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REGISTERED NUMBER: 03309488 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

ARROW HAIR & BEAUTY SUPPLIES LIMITED

ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ARROW HAIR & BEAUTY SUPPLIES LIMITED

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mr M Speirs





REGISTERED OFFICE: Priory Farm
Priory Court
Studley
Warwickshire
B80 7BB





REGISTERED NUMBER: 03309488 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,535 20,714

CURRENT ASSETS
Stocks 5 386,581 342,271
Debtors 6 23,995 28,488
Cash at bank 178,421 141,602
588,997 512,361
CREDITORS
Amounts falling due within one year 7 134,354 100,884
NET CURRENT ASSETS 454,643 411,477
TOTAL ASSETS LESS CURRENT LIABILITIES 470,178 432,191

PROVISIONS FOR LIABILITIES 8 2,952 3,936
NET ASSETS 467,226 428,255

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 467,224 428,253
SHAREHOLDERS' FUNDS 467,226 428,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Balance Sheet - continued
29th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th September 2024 and were signed by:





Mr M Speirs - Director


ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Notes to the Financial Statements
for the Year Ended 29th February 2024


1. STATUTORY INFORMATION

Arrow Hair & Beauty Supplies 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
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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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 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.

ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. ACCOUNTING POLICIES - continued

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 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2023
and 29th February 2024 122,052 35,293 157,345
DEPRECIATION
At 1st March 2023 110,270 26,361 136,631
Charge for year 2,946 2,233 5,179
At 29th February 2024 113,216 28,594 141,810
NET BOOK VALUE
At 29th February 2024 8,836 6,699 15,535
At 28th February 2023 11,782 8,932 20,714

5. STOCKS
2024 2023
£    £   
Stocks 386,581 342,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,931 25,604
Prepayments 7,064 2,884
23,995 28,488

ARROW HAIR & BEAUTY SUPPLIES LIMITED (REGISTERED NUMBER: 03309488)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,639 51,930
Tax 15,838 3,838
Social security and other taxes 5,233 817
VAT 45,980 40,650
Directors' loan accounts 198 198
Accrued expenses 5,466 3,451
134,354 100,884

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,952 3,936

Deferred
tax
£   
Balance at 1st March 2023 3,936
Provided during year (984 )
Balance at 29th February 2024 2,952

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Speirs.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Arrow Hair & Beauty Supplies Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arrow Hair & Beauty Supplies Limited for the year ended 29th February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Arrow Hair & Beauty Supplies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Arrow Hair & Beauty Supplies Limited and state those matters that we have agreed to state to the director of Arrow Hair & Beauty Supplies Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arrow Hair & Beauty Supplies Limited and its director for our work or for this report.

It is your duty to ensure that Arrow Hair & Beauty Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Arrow Hair & Beauty Supplies Limited. You consider that Arrow Hair & Beauty Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Arrow Hair & Beauty Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST


10th September 2024