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REGISTERED NUMBER: 04909391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Images Hair Limited

Images Hair Limited (Registered number: 04909391)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Images Hair Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P Jamieson
Mrs L Jamieson





SECRETARY: Mr P Jamieson





REGISTERED OFFICE: 57-59 Dale Street
Milnrow
Rochdale
Lancashire
OL16 3NJ





REGISTERED NUMBER: 04909391 (England and Wales)





ACCOUNTANTS: N J Grindrod & Co Limited
First Floor
Sovereign House
Barehill Street
Littleborough
Lancashire
OL15 9BL

Images Hair Limited (Registered number: 04909391)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 6,717 7,902
6,717 7,902

CURRENT ASSETS
Inventories 3,790 3,736
Debtors 2,721 2,530
Cash at bank and in hand 61 51
6,572 6,317
CREDITORS
Amounts falling due within one year 21,992 22,229
NET CURRENT LIABILITIES (15,420 ) (15,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,703

)

(8,010

)

CREDITORS
Amounts falling due after more than one
year

3,323

5,025
NET LIABILITIES (12,026 ) (13,035 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,028 ) (13,037 )
SHAREHOLDERS' FUNDS (12,026 ) (13,035 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Images Hair Limited (Registered number: 04909391)

Abridged Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




Mr P Jamieson - Director



Mrs L Jamieson - Director


Images Hair Limited (Registered number: 04909391)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Images Hair Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Fixtures and fittings - 15% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Images Hair Limited (Registered number: 04909391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 11,000
AMORTISATION
At 1 January 2023
and 31 December 2023 11,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

Images Hair Limited (Registered number: 04909391)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2023
and 31 December 2023 25,320
DEPRECIATION
At 1 January 2023 17,418
Charge for year 1,185
At 31 December 2023 18,603
NET BOOK VALUE
At 31 December 2023 6,717
At 31 December 2022 7,902

6. ULTIMATE CONTROLLING PARTY

The directors are the company's ultimate controlling parties.