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REGISTERED NUMBER: SC620902 (Scotland)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

281 Hair Ltd

281 Hair Ltd (Registered number: SC620902)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


281 Hair Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs L Evangelista
S S Brewer





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC620902 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

281 Hair Ltd (Registered number: SC620902)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,623

CURRENT ASSETS
Stocks 5 - 1,558
Debtors 6 111,200 -
Cash at bank and in hand 135 84,169
111,335 85,727
CREDITORS
Amounts falling due within one year 7 36,316 26,924
NET CURRENT ASSETS 75,019 58,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,019

61,426

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 74,919 61,326
SHAREHOLDERS' FUNDS 75,019 61,426

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 12 March 2024 and were signed on its behalf by:




S S Brewer - Director


281 Hair Ltd (Registered number: SC620902)

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

1. STATUTORY INFORMATION

281 Hair Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 3,789
Disposals (3,789 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 1,166
Eliminated on disposal (1,166 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 2,623

281 Hair Ltd (Registered number: SC620902)

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

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks - 1,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Semoh Limited 111,200 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 20,651 21,896
VAT - 4,248
Directors' current accounts 14,345 -
Accrued expenses 1,320 780
36,316 26,924

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 61,326
Profit for the year 23,593
Dividends (10,000 )
At 29 February 2024 74,919