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REGISTERED NUMBER: 03889384 (England and Wales)














Financial Statements for the Year Ended 30 November 2023

for

Identity Hair Salon Limited

Identity Hair Salon Limited (Registered number: 03889384)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Identity Hair Salon Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Miss J M Spooner





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 03889384 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Identity Hair Salon Limited (Registered number: 03889384)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,952 3,481

CURRENT ASSETS
Inventories 5,000 8,500
Debtors 5 8,892 9,921
Cash at bank 2,115 2,164
16,007 20,585
CREDITORS
Amounts falling due within one year 6 12,875 13,701
NET CURRENT ASSETS 3,132 6,884
TOTAL ASSETS LESS CURRENT LIABILITIES 6,084 10,365

CREDITORS
Amounts falling due after more than one
year

7

5,979

9,979
NET ASSETS 105 386

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 104 385
105 386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Identity Hair Salon Limited (Registered number: 03889384)

Statement of Financial Position - continued
30 November 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 director and authorised for issue on 29 July 2024 and were signed by:





Miss J M Spooner - Director


Identity Hair Salon Limited (Registered number: 03889384)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Identity Hair salon 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 6 (2022 - 6 ) .

Identity Hair Salon Limited (Registered number: 03889384)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 5,950 14,543 1,346 21,839
DEPRECIATION
At 1 December 2022 3,706 13,374 1,278 18,358
Charge for year 337 175 17 529
At 30 November 2023 4,043 13,549 1,295 18,887
NET BOOK VALUE
At 30 November 2023 1,907 994 51 2,952
At 30 November 2022 2,244 1,169 68 3,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 8,892 9,921

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 529 1,264
Taxation and social security 7,246 7,437
Other creditors 1,100 1,000
12,875 13,701

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 5,979 9,979

Identity Hair Salon Limited (Registered number: 03889384)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Miss J M Spooner
Balance outstanding at start of year 9,921 14,000
Amounts advanced - 54,300
Amounts repaid (1,029 ) (58,379 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,892 9,921

9. RELATED PARTY DISCLOSURES

The Director, Miss J Spooner, is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Identity Hair Salon Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Identity Hair Salon Limited for the year ended 30 November 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Identity Hair Salon Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Identity Hair Salon Limited and state those matters that we have agreed to state to the director of Identity Hair Salon Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Identity Hair Salon Limited and its director for our work or for this report.

It is your duty to ensure that Identity Hair Salon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Identity Hair Salon Limited. You consider that Identity Hair Salon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Identity Hair Salon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


29 July 2024