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Registered number: 04650391

Hair by Elfin Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Hair by Elfin Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
C Griffin
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04650391
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Hair by Elfin Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Hair by Elfin Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Intangible assets37,9209,051
Tangible assets47094
7,9909,145
CURRENT ASSETS
Stock300300
Debtors6-179
Cash at bank and in hand13882
3131,361
CREDITORS: Amounts falling due within one year74,7022,049
NET CURRENT LIABILITIES(4,389)(688)
TOTAL ASSETS LESS CURRENT LIABILITIES3,6018,457
CAPITAL AND RESERVES
Called up share capital8110110
Profit and loss account3,4918,347
SHAREHOLDERS' FUNDS3,6018,457
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/10/2024 and signed on their behalf by
.............................
C Griffin
Director

Hair by Elfin Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Hair by Elfin Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/02/202359,00059,000
At 31/01/202459,00059,000
Depreciation
At 01/02/202349,94949,949
For the year1,1311,131
At 31/01/202451,08051,080
Net Book Amounts
At 31/01/20247,9207,920
At 31/01/20239,0519,051
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/02/20238,2328,232
At 31/01/20248,2328,232
Depreciation
At 01/02/20238,1388,138
For the year2424
At 31/01/20248,1628,162
Net Book Amounts
At 31/01/20247070
At 31/01/20239494
5. STOCK 20242023
££
Stock comprises:
Stock300300
300300
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors-179
-179

Hair by Elfin Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax933-
Directors current account9181,999
Bank loans and overdrafts2,801-
Accruals5050
4,7022,049
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
10 Class B shares of £1 each1010
110110