So Glamorous Limited 07261729 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Hairdressing & Beauty Digita Accounts Production Advanced 6.30.9574.0 true 07261729 2022-10-01 2023-09-30 07261729 2023-09-30 07261729 core:RetainedEarningsAccumulatedLosses 2023-09-30 07261729 core:ShareCapital 2023-09-30 07261729 core:CurrentFinancialInstruments 2023-09-30 07261729 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 07261729 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 07261729 core:FurnitureFittingsToolsEquipment 2023-09-30 07261729 core:LandBuildings 2023-09-30 07261729 core:OtherPropertyPlantEquipment 2023-09-30 07261729 bus:SmallEntities 2022-10-01 2023-09-30 07261729 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 07261729 bus:AbridgedAccounts 2022-10-01 2023-09-30 07261729 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 07261729 bus:RegisteredOffice 2022-10-01 2023-09-30 07261729 bus:Director1 2022-10-01 2023-09-30 07261729 bus:Director2 2022-10-01 2023-09-30 07261729 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 07261729 core:FurnitureFittings 2022-10-01 2023-09-30 07261729 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 07261729 core:LandBuildings 2022-10-01 2023-09-30 07261729 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 07261729 core:PlantMachinery 2022-10-01 2023-09-30 07261729 countries:AllCountries 2022-10-01 2023-09-30 07261729 2022-09-30 07261729 core:FurnitureFittingsToolsEquipment 2022-09-30 07261729 core:LandBuildings 2022-09-30 07261729 core:OtherPropertyPlantEquipment 2022-09-30 07261729 2021-10-01 2022-09-30 07261729 2022-09-30 07261729 core:RetainedEarningsAccumulatedLosses 2022-09-30 07261729 core:ShareCapital 2022-09-30 07261729 core:CurrentFinancialInstruments 2022-09-30 07261729 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 07261729 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 07261729 core:FurnitureFittingsToolsEquipment 2022-09-30 07261729 core:LandBuildings 2022-09-30 07261729 core:OtherPropertyPlantEquipment 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 07261729

So Glamorous Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2023

 

So Glamorous Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

So Glamorous Limited

Company Information

Directors

Mrs Limara Hyde

Mrs Cassandra Kelly

Registered office

112-114 Witton Street
Northwich
Cheshire
CW9 5NW

 

So Glamorous Limited

(Registration number: 07261729)
Abridged Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,908

8,737

Current assets

 

Stocks

5

2,000

2,000

Debtors

6

19,175

18,257

Cash at bank and in hand

 

373

931

 

21,548

21,188

Prepayments and accrued income

 

1,139

-

Creditors: Amounts falling due within one year

(16,287)

(18,593)

Net current assets

 

6,400

2,595

Total assets less current liabilities

 

14,308

11,332

Creditors: Amounts falling due after more than one year

(9,067)

(9,350)

Accruals and deferred income

 

(4,800)

(1,770)

Net assets

 

441

212

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

439

210

Shareholders' funds

 

441

212

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

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

So Glamorous Limited

(Registration number: 07261729)
Abridged Balance Sheet as at 30 September 2023

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................
Mrs Cassandra Kelly
Director

 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

1

General information

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

The address of its registered office is:
112-114 Witton Street
Northwich
Cheshire
CW9 5NW
United Kingdom

These financial statements were authorised for issue by the Board on 7 March 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 abridged 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 abridged 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.

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 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.

 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance

Fixtures and fittings

15% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2022

3,210

2,730

16,028

21,968

At 30 September 2023

3,210

2,730

16,028

21,968

Depreciation

At 1 October 2022

-

2,186

11,045

13,231

Charge for the year

-

81

748

829

At 30 September 2023

-

2,267

11,793

14,060

Carrying amount

At 30 September 2023

3,210

463

4,235

7,908

At 30 September 2022

3,210

544

4,983

8,737

Included within the net book value of land and buildings above is £3,210 (2022 - £3,210) in respect of freehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

2,000

2,000

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

8

Related party transactions

 

So Glamorous Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

17,316

37,120

Contributions paid to money purchase schemes

319

564

17,635

37,684