2022-04-012023-03-312023-03-31false07507752PAUL GEORGE HAIR LTD2023-10-3096020iso4217:GBPxbrli:pure075077522022-04-01075077522023-03-31075077522022-04-012023-03-31075077522021-04-01075077522022-03-31075077522021-04-012022-03-3107507752bus:SmallEntities2022-04-012023-03-3107507752bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3107507752bus:FullAccounts2022-04-012023-03-3107507752bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107507752core:WithinOneYear2023-03-3107507752core:AfterOneYear2023-03-3107507752core:WithinOneYear2022-03-3107507752core:AfterOneYear2022-03-310750775212022-04-012023-03-3107507752core:ShareCapital2023-03-3107507752core:SharePremium2023-03-3107507752core:RevaluationReserve2023-03-3107507752core:OtherReservesSubtotal2023-03-3107507752core:RetainedEarningsAccumulatedLosses2023-03-3107507752core:ShareCapital2022-03-3107507752core:SharePremium2022-03-3107507752core:RevaluationReserve2022-03-3107507752core:OtherReservesSubtotal2022-03-3107507752core:RetainedEarningsAccumulatedLosses2022-03-3107507752core:LandBuildings2023-03-3107507752core:PlantMachinery2023-03-3107507752core:Vehicles2023-03-3107507752core:FurnitureFittings2023-03-3107507752core:OfficeEquipment2023-03-3107507752core:NetGoodwill2023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-03-3107507752core:ListedExchangeTraded2023-03-3107507752core:UnlistedNon-exchangeTraded2023-03-3107507752core:LandBuildings2022-03-3107507752core:PlantMachinery2022-03-3107507752core:Vehicles2022-03-3107507752core:FurnitureFittings2022-03-3107507752core:OfficeEquipment2022-03-3107507752core:NetGoodwill2022-03-3107507752core:IntangibleAssetsOtherThanGoodwill2022-03-3107507752core:ListedExchangeTraded2022-03-3107507752core:UnlistedNon-exchangeTraded2022-03-3107507752core:LandBuildings2022-04-012023-03-3107507752core:PlantMachinery2022-04-012023-03-3107507752core:Vehicles2022-04-012023-03-3107507752core:FurnitureFittings2022-04-012023-03-3107507752core:OfficeEquipment2022-04-012023-03-3107507752core:NetGoodwill2022-04-012023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107507752core:ListedExchangeTraded2022-04-012023-03-3107507752core:UnlistedNon-exchangeTraded2022-04-012023-03-3107507752core:MoreThanFiveYears2022-04-012023-03-3107507752core:Non-currentFinancialInstruments2023-03-3107507752core:Non-currentFinancialInstruments2022-03-3107507752dpl:CostSales2022-04-012023-03-3107507752dpl:DistributionCosts2022-04-012023-03-3107507752core:LandBuildings2022-04-012023-03-3107507752core:PlantMachinery2022-04-012023-03-3107507752core:Vehicles2022-04-012023-03-3107507752core:FurnitureFittings2022-04-012023-03-3107507752core:OfficeEquipment2022-04-012023-03-3107507752dpl:AdministrativeExpenses2022-04-012023-03-3107507752core:NetGoodwill2022-04-012023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107507752dpl:GroupUndertakings2022-04-012023-03-3107507752dpl:ParticipatingInterests2022-04-012023-03-3107507752dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107507752core:ListedExchangeTraded2022-04-012023-03-3107507752dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107507752core:UnlistedNon-exchangeTraded2022-04-012023-03-3107507752dpl:CostSales2021-04-012022-03-3107507752dpl:DistributionCosts2021-04-012022-03-3107507752core:LandBuildings2021-04-012022-03-3107507752core:PlantMachinery2021-04-012022-03-3107507752core:Vehicles2021-04-012022-03-3107507752core:FurnitureFittings2021-04-012022-03-3107507752core:OfficeEquipment2021-04-012022-03-3107507752dpl:AdministrativeExpenses2021-04-012022-03-3107507752core:NetGoodwill2021-04-012022-03-3107507752core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3107507752dpl:GroupUndertakings2021-04-012022-03-3107507752dpl:ParticipatingInterests2021-04-012022-03-3107507752dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3107507752core:ListedExchangeTraded2021-04-012022-03-3107507752dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3107507752core:UnlistedNon-exchangeTraded2021-04-012022-03-3107507752core:NetGoodwill2023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-03-3107507752core:LandBuildings2023-03-3107507752core:PlantMachinery2023-03-3107507752core:Vehicles2023-03-3107507752core:FurnitureFittings2023-03-3107507752core:OfficeEquipment2023-03-3107507752core:AfterOneYear2023-03-3107507752core:WithinOneYear2023-03-3107507752core:ListedExchangeTraded2023-03-3107507752core:UnlistedNon-exchangeTraded2023-03-3107507752core:ShareCapital2023-03-3107507752core:SharePremium2023-03-3107507752core:RevaluationReserve2023-03-3107507752core:OtherReservesSubtotal2023-03-3107507752core:RetainedEarningsAccumulatedLosses2023-03-3107507752core:NetGoodwill2022-03-3107507752core:IntangibleAssetsOtherThanGoodwill2022-03-3107507752core:LandBuildings2022-03-3107507752core:PlantMachinery2022-03-3107507752core:Vehicles2022-03-3107507752core:FurnitureFittings2022-03-3107507752core:OfficeEquipment2022-03-3107507752core:AfterOneYear2022-03-3107507752core:WithinOneYear202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PAUL GEORGE HAIR LTD

(formerly PAUL GEORGE HAIR & BEAUTY LTD)

Registered Number
07507752
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

PAUL GEORGE HAIR LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

P J Mcinery
A S Young

Registered Address

179 Park Lane
Poynton
SK12 1RH

Registered Number

07507752 (England and Wales)
PAUL GEORGE HAIR LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets75,4306,088
Tangible assets86,3347,452
11,76413,540
Current assets
Stocks92,7002,200
Debtors1,2531,078
Cash at bank and on hand64,39357,922
68,34661,200
Creditors amounts falling due within one year11(58,307)(60,528)
Net current assets (liabilities)10,039672
Total assets less current liabilities21,80314,212
Provisions for liabilities12(1,724)(2,045)
Net assets20,07912,167
Capital and reserves
Called up share capital100100
Profit and loss account19,97912,067
Shareholders' funds20,07912,167
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2023, and are signed on its behalf by:
P J Mcinery
Director
Registered Company No. 07507752
PAUL GEORGE HAIR LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Intangible assets policy
Intangible assets that are acquired by the company are stated at cost less accumulated amortisation, and less accumulated impairment losses. The company assesses at each reporting date whether the intangible fixed assets are impaired. Amortisation is charged to the profit and loss on a straight-line basis over the estimated useful lives of the intangible asset. The estimated useful lives are as follows: Leasehold improvements 10 years
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Critical estimates and judgements
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
6.Employee information

20232022
Average number of employees during the year34
7.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 226,5826,582
At 31 March 236,5826,582
Amortisation and impairment
At 01 April 22494494
Charge for year658658
At 31 March 231,1521,152
Net book value
At 31 March 235,4305,430
At 31 March 226,0886,088
8.Property, plant and equipment

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 2214,35714,357
At 31 March 2314,35714,357
Depreciation and impairment
At 01 April 226,9056,905
Charge for year1,1181,118
At 31 March 238,0238,023
Net book value
At 31 March 236,3346,334
At 31 March 227,4527,452
9.Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2023

2022

££
Raw materials and consumables2,7002,200
Total2,7002,200
10.Debtors within one year

2023

2022

££
Trade debtors / trade receivables588534
Other debtors665544
Total1,2531,078
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables743-
Taxation and social security21,98012,909
Other creditors35,58447,619
Total58,30760,528
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2023

2022

££
Net deferred tax liability (asset)1,7242,045
Total1,7242,045