Hair by Alex Salomon Ltd 12767222 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of hairdressing and other beauty treatment Digita Accounts Production Advanced 6.30.9574.0 true 12767222 2022-08-01 2023-07-31 12767222 2023-07-31 12767222 bus:OrdinaryShareClass1 2023-07-31 12767222 core:RetainedEarningsAccumulatedLosses 2023-07-31 12767222 core:ShareCapital 2023-07-31 12767222 core:CurrentFinancialInstruments 2023-07-31 12767222 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12767222 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 12767222 core:FurnitureFittings 2023-07-31 12767222 bus:SmallEntities 2022-08-01 2023-07-31 12767222 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12767222 bus:FullAccounts 2022-08-01 2023-07-31 12767222 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12767222 bus:RegisteredOffice 2022-08-01 2023-07-31 12767222 bus:Director1 2022-08-01 2023-07-31 12767222 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 12767222 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12767222 core:Goodwill 2022-08-01 2023-07-31 12767222 core:FurnitureFittings 2022-08-01 2023-07-31 12767222 countries:AllCountries 2022-08-01 2023-07-31 12767222 2022-07-31 12767222 core:FurnitureFittings 2022-07-31 12767222 2021-08-01 2022-07-31 12767222 2022-07-31 12767222 bus:OrdinaryShareClass1 2022-07-31 12767222 core:RetainedEarningsAccumulatedLosses 2022-07-31 12767222 core:ShareCapital 2022-07-31 12767222 core:CurrentFinancialInstruments 2022-07-31 12767222 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12767222 core:Non-currentFinancialInstruments core:AfterOneYear 2022-07-31 12767222 core:FurnitureFittings 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12767222

Hair by Alex Salomon Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Hair by Alex Salomon Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Hair by Alex Salomon Ltd

Company Information

Director

Miss Alexandra Salomon

Registered office

34a Watling Street
Radlett
WD7 7NN

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Hair by Alex Salomon Ltd

(Registration number: 12767222)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

3

8,400

9,600

Tangible assets

4

6,404

8,059

 

14,804

17,659

Current assets

 

Debtors

-

597

Cash at bank and in hand

 

3,681

42,710

 

3,681

43,307

Creditors: Amounts falling due within one year

(18,321)

(21,129)

Net current (liabilities)/assets

 

(14,640)

22,178

Total assets less current liabilities

 

164

39,837

Creditors: Amounts falling due after more than one year

-

(37,500)

Net assets

 

164

2,337

Capital and reserves

 

Called up share capital

100

100

Retained earnings

64

2,237

Shareholders' funds

 

164

2,337

For the financial 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.

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 her 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 Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 5 February 2024
 

 

Hair by Alex Salomon Ltd

(Registration number: 12767222)
Abridged Balance Sheet as at 31 July 2023

.........................................
Miss Alexandra Salomon
Director

   
     
 

Hair by Alex Salomon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

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.

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:

 

Hair by Alex Salomon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

2

Staff numbers

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

 

Hair by Alex Salomon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

3

Intangible assets

Total
£

Cost or valuation

At 1 August 2022

12,000

At 31 July 2023

12,000

Amortisation

At 1 August 2022

2,400

Amortisation charge

1,200

At 31 July 2023

3,600

Carrying amount

At 31 July 2023

8,400

At 31 July 2022

9,600

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 August 2022

12,508

12,508

Additions

480

480

At 31 July 2023

12,988

12,988

Depreciation

At 1 August 2022

4,449

4,449

Charge for the year

2,135

2,135

At 31 July 2023

6,584

6,584

Carrying amount

At 31 July 2023

6,404

6,404

At 31 July 2022

8,059

8,059

 

Hair by Alex Salomon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100