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REGISTERED NUMBER: 04338246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

South Woodford (T) Hairdressing Limited

South Woodford (T) Hairdressing Limited (Registered number: 04338246)






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


South Woodford (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C F Spearing
J A L Casola





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU341HN





REGISTERED NUMBER: 04338246 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

South Woodford (T) Hairdressing Limited (Registered number: 04338246)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,145 5,434
Tangible assets 5 9,421 16,198
13,566 21,632

CURRENT ASSETS
Stocks 2,661 2,019
Debtors 6 161,919 164,873
Cash in hand 1,234 2,992
165,814 169,884
CREDITORS
Amounts falling due within one year 7 159,575 210,009
NET CURRENT ASSETS/(LIABILITIES) 6,239 (40,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,805

(18,493

)

CREDITORS
Amounts falling due after more than one
year

8

(26,942

)

(48,083

)

PROVISIONS FOR LIABILITIES (723 ) (1,928 )
NET LIABILITIES (7,860 ) (68,504 )

CAPITAL AND RESERVES
Called up share capital 11 54,054 54,054
Retained earnings (61,914 ) (122,558 )
SHAREHOLDERS' FUNDS (7,860 ) (68,504 )

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.

South Woodford (T) Hairdressing Limited (Registered number: 04338246)

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 30 August 2024 and were signed on its behalf by:





C F Spearing - Director


South Woodford (T) Hairdressing Limited (Registered number: 04338246)

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

1. STATUTORY INFORMATION

South Woodford (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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

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.

Short Leasehold 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 cost
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.

South Woodford (T) Hairdressing Limited (Registered number: 04338246)

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.

Going concern
The company meets its day to day working capital requirements through group funding and Essensuals Group Limited, who also provide ongoing support in the form of extended supplier credits. The directors consider that it is a appropriate to prepare the financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Short
Costs Leasehold Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 5,300 2,295 7,595
AMORTISATION
At 1 September 2022 707 1,454 2,161
Amortisation for year 1,060 229 1,289
At 31 August 2023 1,767 1,683 3,450
NET BOOK VALUE
At 31 August 2023 3,533 612 4,145
At 31 August 2022 4,593 841 5,434

South Woodford (T) Hairdressing Limited (Registered number: 04338246)

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 228,400 583 228,983
Additions 1,656 - 1,656
At 31 August 2023 230,056 583 230,639
DEPRECIATION
At 1 September 2022 212,202 583 212,785
Charge for year 8,433 - 8,433
At 31 August 2023 220,635 583 221,218
NET BOOK VALUE
At 31 August 2023 9,421 - 9,421
At 31 August 2022 16,198 - 16,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 582 -
Amounts owed by group undertakings 149,797 150,041
Other debtors 11,540 14,832
161,919 164,873

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 37,156 30,801
Trade creditors (4,814 ) 70,180
Amounts owed to group undertakings 54,528 44,056
Taxation and social security 23,863 23,672
Other creditors 48,842 41,300
159,575 210,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 26,942 48,083

South Woodford (T) Hairdressing Limited (Registered number: 04338246)

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 27,000 27,000
Between one and five years 63,720 90,720
90,720 117,720

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank overdrafts 11,556 6,001

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
54,054 Ordinary £1 54,054 54,054

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
C F Spearing
Balance outstanding at start of year 3,412 3,412
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,412 3,412

At the year end, the director owed the company £3,412 (2022: £3,412).

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.