The HairLoss Shop Ltd 13815797 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is sale of hair loss products Digita Accounts Production Advanced 6.30.9574.0 true true 13815797 2022-11-01 2023-10-31 13815797 2023-10-31 13815797 core:CurrentFinancialInstruments 2023-10-31 13815797 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 13815797 bus:SmallEntities 2022-11-01 2023-10-31 13815797 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 13815797 bus:FullAccounts 2022-11-01 2023-10-31 13815797 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13815797 bus:RegisteredOffice 2022-11-01 2023-10-31 13815797 bus:Director1 2022-11-01 2023-10-31 13815797 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13815797 countries:England 2022-11-01 2023-10-31 13815797 2021-12-23 2022-10-31 13815797 2022-10-31 13815797 core:CurrentFinancialInstruments 2022-10-31 13815797 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 13815797

The HairLoss Shop Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

The HairLoss Shop Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

The HairLoss Shop Ltd

Company Information

Director

CM Henton

Registered office

The Hairloss Shop Limited
Victoria Court 91 Huddersfield Road
Huddersfield
West Yorkshire
HD9 3JA

 

The HairLoss Shop Ltd

(Registration number: 13815797)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

4,000

-

Debtors

5

718

1,556

Cash at bank and in hand

 

120,632

39,490

 

125,350

41,046

Creditors: Amounts falling due within one year

6

(49,476)

(53,881)

Net assets/(liabilities)

 

75,874

(12,835)

Capital and reserves

 

Called up share capital

100

1

Retained earnings

75,774

(12,836)

Shareholders' funds/(deficit)

 

75,874

(12,835)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 February 2024
 

.........................................
CM Henton
Director

 

The HairLoss Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Hairloss Shop Limited
Victoria Court 91 Huddersfield Road
Huddersfield
West Yorkshire
HD9 3JA

These financial statements were authorised for issue by the director on 1 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The HairLoss Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 0).

4

Stocks

2023
£

2022
£

Other inventories

4,000

-

5

Debtors

Current

2023
£

2022
£

Trade debtors

619

-

Other debtors

99

1,556

 

718

1,556

 

The HairLoss Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

4,409

3,132

Taxation and social security

34,973

-

Accruals and deferred income

1,050

750

Other creditors

9,044

49,999

49,476

53,881