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REGISTERED NUMBER: SC381076 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Sine Hair & Beauty Salon Ltd

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sine Hair & Beauty Salon Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M Akhter





REGISTERED OFFICE: 3 Graham Drive
Milngavie
Glasgow
G62 7DY





REGISTERED NUMBER: SC381076 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,226 5,346

CURRENT ASSETS
Stocks 5 148,932 194,543
Debtors 6 31 3,124
Cash in hand 7,240 9,679
156,203 207,346
CREDITORS
Amounts falling due within one year 7 147,771 152,098
NET CURRENT ASSETS 8,432 55,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,658

60,594

CREDITORS
Amounts falling due after more than one
year

8

17,500

23,500
NET ASSETS 2,158 37,094

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 2,058 36,994
SHAREHOLDERS' FUNDS 2,158 37,094

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

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

The director acknowledges his 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.

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Balance Sheet - continued
30 June 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 2 November 2023 and were signed by:





M Akhter - Director


Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Sine Hair & Beauty Salon Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 11,706 2,847 14,553
Additions 7,113 749 7,862
At 30 June 2023 18,819 3,596 22,415
DEPRECIATION
At 1 July 2022 7,781 1,426 9,207
Charge for year 1,656 326 1,982
At 30 June 2023 9,437 1,752 11,189
NET BOOK VALUE
At 30 June 2023 9,382 1,844 11,226
At 30 June 2022 3,925 1,421 5,346

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. STOCKS
30.6.23 30.6.22
£    £   
Stocks 148,932 194,543

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
VAT 31 3,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 15,783 17,662
Trade creditors 107,651 102,897
Tax - 3,959
Social security and other taxes 1,550 7,108
Inter Company Areej Beauty 899 -
Directors' current accounts - 69
Accrued expenses 21,888 20,403
147,771 152,098

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 2-5 years 17,500 23,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100