HAIR ON THE BROADWAY LTD Filleted Accounts Cover
HAIR ON THE BROADWAY LTD
Company No. 11803440
Information for Filing with The Registrar
28 February 2023
HAIR ON THE BROADWAY LTD Directors Report Registrar
The Director presents his report and the accounts for the year ended 28 February 2023.
Principal activities
The principal activity of the company during the year under review was hairdresser.
Director
The Director who served at any time during the year was as follows:
A. Dodaj
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Dodaj
Director
07 November 2023
HAIR ON THE BROADWAY LTD Balance Sheet Registrar
at
28 February 2023
Company No.
11803440
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
35,00040,000
Tangible assets
5
3,2623,728
38,26243,728
Current assets
Stocks
6
2,4002,000
Cash at bank and in hand
5,18310,220
7,58312,220
Creditors: Amount falling due within one year
7
(2,306)
(1,772)
Net current assets
5,27710,448
Total assets less current liabilities
43,53954,176
Creditors: Amounts falling due after more than one year
8
(20,000)
(40,000)
Net assets
23,53914,176
Capital and reserves
Called up share capital
1010
Profit and loss account
10
23,52914,166
Total equity
23,53914,176
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 07 November 2023
And signed on its behalf by:
A. Dodaj
Director
07 November 2023
HAIR ON THE BROADWAY LTD Notes to the Accounts Registrar
for the year ended 28 February 2023
1
General information
Its registered number is: 11803440
Its registered office is:
24 Veryan Court Park Road
London
England
N8 8JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
33
4
Intangible fixed assets
Other
Total
£
£
Cost
At 1 March 2022
50,00050,000
At 28 February 2023
50,00050,000
Amortisation and impairment
At 1 March 2022
10,00010,000
Charge for the year
5,0005,000
At 28 February 2023
15,00015,000
Net book values
At 28 February 2023
35,00035,000
At 28 February 2022
40,00040,000
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 March 2022
4,6604,660
At 28 February 2023
4,6604,660
Depreciation
At 1 March 2022
932932
Charge for the year
466466
At 28 February 2023
1,3981,398
Net book values
At 28 February 2023
3,2623,262
At 28 February 2022
3,728
3,728
6
Stocks
2023
2022
£
£
Raw materials and consumables
2,4002,000
2,4002,000
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
2,306
1,772
2,3061,772
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Other creditors
20,00040,000
20,00040,000
9
Share Capital
ordinary shares
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
HAIR ON THE BROADWAY LTD1180344028 February 202301 March 2022false07 November 2023BTCSoftware AP Solution 2023 10.3.0110.3.01true118034402022-03-012023-02-28118034402023-02-28118034402022-02-2811803440core:WithinOneYear2023-02-2811803440core:WithinOneYear2022-02-2811803440core:AfterOneYear2023-02-2811803440core:AfterOneYear2022-02-2811803440core:ShareCapital2023-02-2811803440core:ShareCapital2022-02-2811803440core:RetainedEarningsAccumulatedLosses2023-02-2811803440core:RetainedEarningsAccumulatedLosses2022-02-2811803440bus:RegisteredOffice2022-03-012023-02-28118034402021-03-012022-02-2811803440core:OtherResidualIntangibleAssets2022-03-01118034402022-03-0111803440core:OtherResidualIntangibleAssets2023-02-2811803440core:OtherResidualIntangibleAssets2022-03-012023-02-2811803440core:OtherResidualIntangibleAssets2022-02-2811803440core:FurnitureFittingsToolsEquipment2022-03-0111803440core:FurnitureFittingsToolsEquipment2023-02-2811803440core:FurnitureFittingsToolsEquipment2022-03-012023-02-2811803440core:RetainedEarningsAccumulatedLosses2022-03-012023-02-2811803440bus:SmallEntities2022-03-012023-02-2811803440bus:FullAccounts2022-03-012023-02-2811803440bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2811803440bus:Director12022-03-012023-02-2811803440bus:PrivateLimitedCompanyLtd2022-03-012023-02-28iso4217:GBPxbrli:pure