2023-07-012024-06-302024-06-30false14178528ISAAC CREATIVE HAIR 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ISAAC CREATIVE HAIR LTD

Registered Number
14178528
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

ISAAC CREATIVE HAIR LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Isaac Harman

Registered Address

Suite 6 Mercer Manor Barns
Sherington
Newport Pagnell
MK16 9PU

Registered Number

14178528 (England and Wales)
ISAAC CREATIVE HAIR LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets323,95026,975
Tangible assets447,4141,212
71,36428,187
Current assets
Debtors5117,09319,820
Cash at bank and on hand40,19982,893
157,292102,713
Creditors amounts falling due within one year6(62,366)(77,865)
Net current assets (liabilities)94,92624,848
Total assets less current liabilities166,29053,035
Creditors amounts falling due after one year7(43,263)-
Net assets123,02753,035
Capital and reserves
Called up share capital1-
Profit and loss account123,02653,035
Shareholders' funds123,02753,035
The financial statements were approved and authorised for issue by the Director on 12 August 2024, and are signed on its behalf by:
Isaac Harman
Director
Registered Company No. 14178528
ISAAC CREATIVE HAIR LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings3
Vehicles5
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year2022
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 July 2330,00030,000
At 30 June 2430,00030,000
Amortisation and impairment
At 01 July 233,0253,025
Charge for year3,0253,025
At 30 June 246,0506,050
Net book value
At 30 June 2423,95023,950
At 30 June 2326,97526,975
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 July 23798-6641,462
Additions5,02942,4886,55554,072
At 30 June 245,82742,4887,21955,534
Depreciation and impairment
At 01 July 23120-130250
Charge for year7815,7351,3547,870
At 30 June 249015,7351,4848,120
Net book value
At 30 June 244,92636,7535,73547,414
At 30 June 23678-5341,212
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables37,80010,181
Other debtors69,640-
Prepayments and accrued income9,6539,639
Total117,09319,820
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables47,74834,489
Bank borrowings and overdrafts-1,525
Taxation and social security14,61841,851
Total62,36677,865
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts43,263-
Total43,263-