HAIR, CARE, SHARE CIC

Company Registration Number:
12291997 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

HAIR, CARE, SHARE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HAIR, CARE, SHARE CIC

Directors' report period ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Principal activities of the company

1



Directors

The director shown below has held office during the whole of the period from
1 November 2021 to 31 October 2022

Shelley Line


Secretary Ian Winsor

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 October 2023

And signed on behalf of the board by:
Name: Shelley Line
Status: Director

HAIR, CARE, SHARE CIC

Profit And Loss Account

for the Period Ended 31 October 2022

2022 2021


£

£
Turnover: 31,296 34,791
Cost of sales: ( 2,223 ) ( 5,071 )
Gross profit(or loss): 29,073 29,720
Administrative expenses: ( 32,046 ) ( 42,262 )
Other operating income: 17,908
Operating profit(or loss): (2,973) 5,366
Profit(or loss) before tax: (2,973) 5,366
Tax: ( 1,067 )
Profit(or loss) for the financial year: (2,973) 4,299

HAIR, CARE, SHARE CIC

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 1,155 1,005
Total fixed assets: 1,155 1,005
Current assets
Stocks: 4 850 800
Cash at bank and in hand: 35,314 29,694
Total current assets: 36,164 30,494
Creditors: amounts falling due within one year: 5 ( 32,262 ) ( 23,469 )
Net current assets (liabilities): 3,902 7,025
Total assets less current liabilities: 5,057 8,030
Total net assets (liabilities): 5,057 8,030
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,957 7,930
Total Shareholders' funds: 5,057 8,030

The notes form part of these financial statements

HAIR, CARE, SHARE CIC

Balance sheet statements

For the year ending 31 October 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 18 October 2023
and signed on behalf of the board by:

Name: Shelley Line
Status: Director

The notes form part of these financial statements

HAIR, CARE, SHARE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation Fixtures, fittings and equipment 20 per cent reducing balance

HAIR, CARE, SHARE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 1

HAIR, CARE, SHARE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 1,570 1,570
Additions 150 150
Disposals
Revaluations
Transfers
At 31 October 2022 1,720 1,720
Depreciation
At 1 November 2021 565 565
Charge for year
On disposals
Other adjustments
At 31 October 2022 565 565
Net book value
At 31 October 2022 1,155 1,155
At 31 October 2021 1,005 1,005

HAIR, CARE, SHARE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Stocks

2022 2021
£ £
Stocks 850 800
Total 850 800

HAIR, CARE, SHARE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Accruals and deferred income 10,360 1,000
Other creditors 21,902 22,469
Total 32,262 23,469

COMMUNITY INTEREST ANNUAL REPORT

HAIR, CARE, SHARE CIC

Company Number: 12291997 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

Hair, Care, Share is a community interest company which makes provision of hairdressing services to beneficiaries from donations made by benefactors by adding to the cost of the service to include a donation. The donation element is put towards a hairdressing service for someone that is struggling to reach their potential. Our beneficiaries can include the users of food banks, job centres, homeless shelters, those recently hospitalized, claiming PIP, full time/youth carers, a community pillar that deserves a pampering session, it is all the people that simply don't have the budget for a decent hair service, feeling your best is a basic human right. Hair, Care, Share works alongside the providers of the above services to ensure that our beneficiaries are legitimately in need of our help but also to ensure that the emotional well-being of each and every client is a key consideration.The director and individual behind it, Shelley Line, began the process of opening a hair salon in 2019 and having secured premises opened in January 2020. We have continued this service throughout 2021 and 2022.In 2022 we widened our objectives following a successful application to the Social Enterprise Support Fund which provided funding of £18720. Our application was with the aim to help the LGBTQ+ community to tackle loneliness and isolation and provide a welcoming space with no prejudice , a multi-purpose space, where members can be introduced to members of the community who feel extremely isolated, particularly those who are struggling with gender dysphoria. Our professionally structured meetings and activities have include dance, art, photography, modelling, design, make-up, hair and crafting all of which has been participant led but managed with a support mechanism in place by introducing a project coordinator and supervisor. We have space for up to 20 people to meet and participate on a weekly basis.

Consultation with stakeholders

The company's stakeholders are residents of the local area. The director of the company has lived in the locality for a number of years and developed the business model for the salon based on their experience of talking to other residents. Our beneficiaries can include the users of food banks, job centre's, homeless shelters, those recently hospitalised, claiming PIP, full time/youth curers. Hair, Care, Share works alongside the providers of the above services who are also very much stakeholders to ensure that our beneficiaries are legitimately in need of our help but also to ensure that the emotional well-being of each and every client is a key consideration.Whilst still residing in the local area our stakeholders have extended to specifically include the LGBT+ community. We help the LGBTQ+ community to tackle loneliness and isolation and provide a welcoming space with no prejudice , a multi-purpose space, where we can introduce members of the community who feel extremely isolated, particularly those who are struggling with gender dysphoria. Our professionally structured meetings and activities include dance, art, photography, modelling, design, make-up, hair and crafting all of which are participant led but managed with a support mechanism in place by means of a project coordinator and supervisor. We have been able to accommodate up to 20 people to meet and participate on a weekly basis.

Directors' remuneration

The aggregate amount of emoluments paid to the director in respect of qualifying services was £8,750.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 October 2023

And signed on behalf of the board by:
Name: Shelley Line
Status: Director