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REGISTERED NUMBER: 08773739 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Hairart Limited

Hairart Limited (Registered number: 08773739)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hairart Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mrs K Flint





REGISTERED OFFICE: 794 High Street
Kingswinford
West Midlands
DY6 8BQ





BUSINESS ADDRESS: 18 Dunsley Road
Kinver
Stourbridge
West Midlands
DY7 6NA





REGISTERED NUMBER: 08773739 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Hairart Limited (Registered number: 08773739)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 332 414

CURRENT ASSETS
Stocks 2,850 2,800
Debtors 5 351 -
Cash at bank 77,533 85,729
80,734 88,529
CREDITORS
Amounts falling due within one year 6 39,903 53,286
NET CURRENT ASSETS 40,831 35,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,163

35,657

CREDITORS
Amounts falling due after more than one year 7 - (21,000 )

PROVISIONS FOR LIABILITIES (63 ) (79 )
NET ASSETS 41,100 14,578

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 41,000 14,478
SHAREHOLDERS' FUNDS 41,100 14,578

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 director acknowledges her 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.

Hairart Limited (Registered number: 08773739)

Balance Sheet - 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 director and authorised for issue on 16 May 2022 and were signed by:





Mrs K Flint - Director


Hairart Limited (Registered number: 08773739)

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

1. STATUTORY INFORMATION

Hairart Limited 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.

Hairart Limited (Registered number: 08773739)

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
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021
and 31 December 2021 953 450 1,403
DEPRECIATION
At 1 January 2021 633 356 989
Charge for year 64 18 82
At 31 December 2021 697 374 1,071
NET BOOK VALUE
At 31 December 2021 256 76 332
At 31 December 2020 320 94 414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Prepayments and accrued income 351 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 2,400 2,350
Tax 6,706 549
Social security and other taxes 1,756 2,028
Directors' current accounts 26,989 46,203
Accrued expenses 2,052 2,156
39,903 53,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans more 5 yr by instal - 21,000

Hairart Limited (Registered number: 08773739)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.21 31.12.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2021 14,478
Profit for the year 28,522
Dividends (2,000 )
At 31 December 2021 41,000

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2020 - £2,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K Flint.