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REGISTERED NUMBER: 07451678 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

H.A.L. HAIR LIMITED

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


H.A.L. HAIR LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Miss A L Nicol
Mrs L Fitzmaurice





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





BUSINESS ADDRESS: 51 Station Road
Cheadle Hulme
Stockport
SK8 7AA





REGISTERED NUMBER: 07451678 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

REPORT OF THE DIRECTORS
for the Year Ended 30 November 2023

The directors present their report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of hair stylist services, salon and beauty space for other service providers.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 December 2022 to the date of this report.

The beneficial interests of the directors holding office at 30 November 2023 in the shares of the company, according to the register of directors' interests, were as follows:

30.11.23 1.12.22
Ordinary shares of £1.00 each
Miss A L Nicol 1 1
Mrs L Fitzmaurice 1 1

These directors did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs L Fitzmaurice - Director


29 August 2024

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 925 1,234

CURRENT ASSETS
Inventories 3,240 3,565
Debtors 5 - 11,151
Cash at bank 37,441 25,445
40,681 40,161
CREDITORS
Amounts falling due within one year 6 (25,702 ) (22,289 )
NET CURRENT ASSETS 14,979 17,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,904

19,106

CREDITORS
Amounts falling due after more than one
year

7

(11,812

)

(18,850

)

PROVISIONS FOR LIABILITIES (26 ) (52 )
NET ASSETS 4,066 204

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,064 202
SHAREHOLDERS' FUNDS 4,066 204

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 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.

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Miss A L Nicol - Director



Mrs L Fitzmaurice - Director


H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

H.A.L. Hair 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.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 15,771 7,492 1,175 24,438
DEPRECIATION
At 1 December 2022 15,771 6,645 788 23,204
Charge for year - 212 97 309
At 30 November 2023 15,771 6,857 885 23,513
NET BOOK VALUE
At 30 November 2023 - 635 290 925
At 30 November 2022 - 847 387 1,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 2,970
Other debtors - 8,181
- 11,151

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 7,180 7,180
Taxation and social security 15,438 13,878
Other creditors 3,084 1,231
25,702 22,289

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 11,812 18,850

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 1,125 1,084

H.A.L. HAIR LIMITED (REGISTERED NUMBER: 07451678)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.11.23 30.11.22
£    £   
Miss A L Nicol
Balance outstanding at start of year 4,090 1,458
Amounts advanced - 2,632
Amounts repaid (4,090 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,090

Mrs L Fitzmaurice
Balance outstanding at start of year 4,091 1,457
Amounts advanced - 2,634
Amounts repaid (4,091 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,091

Mrs H Nash
Balance outstanding at start of year - 1,457
Amounts repaid - (1,457 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

During the year the company is under the control of its directors.