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REGISTERED NUMBER: 10507717 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Ealing (T) Hairdressing Limited

Ealing (T) Hairdressing Limited (Registered number: 10507717)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ealing (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: F Palagin
A Palagina





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 10507717 (England and Wales)





AUDITORS: JWR Audit Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Ealing (T) Hairdressing Limited (Registered number: 10507717)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,533 291
Tangible assets 5 2,492 2,791
9,025 3,082

CURRENT ASSETS
Stocks 3,754 3,100
Debtors 6 34,594 37,178
Cash at bank and in hand 114,202 91,129
152,550 131,407
CREDITORS
Amounts falling due within one year 7 84,186 75,816
NET CURRENT ASSETS 68,364 55,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,389

58,673

CREDITORS
Amounts falling due after more than one
year

8

19,167

29,167
NET ASSETS 58,222 29,506

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 57,922 29,206
SHAREHOLDERS' FUNDS 58,222 29,506

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 2 June 2024 and were signed on its behalf by:




F Palagin - Director



A Palagina - Director


Ealing (T) Hairdressing Limited (Registered number: 10507717)

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

1. STATUTORY INFORMATION

Ealing (T) Hairdressing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.


Ealing (T) Hairdressing Limited (Registered number: 10507717)

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

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 17 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Costs Cost Totals
£    £    £   
COST
At 1 September 2022 9,450 10,485 19,935
Additions 8,000 - 8,000
At 31 August 2023 17,450 10,485 27,935
AMORTISATION
At 1 September 2022 9,312 10,332 19,644
Amortisation for year 1,605 153 1,758
At 31 August 2023 10,917 10,485 21,402
NET BOOK VALUE
At 31 August 2023 6,533 - 6,533
At 31 August 2022 138 153 291

Ealing (T) Hairdressing Limited (Registered number: 10507717)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 4,845 2,394 7,239
Additions - 594 594
At 31 August 2023 4,845 2,988 7,833
DEPRECIATION
At 1 September 2022 2,391 2,057 4,448
Charge for year 491 402 893
At 31 August 2023 2,882 2,459 5,341
NET BOOK VALUE
At 31 August 2023 1,963 529 2,492
At 31 August 2022 2,454 337 2,791

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts owed by group undertakings 16,317 17,520
Other debtors 18,277 19,658
34,594 37,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,511 5,260
Amounts owed to group undertakings 6,494 1,292
Taxation and social security 27,852 23,478
Other creditors 37,329 35,786
84,186 75,816

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,167 29,167

Ealing (T) Hairdressing Limited (Registered number: 10507717)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 70,000 70,000
Between one and five years 215,600 280,000
In more than five years - 5,600
285,600 355,600

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
300 Ordinary £1 300 300

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

K S Wood (Senior Statutory Auditor)
for and on behalf of JWR Audit Limited

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mascolo Limited..