IRIS Accounts Production v23.2.0.158 12013911 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120139112022-05-31120139112023-05-31120139112022-06-012023-05-31120139112021-05-31120139112021-06-012022-05-31120139112022-05-3112013911ns10:Originalns15:EnglandWales2022-06-012023-05-3112013911ns14:PoundSterlingns10:Original2022-06-012023-05-3112013911ns10:Originalns10:Director12022-06-012023-05-3112013911ns10:Original2022-06-012023-05-3112013911ns10:Originalns10:Director22022-06-012023-05-3112013911ns10:Original2023-05-3112013911ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3112013911ns10:Originalns10:SmallEntities2022-06-012023-05-3112013911ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3112013911ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3112013911ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3112013911ns10:Originalns10:FullAccounts2022-06-012023-05-3112013911ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3112013911ns10:Originalns10:RegisteredOffice2022-06-012023-05-3112013911ns10:Original2022-05-3112013911ns10:Originalns5:CurrentFinancialInstruments2023-05-3112013911ns10:Originalns5:CurrentFinancialInstruments2022-05-3112013911ns10:Originalns5:Non-currentFinancialInstruments2023-05-3112013911ns10:Originalns5:Non-currentFinancialInstruments2022-05-3112013911ns5:ShareCapitalns10:Original2023-05-3112013911ns5:ShareCapitalns10:Original2022-05-3112013911ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3112013911ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3112013911ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3112013911ns10:Originalns5:FurnitureFittings2022-06-012023-05-3112013911ns10:Originalns5:ComputerEquipment2022-06-012023-05-3112013911ns10:Original2021-06-012022-05-3112013911ns10:Originalns5:LeaseholdImprovements2022-05-3112013911ns10:Originalns5:FurnitureFittings2022-05-3112013911ns10:Originalns5:ComputerEquipment2022-05-3112013911ns10:Original2022-05-3112013911ns10:Originalns5:LeaseholdImprovements2023-05-3112013911ns10:Originalns5:FurnitureFittings2023-05-3112013911ns10:Originalns5:ComputerEquipment2023-05-3112013911ns10:Originalns5:LeaseholdImprovements2022-05-3112013911ns10:Originalns5:FurnitureFittings2022-05-3112013911ns10:Originalns5:ComputerEquipment2022-05-3112013911ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3112013911ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3112013911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3112013911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3112013911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3112013911ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3112013911ns10:Originalns10:OrdinaryShareClass12023-05-3112013911ns10:Originalns10:Director222022-05-3112013911ns10:Originalns10:Director222021-05-3112013911ns10:Originalns10:Director222022-06-012023-05-3112013911ns10:Originalns10:Director222021-06-012022-05-3112013911ns10:Originalns10:Director222023-05-3112013911ns10:Originalns10:Director222022-05-31
REGISTERED NUMBER: 12013911 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Hairea 51 Ltd

Hairea 51 Ltd (Registered number: 12013911)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hairea 51 Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Miss C E Graham
Mr S G Withers





REGISTERED OFFICE: 31 Heather Close
Branston
Burton-On-Trent
DE14 3FL





REGISTERED NUMBER: 12013911 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Hairea 51 Ltd (Registered number: 12013911)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,830 24,612

CURRENT ASSETS
Stocks 1,554 1,268
Debtors 5 835 252
Cash at bank and in hand 18,695 16,131
21,084 17,651
CREDITORS
Amounts falling due within one year 6 9,684 20,186
NET CURRENT ASSETS/(LIABILITIES) 11,400 (2,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,230

22,077

CREDITORS
Amounts falling due after more than one
year

7

(1,710

)

(2,576

)

PROVISIONS FOR LIABILITIES (205 ) (276 )
NET ASSETS 33,315 19,225

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 33,313 19,223
SHAREHOLDERS' FUNDS 33,315 19,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Hairea 51 Ltd (Registered number: 12013911)

Balance Sheet - continued
31 May 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:




Miss C E Graham - Director



Mr S G Withers - Director


Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Hairea 51 Ltd 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.
Improvements to property - 2% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 20% on cost

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 24,796 4,783 - 29,579
Additions - - 569 569
At 31 May 2023 24,796 4,783 569 30,148
DEPRECIATION
At 1 June 2022 1,289 3,678 - 4,967
Charge for year 496 741 114 1,351
At 31 May 2023 1,785 4,419 114 6,318
NET BOOK VALUE
At 31 May 2023 23,011 364 455 23,830
At 31 May 2022 23,507 1,105 - 24,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 588 -
Prepayments and accrued income - 252
Prepayments 247 -
835 252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 889 889
Trade creditors - 927
Tax 4,681 4,964
Directors' current accounts 2,434 11,546
Accruals and deferred income 1,680 1,860
9,684 20,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 911 911
Bank loans - 2-5 years 799 1,665
1,710 2,576

Hairea 51 Ltd (Registered number: 12013911)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr S G Withers
Balance outstanding at start of year (4,668 ) (7,653 )
Amounts advanced 20,085 17,807
Amounts repaid (14,829 ) (14,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 588 (4,668 )

The director's loan account was repaid within nine months of the year end.