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REGISTERED NUMBER: 07198345 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HAIR BY ALAATTIN LIMITED

HAIR BY ALAATTIN LIMITED (REGISTERED NUMBER: 07198345)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HAIR BY ALAATTIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Gurarslan
H J Cullerton
C C Gurarslan





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA





REGISTERED NUMBER: 07198345 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

HAIR BY ALAATTIN LIMITED (REGISTERED NUMBER: 07198345)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,573 4,752

CURRENT ASSETS
Stocks 7,450 3,410
Debtors 5 5,799 5,724
Cash at bank and in hand 70,149 58,988
83,398 68,122
CREDITORS
Amounts falling due within one year 6 80,127 72,628
NET CURRENT ASSETS/(LIABILITIES) 3,271 (4,506 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,844

246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 6,744 146
SHAREHOLDERS' FUNDS 6,844 246

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.

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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





A Gurarslan - Director


HAIR BY ALAATTIN LIMITED (REGISTERED NUMBER: 07198345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hair by Alaattin 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
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 4 (2022 - 4 ) .

HAIR BY ALAATTIN LIMITED (REGISTERED NUMBER: 07198345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Office
& equipment equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 18,318 4,237 22,555
DEPRECIATION
At 1 January 2023 13,851 3,952 17,803
Charge for year 894 285 1,179
At 31 December 2023 14,745 4,237 18,982
NET BOOK VALUE
At 31 December 2023 3,573 - 3,573
At 31 December 2022 4,467 285 4,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 5,799 5,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 142
Trade creditors 5,233 1,786
Tax 17,780 13,638
Social security and other taxes 848 589
VAT 12,059 12,098
Other creditors 1,053 985
Director's current account 40,854 41,190
Accrued expenses 2,300 2,200
80,127 72,628

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,000 20,500
Between one and five years 88,000 87,375
In more than five years 9,167 44,000
119,167 151,875

HAIR BY ALAATTIN LIMITED (REGISTERED NUMBER: 07198345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 146
Profit for the year 64,598
Dividends (58,000 )
At 31 December 2023 6,744