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REGISTERED NUMBER: 04924994 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Hair Essentials (Leeds) Limited

Hair Essentials (Leeds) Limited (Registered number: 04924994)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hair Essentials (Leeds) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Leadbeater
Mrs L C Leadbeater





SECRETARY: P Leadbeater





REGISTERED OFFICE: 75 Moor Valley Country Park
Mill Lane
Hawksworth
Leeds
West Yorkshire
LS20 8PQ





REGISTERED NUMBER: 04924994 (England and Wales)





ACCOUNTANTS: Tasker Accounting Services Limited
Chartered Accountants
3 Feast Field
Horsforth
Leeds
West Yorkshire
LS18 4TJ

Hair Essentials (Leeds) Limited (Registered number: 04924994)

Balance Sheet
31 October 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 2,052
Tangible assets 5 1,531 1,801
1,531 3,853

CURRENT ASSETS
Stocks 832 987
Debtors 6 967 1,547
Cash at bank and in hand 397 643
2,196 3,177
CREDITORS
Amounts falling due within one year 7 2,436 4,260
NET CURRENT LIABILITIES (240 ) (1,083 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,291

2,770

PROVISIONS FOR LIABILITIES 291 342
NET ASSETS 1,000 2,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 900 2,328
1,000 2,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Hair Essentials (Leeds) Limited (Registered number: 04924994)

Balance Sheet - continued
31 October 2023


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 26 July 2024 and were signed on its behalf by:





Mrs L C Leadbeater - Director


Hair Essentials (Leeds) Limited (Registered number: 04924994)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Hair Essentials (Leeds) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 15% on reducing balance

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.


Hair Essentials (Leeds) Limited (Registered number: 04924994)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 November 2022
and 31 October 2023 40,000
Amortisation
At 1 November 2022 37,948
Charge for year 2,052
At 31 October 2023 40,000
Net book value
At 31 October 2023 -
At 31 October 2022 2,052

Hair Essentials (Leeds) Limited (Registered number: 04924994)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
Cost
At 1 November 2022
and 31 October 2023 7,337
Depreciation
At 1 November 2022 5,536
Charge for year 270
At 31 October 2023 5,806
Net book value
At 31 October 2023 1,531
At 31 October 2022 1,801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 967 1,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 44
Trade creditors 331 374
Taxation and social security 414 2,398
Other creditors 1,691 1,444
2,436 4,260

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£ £
P Leadbeater and Mrs L C Leadbeater
Balance outstanding at start of year 609 5,709
Amounts advanced 4,641 2,976
Amounts repaid (5,592 ) (8,076 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (342 ) 609

Hair Essentials (Leeds) Limited (Registered number: 04924994)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L C Leadbeater.