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REGISTERED NUMBER: 10910813 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Glamour Hair And Cosmetics Limited

Glamour Hair And Cosmetics Limited (Registered number: 10910813)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glamour Hair And Cosmetics Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr Z Mahmood
Mrs Y Mahmood





REGISTERED OFFICE: 20 Hancock Road
Birmingham
B8 3AB





REGISTERED NUMBER: 10910813 (England and Wales)






Glamour Hair And Cosmetics Limited (Registered number: 10910813)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks 4 221,594 144,218
Debtors 5 35,000 48,644
Cash at bank and in hand 14,995 42,900
271,589 235,762
CREDITORS
Amounts falling due within one year 6 173,034 162,580
NET CURRENT ASSETS 98,555 73,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,555

73,182

CREDITORS
Amounts falling due after more than one
year

7

18,918

28,844
NET ASSETS 79,637 44,338

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 79,537 44,238
SHAREHOLDERS' FUNDS 79,637 44,338

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

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

Glamour Hair And Cosmetics Limited (Registered number: 10910813)

Balance Sheet - continued
31 August 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 27 August 2024 and were signed on its behalf by:




Mr Z Mahmood - Director



Mrs Y Mahmood - Director


Glamour Hair And Cosmetics Limited (Registered number: 10910813)

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

1. STATUTORY INFORMATION

Glamour Hair And Cosmetics 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.

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.

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 6 (2022 - 5 ) .

4. STOCKS
31.8.23 31.8.22
£    £   
Stocks 221,594 144,218

Glamour Hair And Cosmetics Limited (Registered number: 10910813)

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

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Other debtors - 1,144

Amounts falling due after more than one year:
Amounts owed by associates 35,000 47,500

Aggregate amounts 35,000 48,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 8) 11,019 11,019
Supplier control account 75,077 76,872
Tax 9,602 6,513
Social security and other taxes 392 158
VAT 906 2,825
Other creditors 2,607 -
Directors' current accounts 71,118 59,894
Accrued expenses 2,313 5,299
173,034 162,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 8) 18,918 28,844

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,918 28,844

8. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,019 11,019

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,918 28,844

Glamour Hair And Cosmetics Limited (Registered number: 10910813)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary shares 1 100 100

Mr Zahid Mahmood holds 100 Ordinary Shares.

10. RESERVES
Retained
earnings
£   

At 1 September 2022 44,238
Profit for the year 37,299
Dividends (2,000 )
At 31 August 2023 79,537

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Z Mahmood.

The control of the company is exercised by Mr Zahid Mahmood by virtue of Shareholdings.