1 August 2022 false No description of principal activity Taxfiler 2023.15 SC539544business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC5395442022-07-31 SC5395442022-08-012023-07-31 SC539544business:AuditExemptWithAccountantsReport2022-08-012023-07-31 SC539544business:FilletedAccounts2022-08-012023-07-31 SC5395442023-07-31 SC539544business:Director12022-08-012023-07-31 SC539544business:RegisteredOffice2022-08-012023-07-31 SC5395442022-07-31 SC539544core:WithinOneYear2023-07-31 SC539544core:WithinOneYear2022-07-31 SC539544core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC539544core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 SC539544core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC539544core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 SC539544core:PreviouslyStatedAmount2023-07-31 SC539544core:PreviouslyStatedAmount2022-07-31 SC539544business:SmallEntities2022-08-012023-07-31 SC539544countries:Scotland2022-08-012023-07-31 SC539544core:FurnitureFittings2022-08-012023-07-31 SC539544core:FurnitureFittings2022-07-31 SC539544core:FurnitureFittings2023-07-31 SC5395442021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC539544 (Scotland)
GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Unaudited accounts for the year ended 31 July 2023
GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Unaudited accounts Contents
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GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Company Information for the year ended 31 July 2023
Director
Gloria Onyekwere
Company Number
SC539544 (Scotland)
Registered Office
278 Gallowgate Glasgow G4 0TX Scotland
Accountants
BB Accounting Solutions Park Lane House 47 Broad Street Glasgow G40 2QW
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GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,558 
1,837 
Current assets
Inventories
21,703 
15,953 
Cash at bank and in hand
7,318 
6,479 
29,021 
22,432 
Creditors: amounts falling due within one year
(41,317)
(37,531)
Net current liabilities
(12,296)
(15,099)
Net liabilities
(10,738)
(13,262)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(10,739)
(13,263)
Shareholders' funds
(10,738)
(13,262)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
Gloria Onyekwere Director Company Registration No. SC539544
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GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GLOW 'N'SHINE HAIR BOUTIQUE LIMITED is a private company, limited by shares, registered in Scotland, registration number SC539544. The registered office is 278 Gallowgate, Glasgow, G4 0TX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2022
3,364 
Additions
60 
At 31 July 2023
3,424 
Depreciation
At 1 August 2022
1,527 
Charge for the year
339 
At 31 July 2023
1,866 
Net book value
At 31 July 2023
1,558 
At 31 July 2022
1,837 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
40,605 
36,879 
Accruals
712 
652 
41,317 
37,531 
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GLOW 'N'SHINE HAIR BOUTIQUE LIMITED Notes to the Accounts for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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