years - 199,645
133,166 199,645

10. PROVISIONS FOR LIABILITIES
31.8.21 31.8.20
£    £   
Deferred tax 1,745 774

Deferred
tax
£   
Balance at 1 September 2020 774
Provided during year 971
Balance at 31 August 2021 1,745

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.21 31.8.20
value: £    £   
1 Ordinary £1 100 100

UK Remy Hair Extensions Ltd (Registered number: 07546312)

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

12. RESERVES
Retained
earnings
£   

At 1 September 2020 543,005
Profit for the year 523,089
Dividends (110,000 )
At 31 August 2021 956,094

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2021 and 31 August 2020:

31.8.21 31.8.20
£    £   
Melissa Healey and Robert Healey
Balance outstanding at start of year (184,483 ) (171,316 )
Amounts advanced 9,556 -
Amounts repaid - (13,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (174,927 ) (184,483 )

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 (2020 - £70,000) were paid to the directors .

15. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Healey and Mr R Healey.