Silverfin false 30/04/2023 01/05/2022 30/04/2023 Ms H Pope 21/06/2017 Miss L G Pope 25/07/2011 Mr M Pope 15/12/2022 17 November 2023 The principal activity of the company during the financial year was sale of hair products. 06203053 2023-04-30 06203053 bus:Director1 2023-04-30 06203053 bus:Director2 2023-04-30 06203053 bus:Director3 2023-04-30 06203053 2022-04-30 06203053 core:CurrentFinancialInstruments 2023-04-30 06203053 core:CurrentFinancialInstruments 2022-04-30 06203053 core:Non-currentFinancialInstruments 2023-04-30 06203053 core:Non-currentFinancialInstruments 2022-04-30 06203053 core:ShareCapital 2023-04-30 06203053 core:ShareCapital 2022-04-30 06203053 core:RetainedEarningsAccumulatedLosses 2023-04-30 06203053 core:RetainedEarningsAccumulatedLosses 2022-04-30 06203053 core:PatentsTrademarksLicencesConcessionsSimilar 2022-04-30 06203053 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 06203053 core:PlantMachinery 2022-04-30 06203053 core:PlantMachinery 2023-04-30 06203053 core:CostValuation 2022-04-30 06203053 core:CostValuation 2023-04-30 06203053 bus:OrdinaryShareClass1 2023-04-30 06203053 bus:OrdinaryShareClass2 2023-04-30 06203053 bus:OrdinaryShareClass3 2023-04-30 06203053 bus:OrdinaryShareClass4 2023-04-30 06203053 2022-05-01 2023-04-30 06203053 bus:FullAccounts 2022-05-01 2023-04-30 06203053 bus:SmallEntities 2022-05-01 2023-04-30 06203053 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 06203053 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 06203053 bus:Director1 2022-05-01 2023-04-30 06203053 bus:Director2 2022-05-01 2023-04-30 06203053 bus:Director3 2022-05-01 2023-04-30 06203053 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2022-05-01 2023-04-30 06203053 core:PlantMachinery core:TopRangeValue 2022-05-01 2023-04-30 06203053 2021-05-01 2022-04-30 06203053 core:PlantMachinery 2022-05-01 2023-04-30 06203053 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 06203053 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 06203053 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 06203053 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 06203053 bus:OrdinaryShareClass2 2021-05-01 2022-04-30 06203053 bus:OrdinaryShareClass3 2022-05-01 2023-04-30 06203053 bus:OrdinaryShareClass3 2021-05-01 2022-04-30 06203053 bus:OrdinaryShareClass4 2022-05-01 2023-04-30 06203053 bus:OrdinaryShareClass4 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06203053 (England and Wales)

HAIR REHAB LONDON LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

HAIR REHAB LONDON LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

HAIR REHAB LONDON LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
HAIR REHAB LONDON LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTORS Ms H Pope
Miss L G Pope
Mr M Pope
REGISTERED OFFICE 181 Queensway
Torquay
TQ2 6DE
England
United Kingdom
COMPANY NUMBER 06203053 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
HAIR REHAB LONDON LIMITED

BALANCE SHEET

As at 30 April 2023
HAIR REHAB LONDON LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 1,112 2,077
Investments 5 100 100
1,212 2,177
Current assets
Stocks 124,755 118,747
Debtors 6 1,695 1,729
Cash at bank and in hand 50,633 139,166
177,083 259,642
Creditors: amounts falling due within one year 7 ( 74,490) ( 147,244)
Net current assets 102,593 112,398
Total assets less current liabilities 103,805 114,575
Creditors: amounts falling due after more than one year 8 ( 24,398) ( 31,667)
Net assets 79,407 82,908
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 79,307 82,808
Total shareholders' funds 79,407 82,908

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Hair Rehab London Limited (registered number: 06203053) were approved and authorised for issue by the Board of Directors on 17 November 2023. They were signed on its behalf by:

Ms H Pope
Director
HAIR REHAB LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
HAIR REHAB LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hair Rehab London Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 181 Queensway, Torquay, TQ2 6DE, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 3 years straight line

Some assets included in Plant and machinery are depreciated on 15% reducing balance basis.

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 8

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 May 2022 7,368 7,368
At 30 April 2023 7,368 7,368
Accumulated amortisation
At 01 May 2022 7,368 7,368
At 30 April 2023 7,368 7,368
Net book value
At 30 April 2023 0 0
At 30 April 2022 0 0

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 May 2022 12,263 12,263
At 30 April 2023 12,263 12,263
Accumulated depreciation
At 01 May 2022 10,186 10,186
Charge for the financial year 965 965
At 30 April 2023 11,151 11,151
Net book value
At 30 April 2023 1,112 1,112
At 30 April 2022 2,077 2,077

5. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 May 2022 100
At 30 April 2023 100
Carrying value at 30 April 2023 100
Carrying value at 30 April 2022 100

6. Debtors

2023 2022
£ £
Other debtors 1,695 1,729

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,071 10,000
Trade creditors 20,999 22,567
Taxation and social security 13,101 44,646
Other creditors 31,319 70,031
74,490 147,244

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 24,398 31,667

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
24 Ordinary B shares of £ 1.00 each 24 24
13 Ordinary C shares of £ 1.00 each 13 13
13 Ordinary D shares of £ 1.00 each 13 13
100 100