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REGISTERED NUMBER: 00930980 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Antoniou Hair Fashions Limited

Antoniou Hair Fashions Limited (Registered number: 00930980)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Antoniou Hair Fashions Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: G Antoniou
Mrs J Antoniou





SECRETARY: Mrs M Antoniou





REGISTERED OFFICE: 16 Orange Street
Canterbury
Kent
CT1 2JA





REGISTERED NUMBER: 00930980 (England and Wales)





ACCOUNTANTS: Susan King FCA
115 London Road
Temple Ewell
Dover
Kent
CT16 3BY

Antoniou Hair Fashions Limited (Registered number: 00930980)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,537 138,128

CURRENT ASSETS
Stocks 5 24,116 26,418
Debtors 6 84,764 123,965
Cash in hand 2,178 836
111,058 151,219
CREDITORS
Amounts falling due within one year 7 66,112 109,451
NET CURRENT ASSETS 44,946 41,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,483

179,896

CREDITORS
Amounts falling due after more than one
year

8

33,480

38,951
NET ASSETS 141,003 140,945

CAPITAL AND RESERVES
Called up share capital 9 3,000 3,000
Revaluation reserve 10 137,902 137,902
Retained earnings 10 101 43
SHAREHOLDERS' FUNDS 141,003 140,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

Antoniou Hair Fashions Limited (Registered number: 00930980)

Balance Sheet - continued
5 April 2024


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 4 September 2024 and were signed on its behalf by:





G Antoniou - Director


Antoniou Hair Fashions Limited (Registered number: 00930980)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Antoniou Hair Fashions 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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.
Freehold property - 4% on cost
Fixtures and fittings - 10% on reducing balance

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.

Antoniou Hair Fashions Limited (Registered number: 00930980)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 6 April 2023
and 5 April 2024 213,000 301,255 514,255
DEPRECIATION
At 6 April 2023 118,180 257,947 376,127
Charge for year 4,260 4,331 8,591
At 5 April 2024 122,440 262,278 384,718
NET BOOK VALUE
At 5 April 2024 90,560 38,977 129,537
At 5 April 2023 94,820 43,308 138,128

Cost or valuation at 5 April 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 1994 213,000 - 213,000
Cost - 301,255 301,255
213,000 301,255 514,255

Antoniou Hair Fashions Limited (Registered number: 00930980)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

5.4.24 5.4.23
£    £   
Cost 122,098 122,098
Aggregate depreciation 70,818 68,376

Value of land in freehold land and buildings 51,280 53,722

Freehold land and buildings were valued on an open market basis on 1 February 1994 by TN Davis, Chartered Surveyor .

5. STOCKS
5.4.24 5.4.23
£    £   
Finished goods 24,116 26,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 9,023 9,023
Other debtors 75,741 114,942
84,764 123,965

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts 40,940 49,034
Trade creditors 4,267 37,376
Tax 3,078 1,980
Social security and other taxes 2,495 2,026
VAT 11,330 10,135
Other creditors 3,998 8,865
Directors' loan accounts 4 35
66,112 109,451

Antoniou Hair Fashions Limited (Registered number: 00930980)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans - 1-2 years 8,333 8,333
Bank loans - 2-5 years 25,000 25,000
Bank loans more 5 yr by instal 147 5,618
33,480 38,951

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 147 5,618

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
3,000 Ordinary £1 3,000 3,000

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 6 April 2023 43 137,902 137,945
Profit for the year 5,058 5,058
Dividends (5,000 ) (5,000 )
At 5 April 2024 101 137,902 138,003