Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07797433 Miss Samantha Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07797433 2022-10-31 07797433 2023-10-31 07797433 2022-11-01 2023-10-31 07797433 frs-core:Non-currentFinancialInstruments 2023-10-31 07797433 frs-core:ComputerEquipment 2022-11-01 2023-10-31 07797433 frs-core:FurnitureFittings 2023-10-31 07797433 frs-core:FurnitureFittings 2022-11-01 2023-10-31 07797433 frs-core:FurnitureFittings 2022-10-31 07797433 frs-core:PlantMachinery 2023-10-31 07797433 frs-core:PlantMachinery 2022-11-01 2023-10-31 07797433 frs-core:PlantMachinery 2022-10-31 07797433 frs-core:ShareCapital 2023-10-31 07797433 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07797433 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07797433 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07797433 frs-bus:SmallEntities 2022-11-01 2023-10-31 07797433 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07797433 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07797433 frs-bus:Director1 2022-11-01 2023-10-31 07797433 frs-bus:Director1 2022-10-31 07797433 frs-bus:Director1 2023-10-31 07797433 frs-countries:EnglandWales 2022-11-01 2023-10-31 07797433 2021-10-31 07797433 2022-10-31 07797433 2021-11-01 2022-10-31 07797433 frs-core:Non-currentFinancialInstruments 2022-10-31 07797433 frs-core:ShareCapital 2022-10-31 07797433 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 07797433
Salon Seven Hair & Nails Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
KFH Accounting Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07797433
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,398 2,003
2,398 2,003
CURRENT ASSETS
Stocks 5 463 462
Debtors 19,690 6,827
Cash at bank and in hand 5,552 36,837
25,705 44,126
Creditors: Amounts Falling Due Within One Year (4,621 ) (12,034 )
NET CURRENT ASSETS (LIABILITIES) 21,084 32,092
TOTAL ASSETS LESS CURRENT LIABILITIES 23,482 34,095
Creditors: Amounts Falling Due After More Than One Year 6 (11,167 ) (13,167 )
NET ASSETS 12,315 20,928
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 12,314 20,927
SHAREHOLDERS' FUNDS 12,315 20,928
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Samantha Ellis
Director
26/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Salon Seven Hair & Nails Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07797433 . The registered office is Sugar Hair And Beauty, 9 High Street, Brightlingsea, Essex, CO7 0AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 including Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes minimal revenue earned from the sale of goods, with revenue primarily earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
Turnover from the rendering of services is recognised by completed services - the provision of hair services to consumers.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 years
Fixtures & Fittings 3 years
Computer Equipment 3 years
2.4. Stocks and Work in Progress
The minimal stock held is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Sales, marketing and distribution 7 6
7 6
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 2,137 5,893 8,030
Additions 660 - 660
As at 31 October 2023 2,797 5,893 8,690
Depreciation
As at 1 November 2022 1,459 4,568 6,027
Provided during the period 65 200 265
As at 31 October 2023 1,524 4,768 6,292
Net Book Value
As at 31 October 2023 1,273 1,125 2,398
As at 1 November 2022 678 1,325 2,003
5. Stocks
2023 2022
£ £
Stock 463 462
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,167 13,167
11,167 13,167
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Miss Samantha Ellis 6,827 35,801 22,936 - 19,691
The above loan is unsecured, interest free and repayable on demand.
9. Additonal Notes to the Accounts
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
...CONTINUED
Page 4
Page 5
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
Page 5