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REGISTERED NUMBER: 08452460 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

BLUE HAIR SALON LTD

BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE HAIR SALON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2023







DIRECTOR: C Thomson





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 08452460 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,000 37,500
Tangible assets 5 5,403 8,466
55,403 45,966

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 6 22,487 50,735
Cash at bank and in hand 38,691 33,381
69,178 92,116
CREDITORS
Amounts falling due within one year 7 79,093 73,088
NET CURRENT (LIABILITIES)/ASSETS (9,915 ) 19,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,488

64,994

CREDITORS
Amounts falling due after more than one
year

8

(44,014

)

(62,795

)

PROVISIONS FOR LIABILITIES (659 ) (1,543 )
NET ASSETS 815 656

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 715 556
SHAREHOLDERS' FUNDS 815 656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

BALANCE SHEET - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2023 and were signed by:





C Thomson - Director


BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2023


1. STATUTORY INFORMATION

Blue Hair Salon 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 represents net invoiced sales of hairdressing services and products, excluding value added tax.

Goodwill
The director has considered the current value of goodwill. The value of the 50% share buy back in 2022 and the 2023 results the goodwill has been assessed at £50,000. The excess goodwill amortisation has therefore been adjusted.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 125,000
AMORTISATION
At 1 May 2022 87,500
Amortisation for year (12,500 )
At 30 April 2023 75,000
NET BOOK VALUE
At 30 April 2023 50,000
At 30 April 2022 37,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 32,962 8,134 1 41,097
Additions - 506 - 506
At 30 April 2023 32,962 8,640 1 41,603
DEPRECIATION
At 1 May 2022 28,017 4,614 - 32,631
Charge for year 3,296 273 - 3,569
At 30 April 2023 31,313 4,887 - 36,200
NET BOOK VALUE
At 30 April 2023 1,649 3,753 1 5,403
At 30 April 2022 4,945 3,520 1 8,466

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,578 2,946
Other debtors 17,909 47,789
22,487 50,735

BLUE HAIR SALON LTD (REGISTERED NUMBER: 08452460)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,446 22,446
Trade creditors 5,718 9,969
Taxation and social security 30,112 30,444
Other creditors 20,817 10,229
79,093 73,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,014 62,795

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
C Thomson
Balance outstanding at start of year 44,073 -
Amounts advanced - 44,073
Amounts repaid (35,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,073 44,073