2021-11-01 10451210 2023-03-31 10451210 2021-11-01 2023-03-31 10451210 2021-10-31 10451210 2020-11-01 2021-10-31 10451210 uk-core:WithinOneYear 2021-10-31 10451210 uk-core:WithinOneYear 2023-03-31 10451210 uk-core:AfterOneYear 2021-10-31 10451210 uk-core:AfterOneYear 2023-03-31 10451210 uk-core:ShareCapital 2023-03-31 10451210 uk-core:ShareCapital 2021-10-31 10451210 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 10451210 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 10451210 uk-bus:Director1 2021-11-01 2023-03-31 10451210 uk-core:ComputerEquipment 2021-11-01 2023-03-31 10451210 uk-core:FurnitureFittings 2021-11-01 2023-03-31 10451210 uk-core:ComputerEquipment 2021-10-31 10451210 uk-core:FurnitureFittings 2021-10-31 10451210 uk-core:FurnitureFittings 2023-03-31 10451210 uk-core:ComputerEquipment 2023-03-31 10451210 uk-core:WithinOneYear 2023-03-31 10451210 uk-core:WithinOneYear 2021-10-31 10451210 uk-core:AfterOneYear uk-core:Secured 2023-03-31 10451210 uk-core:AfterOneYear uk-core:Secured 2021-10-31 10451210 uk-core:AfterOneYear 2021-11-01 2023-03-31 iso4217:GBP xbrli:pure 10451210 uk-bus:AuditExemptWithAccountantsReport 2021-11-01 2023-03-31 10451210 uk-bus:FRS102 2021-11-01 2023-03-31 10451210 uk-bus:FullAccounts 2021-11-01 2023-03-31 10451210 uk-bus:PrivateLimitedCompanyLtd 2021-11-01 2023-03-31
Haze Hair Studio Limited
Registered Number:10451210
For the period ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2023
Haze Hair Studio Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
10451210
As at 31 March 2023
Haze Hair Studio Limited
Statement of Financial Position
£
£
2021
2023
Notes
Fixed assets
Property, plant and equipment
2,399
1,336
2
2,399
1,336
Current assets
Inventories
2,787
3,000
3
Trade and other receivables
528
2,920
4
13,383
Cash and cash equivalents
4,646
10,566
16,698
Trade and other payables: amounts falling due within one
year
(5,940)
(7,183)
5
10,758
3,383
Net current assets
Total assets less current liabilities
5,782
12,094
Trade and other payables: amounts falling due after more
than one year
(8,083)
(5,320)
6
(456)
(254)
Provisions for liabilities
6
Net assets
3,757
Capital and reserves
Called up share capital
1
1
Retained earnings
5
3,756
6
3,757
Shareholders' funds
For the period ended 31 March 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 of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
10451210
For the period ended 31 March 2023
Haze Hair Studio Limited
Statement of Financial Position Continued
Mrs Hayley Smith Director
These financial statements were approved and authorised for issue by the Board on 23 October 2023 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the period ended 31 March 2023
Haze Hair Studio Limited
Notes to the Financial Statements
Statutory Information
Haze Hair Studio Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10451210.
Registered address:
Haze Hair Studio
12-14 Lawnswood Road
Wordsley
Stourbridge
DY8 5PG
The presentation currency is £ sterling.
This is the currency of the primary economic market in which the entity operates (its functional currency). All amounts
in these financial statements have been rounded to the nearest pound unless otherwise stated.
The period covered by these financial statements is 17 months from 1 November 2021 to 31 March 2023. As a result
the comparatives are not entirely comparable as the previous period is for 12 months to 31 October 2021.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer Equipment
25% Reducing balance
Furniture and Fittings
Government grants
Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed asset, if and when all conditions for retaining the tax allowances have been met, are not provided for. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted. 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.
3 of 5
6
For the period ended 31 March 2023
Haze Hair Studio Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 November 2021
2,825
209
2,616
2,761
2,235
526
Additions
At 31 March 2023
3,142
2,444
5,586
Provision for depreciation and impairment
At 01 November 2021
1,489
69
1,420
Charge for period
1,698
1,143
555
At 31 March 2023
3,187
1,212
1,975
At 31 March 2023
Net book value
1,167
1,232
2,399
At 31 October 2021
1,196
140
1,336
3. Inventories
2021
2023
£
£
Stocks
3,000
2,787
4. Trade and other receivables
2021
2023
£
£
Other debtors
2,920
528
5. Trade and other payables: amounts falling due within one year
2021
2023
£
£
Bank loans and overdraft
1,995
1,917
Trade creditors
108
96
Taxation and social security
3,763
2,205
Other creditors
1,317
1,722
7,183
5,940
4 of 5
7
For the period ended 31 March 2023
Haze Hair Studio Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2023
£
£
Bank loans and overdraft
5,320
8,083
The bank loan is a Covid-19 bounce back loan which is backed by a 100% guarantee by the government.
7. Related party transactions
At 31 March 2023 the director owed the company £2,309 (31 October 2021 - company owed the director £95).
Interest was charged at the official rate of 2.00%. The full amount was repaid to the company after the balance sheet
date.
8. Average number of persons employed
During the year the average number of employees was 3 (2021 : 3)
5 of 5