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REGISTERED NUMBER: 07949762 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Sarai Hair & Beauty Limited

Sarai Hair & Beauty Limited (Registered number: 07949762)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sarai Hair & Beauty Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Morrissey





REGISTERED OFFICE: The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL





REGISTERED NUMBER: 07949762 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Sarai Hair & Beauty Limited (Registered number: 07949762)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,771 14,933
18,771 14,933

CURRENT ASSETS
Stocks 13,582 15,159
Debtors 6 3,247 4,191
Cash at bank 97,413 108,417
114,242 127,767
CREDITORS
Amounts falling due within one year 7 58,810 57,136
NET CURRENT ASSETS 55,432 70,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,203

85,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,103 85,464
SHAREHOLDERS' FUNDS 74,203 85,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 July 2024 and were signed by:




S Morrissey - Director


Sarai Hair & Beauty Limited (Registered number: 07949762)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sarai Hair & Beauty 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2012 is amortised over its estimated useful life of five years. All goodwill has been fully amortised.

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.
Short leasehold - over the unexpired term of the lease
Improvements to property - over the unexpired term of the lease
Fixtures, fittings & equipment - 20% on cost
Integral features - over the unexpired term of the lease

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

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 16 (2023 - 18 ) .

Sarai Hair & Beauty Limited (Registered number: 07949762)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 207,500
AMORTISATION
At 1 May 2023
and 30 April 2024 207,500
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 May 2023 11,507 33,529 107,895
Additions - - 7,903
At 30 April 2024 11,507 33,529 115,798
DEPRECIATION
At 1 May 2023 10,917 30,578 107,895
Charge for year 590 2,848 527
At 30 April 2024 11,507 33,426 108,422
NET BOOK VALUE
At 30 April 2024 - 103 7,376
At 30 April 2023 590 2,951 -

Sarai Hair & Beauty Limited (Registered number: 07949762)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures,
fittings Integral
& equipment features Totals
£    £    £   
COST
At 1 May 2023 21,326 24,553 198,810
Additions 4,205 - 12,108
At 30 April 2024 25,531 24,553 210,918
DEPRECIATION
At 1 May 2023 12,090 22,397 183,877
Charge for year 2,224 2,081 8,270
At 30 April 2024 14,314 24,478 192,147
NET BOOK VALUE
At 30 April 2024 11,217 75 18,771
At 30 April 2023 9,236 2,156 14,933

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 227 1,182
Prepayments and accrued income 3,020 3,009
3,247 4,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 442 180
Corporation tax 10,460 13,859
Social security and other taxes 20,382 19,410
Other creditors 25,676 21,837
Accrued expenses 1,850 1,850
58,810 57,136

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 35,112 23,408
Between one and five years 140,448 -
In more than five years 175,560 -
351,120 23,408