2023-04-012024-03-312024-03-31false09522329RK HAIR SOLUTIONS LTD2024-07-18iso4217:GBPxbrli:pure095223292023-04-01095223292024-03-31095223292023-04-012024-03-31095223292022-04-01095223292023-03-31095223292022-04-012023-03-3109522329bus:SmallEntities2023-04-012024-03-3109522329bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3109522329bus:AbridgedAccounts2023-04-012024-03-3109522329bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109522329core:WithinOneYear2024-03-3109522329core:AfterOneYear2024-03-3109522329core:WithinOneYear2023-03-3109522329core:AfterOneYear2023-03-3109522329core:ShareCapital2024-03-3109522329core:SharePremium2024-03-3109522329core:RevaluationReserve2024-03-3109522329core:OtherReservesSubtotal2024-03-3109522329core:RetainedEarningsAccumulatedLosses2024-03-3109522329core:ShareCapital2023-03-3109522329core:SharePremium2023-03-3109522329core:RevaluationReserve2023-03-3109522329core:OtherReservesSubtotal2023-03-3109522329core:RetainedEarningsAccumulatedLosses2023-03-3109522329core:LandBuildings2024-03-3109522329core:PlantMachinery2024-03-3109522329core:Vehicles2024-03-3109522329core:FurnitureFittings2024-03-3109522329core:OfficeEquipment2024-03-3109522329core:NetGoodwill2024-03-3109522329core:IntangibleAssetsOtherThanGoodwill2024-03-3109522329core:ListedExchangeTraded2024-03-3109522329core:UnlistedNon-exchangeTraded2024-03-3109522329core:LandBuildings2023-03-3109522329core:PlantMachinery2023-03-3109522329core:Vehicles2023-03-3109522329core:FurnitureFittings2023-03-3109522329core:OfficeEquipment2023-03-3109522329core:NetGoodwill2023-03-3109522329core:IntangibleAssetsOtherThanGoodwill2023-03-3109522329core:ListedExchangeTraded2023-03-3109522329core:UnlistedNon-exchangeTraded2023-03-3109522329core:LandBuildings2023-04-012024-03-3109522329core:PlantMachinery2023-04-012024-03-3109522329core:Vehicles2023-04-012024-03-3109522329core:FurnitureFittings2023-04-012024-03-3109522329core:OfficeEquipment2023-04-012024-03-3109522329core:NetGoodwill2023-04-012024-03-3109522329core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109522329core:ListedExchangeTraded2023-04-012024-03-3109522329core:UnlistedNon-exchangeTraded2023-04-012024-03-3109522329core:MoreThanFiveYears2023-04-012024-03-3109522329core:Non-currentFinancialInstruments2024-03-3109522329core:Non-currentFinancialInstruments2023-03-3109522329dpl:CostSales2023-04-012024-03-3109522329dpl:DistributionCosts2023-04-012024-03-3109522329core:LandBuildings2023-04-012024-03-3109522329core:PlantMachinery2023-04-012024-03-3109522329core:Vehicles2023-04-012024-03-3109522329core:FurnitureFittings2023-04-012024-03-3109522329core:OfficeEquipment2023-04-012024-03-3109522329dpl:AdministrativeExpenses2023-04-012024-03-3109522329core:NetGoodwill2023-04-012024-03-3109522329core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3109522329dpl:GroupUndertakings2023-04-012024-03-3109522329dpl:ParticipatingInterests2023-04-012024-03-3109522329dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3109522329core:ListedExchangeTraded2023-04-012024-03-3109522329dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3109522329core:UnlistedNon-exchangeTraded2023-04-012024-03-3109522329dpl:CostSales2022-04-012023-03-3109522329dpl:DistributionCosts2022-04-012023-03-3109522329core:LandBuildings2022-04-012023-03-3109522329core:PlantMachinery2022-04-012023-03-3109522329core:Vehicles2022-04-012023-03-3109522329core:FurnitureFittings2022-04-012023-03-3109522329core:OfficeEquipment2022-04-012023-03-3109522329dpl:AdministrativeExpenses2022-04-012023-03-3109522329core:NetGoodwill2022-04-012023-03-3109522329core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3109522329dpl:GroupUndertakings2022-04-012023-03-3109522329dpl:ParticipatingInterests2022-04-012023-03-3109522329dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3109522329core:ListedExchangeTraded2022-04-012023-03-3109522329dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3109522329core:UnlistedNon-exchangeTraded2022-04-012023-03-3109522329core:NetGoodwill2024-03-3109522329core:IntangibleAssetsOtherThanGoodwill2024-03-3109522329core:LandBuildings2024-03-3109522329core:PlantMachinery2024-03-3109522329core:Vehicles2024-03-3109522329core:FurnitureFittings2024-03-3109522329core:OfficeEquipment2024-03-3109522329core:AfterOneYear2024-03-3109522329core:WithinOneYear2024-03-3109522329core:ListedExchangeTraded2024-03-3109522329core:UnlistedNon-exchangeTraded2024-03-3109522329core:ShareCapital2024-03-3109522329core:SharePremium2024-03-3109522329core:RevaluationReserve2024-03-3109522329core:OtherReservesSubtotal2024-03-3109522329core:RetainedEarningsAccumulatedLosses2024-03-3109522329core:NetGoodwill2023-03-3109522329core:IntangibleAssetsOtherThanGoodwill2023-03-3109522329core:LandBuildings2023-03-3109522329core:PlantMachinery2023-03-3109522329core:Vehicles2023-03-3109522329core:FurnitureFittings2023-03-3109522329core:OfficeEquipment2023-03-3109522329core:AfterOneYear2023-03-3109522329core:WithinOneYear2023-03-3109522329core:ListedExchangeTraded2023-03-3109522329core:UnlistedNon-exchangeTraded2023-03-3109522329core:ShareCapital2023-03-3109522329core:SharePremium2023-03-3109522329core:RevaluationReserve2023-03-3109522329core:OtherReservesSubtotal2023-03-3109522329core:RetainedEarningsAccumulatedLosses2023-03-3109522329core:NetGoodwill2022-04-0109522329core:IntangibleAssetsOtherThanGoodwill2022-04-0109522329core:LandBuildings2022-04-0109522329core:PlantMachinery2022-04-0109522329core:Vehicles2022-04-0109522329core:FurnitureFittings2022-04-0109522329core:OfficeEquipment2022-04-0109522329core:AfterOneYear2022-04-0109522329core:WithinOneYear2022-04-0109522329core:ListedExchangeTraded2022-04-0109522329core:UnlistedNon-exchangeTraded2022-04-0109522329core:ShareCapital2022-04-0109522329core:SharePremium2022-04-0109522329core:RevaluationReserve2022-04-0109522329core:OtherReservesSubtotal2022-04-0109522329core:RetainedEarningsAccumulatedLosses2022-04-0109522329core:AfterOneYear2023-04-012024-03-3109522329core:WithinOneYear2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3109522329core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3109522329core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3109522329core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3109522329core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3109522329core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3109522329bus:Director12023-04-012024-03-31

RK HAIR SOLUTIONS LTD

Registered Number
09522329
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

RK HAIR SOLUTIONS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

TARRANT-HARDING, Kelly

Registered Address

35 Appleby Drive Appleby Drive
Botley
Southampton
SO32 2GE

Registered Number

09522329 (England and Wales)
RK HAIR SOLUTIONS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets43,9544,225
Investments3,4116,153
7,36510,378
Current assets
Stocks3,1003,100
Debtors2,4802,570
Cash at bank and on hand10,67813,657
16,25819,327
Creditors amounts falling due within one year(11,997)(19,136)
Net current assets (liabilities)4,261191
Total assets less current liabilities11,62610,569
Creditors amounts falling due after one year(10,526)(15,569)
Net assets1,100(5,000)
Capital and reserves
Called up share capital11
Profit and loss account1,099(5,001)
Shareholders' funds1,100(5,000)
The financial statements were approved and authorised for issue by the Director on 18 July 2024, and are signed on its behalf by:
TARRANT-HARDING, Kelly
Director
Registered Company No. 09522329
RK HAIR SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year46
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2311,000
At 31 March 2411,000
Amortisation and impairment
At 01 April 2311,000
At 31 March 2411,000
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 236,258
At 31 March 246,258
Depreciation and impairment
At 01 April 232,033
Charge for year271
At 31 March 242,304
Net book value
At 31 March 243,954
At 31 March 234,225