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Registered number: 09832522

Flair Hair Design Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Flair Hair Design Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Hayley Watts
REGISTERED OFFICE
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09832522
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Flair Hair Design Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Flair Hair Design Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,3271,440
CURRENT ASSETS
Stock500500
Debtors5523296
Cash at bank and in hand31,06426,233
32,08727,029
CREDITORS: Amounts falling due within one year618,88313,792
NET CURRENT ASSETS13,20413,237
TOTAL ASSETS LESS CURRENT LIABILITIES14,53114,677
CREDITORS: Amounts falling due after more than one year74,5167,529
PROVISIONS FOR LIABILITIES AND CHARGES9252274
NET ASSETS9,7636,874
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account9,7626,873
SHAREHOLDERS' FUNDS9,7636,874
For the year ending 31/10/2023 the company was entitled to exemption 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 directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/06/2024 and signed on their behalf by
.............................
Hayley Watts
Director

Flair Hair Design Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have not been prepared on the going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Flair Hair Design Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/20221,5001,500
At 31/10/20231,5001,500
Depreciation
At 01/11/20221,5001,500
At 31/10/20231,5001,500
Net Book Amounts
At 31/10/2023--
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/11/202210,95810,958
Additions329329
At 31/10/202311,28711,287
Depreciation
At 01/11/20229,5189,518
For the year442442
At 31/10/20239,9609,960
Net Book Amounts
At 31/10/20231,3271,327
At 31/10/20221,4401,440
4. STOCK 20232022
££
Stock comprises:
Stock500500
500500

Flair Hair Design Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors30628
Prepayments217268
523296
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax4,0603,601
VAT5,5265,132
PAYE control605-
Directors current account1,592849
Bank Loan3,2342,915
Trade creditors2,497-
Pension schemes223194
Accruals1,1461,101
18,88313,792
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr4,5167,529
4,5167,529
8. EMPLOYEES
20232022
No.No.
Average number of employees-6

Flair Hair Design Limited

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation252274
252274
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
11. CONTROLLING PARTY
The company is controlled by Mrs Hayley Watts.