1 March 2022 false No description of principal activity Taxfiler 2023.9.1 05703536business:PrivateLimitedCompanyLtd2022-03-012023-02-28 057035362022-02-28 057035362022-03-012023-02-28 05703536business:AuditExemptWithAccountantsReport2022-03-012023-02-28 05703536business:FilletedAccounts2022-03-012023-02-28 057035362023-02-28 05703536business:Director12022-03-012023-02-28 05703536business:RegisteredOffice2022-03-012023-02-28 057035362022-02-28 05703536core:WithinOneYear2023-02-28 05703536core:WithinOneYear2022-02-28 05703536core:AfterOneYear2023-02-28 05703536core:AfterOneYear2022-02-28 05703536core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 05703536core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 05703536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 05703536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 05703536core:PreviouslyStatedAmount2023-02-28 05703536core:PreviouslyStatedAmount2022-02-28 05703536business:SmallEntities2022-03-012023-02-28 05703536countries:EnglandWales2022-03-012023-02-28 05703536core:LandBuildings2022-03-012023-02-28 05703536core:FurnitureFittings2022-03-012023-02-28 05703536core:ComputerEquipment2022-03-012023-02-28 05703536core:Goodwill2022-02-28 05703536core:IntangibleAssetsOtherThanGoodwill2022-02-28 05703536core:Goodwill2023-02-28 05703536core:IntangibleAssetsOtherThanGoodwill2023-02-28 05703536core:Goodwill2022-03-012023-02-28 05703536core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-28 05703536core:LandBuildings2022-02-28 05703536core:FurnitureFittings2022-02-28 05703536core:ComputerEquipment2022-02-28 05703536core:LandBuildings2023-02-28 05703536core:FurnitureFittings2023-02-28 05703536core:ComputerEquipment2023-02-28 05703536business:OrdinaryShareClass12022-03-012023-02-28 05703536business:OrdinaryShareClass12021-03-012022-02-28 05703536business:OrdinaryShareClass22022-03-012023-02-28 05703536business:OrdinaryShareClass22021-03-012022-02-28 05703536business:AllOrdinaryShares2022-03-012023-02-28 05703536business:AllOrdinaryShares2021-03-012022-02-28 057035362021-03-012022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05703536 (England and Wales)
STRANDED HAIR GROUP LIMITED Unaudited accounts for the year ended 28 February 2023
STRANDED HAIR GROUP LIMITED Unaudited accounts Contents
Page
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STRANDED HAIR GROUP LIMITED Company Information for the year ended 28 February 2023
Director
Gary Howe
Company Number
05703536 (England and Wales)
Registered Office
Unit 4a Towngate Business Centre Walkden Manchester England M38 0PT
Accountants
Annette & Co. 28 Kittlegairy Crescent Peebles EH45 9NJ
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STRANDED HAIR GROUP LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
2,127 
Tangible assets
22,676 
25,315 
22,677 
27,442 
Current assets
Inventories
504,844 
334,799 
Debtors
170,244 
143,632 
Cash at bank and in hand
25,151 
103,344 
700,239 
581,775 
Creditors: amounts falling due within one year
(22,518)
(18,691)
Net current assets
677,721 
563,084 
Total assets less current liabilities
700,398 
590,526 
Creditors: amounts falling due after more than one year
(35,000)
(45,006)
Net assets
665,398 
545,520 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
665,396 
545,518 
Shareholders' funds
665,398 
545,520 
For the year ending 28 February 2023 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 13 October 2023 and were signed on its behalf by
Gary Howe Director Company Registration No. 05703536
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STRANDED HAIR GROUP LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
STRANDED HAIR GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05703536. The registered office is Unit 4a Towngate Business Centre, Walkden, Manchester, England, M38 0PT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
20% as per Straight Line Method
Fixtures & fittings
25% as per Reducing Balance Method
Computer equipment
25% as per Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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STRANDED HAIR GROUP LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 March 2022
286,932 
21,264 
308,196 
At 28 February 2023
286,932 
21,264 
308,196 
Amortisation
At 1 March 2022
286,932 
19,137 
306,069 
Charge for the year
- 
2,126 
2,126 
At 28 February 2023
286,932 
21,263 
308,195 
Net book value
At 28 February 2023
- 
1 
1 
At 28 February 2022
- 
2,127 
2,127 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
22,176 
154,357 
4,177 
180,710 
Additions
- 
4,571 
350 
4,921 
At 28 February 2023
22,176 
158,928 
4,527 
185,631 
Depreciation
At 1 March 2022
22,176 
130,488 
2,731 
155,395 
Charge for the year
- 
6,497 
1,063 
7,560 
At 28 February 2023
22,176 
136,985 
3,794 
162,955 
Net book value
At 28 February 2023
- 
21,943 
733 
22,676 
At 28 February 2022
- 
23,869 
1,446 
25,315 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
26,491 
11,213 
Trade debtors
129,816 
110,089 
Accrued income and prepayments
405 
13,183 
Other debtors
13,532 
9,147 
170,244 
143,632 
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STRANDED HAIR GROUP LIMITED Notes to the Accounts for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
12,628 
11,983 
Amounts owed to group undertakings and other participating interests
121 
121 
Taxes and social security
1,147 
(430)
Other creditors
8,426 
4,180 
Loans from directors
196 
1,237 
Accruals
- 
1,600 
22,518 
18,691 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,000 
45,006 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Gary Howe of £1 each
1 
1 
1 Emma Howe of £1 each
1 
1 
2 
2 
10
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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