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REGISTERED NUMBER: 10576124 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SCISSORBOX SALON LIMITED

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

SCISSORBOX SALON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs T J D Triffitt





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 10576124 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

BALANCE SHEET
31 JANUARY 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,160 28,257
24,160 28,257

CURRENT ASSETS
Stocks 6 26,000 26,000
Debtors 7 62,696 55,810
Cash at bank and in hand 16,955 24,644
105,651 106,454
CREDITORS
Amounts falling due within one year 8 43,357 46,251
NET CURRENT ASSETS 62,294 60,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,454

88,460

CREDITORS
Amounts falling due after more than one
year

9

(18,834

)

(23,698

)

PROVISIONS FOR LIABILITIES 11 (4,591 ) (5,369 )
NET ASSETS 63,029 59,393

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 62,929 59,293
SHAREHOLDERS' FUNDS 63,029 59,393

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

BALANCE SHEET - continued
31 JANUARY 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 17 October 2024 and were signed by:





Mrs T J D Triffitt - Director


SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Scissorbox Salon 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.

The financial statements are presented in round pounds sterling £.

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.

Revenue from the sale of hair care products is recognised when the risks and rewards of ownership are transferred.
Revenue from the sale of services is recognised when the service is complete. Deposits are not recognised as income until the service is complete.
Revenue from chair rent is recongised monthly, once the takings have been aggregated.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

It is the policy of the Company to capitalise items with an estimated useful economic life in excess of two years and with a cost price in excess of £150.
The Company reviews the tangible fixed assets for impairment annually.

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.


SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued
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.

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 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 10,000
Disposals (10,000 )
At 31 January 2024 -
AMORTISATION
At 1 February 2023 10,000
Eliminated on disposal (10,000 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 26,424 304 37,516 2,201 66,445
DEPRECIATION
At 1 February 2023 9,846 90 26,051 2,201 38,188
Charge for year 1,762 42 2,293 - 4,097
At 31 January 2024 11,608 132 28,344 2,201 42,285
NET BOOK VALUE
At 31 January 2024 14,816 172 9,172 - 24,160
At 31 January 2023 16,578 214 11,465 - 28,257

6. STOCKS
2024 2023
as restated
£    £   
Stocks 26,000 26,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 1,558 1,057
Other debtors 7,817 5,467
Intercompany 52,847 48,761
Prepayments 474 525
62,696 55,810

Intercompany debtors represents a loan to Company Box Ltd (14261188), a Company controlled by the Director. Interest is charged on the loan at 5% per annum and the loan is repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 3,671 4,415
Tax 16,403 10,179
Wages Payable - 123
Social security and other taxes (3,040 ) 890
VAT 13,102 16,626
Other creditors 523 1,335
Directors' current accounts 546 573
Accrued expenses 2,152 2,110
43,357 46,251

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans (see note 10) 18,834 23,698

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
as restated
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,834 13,698

11. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 4,591 5,369

Deferred
tax
£   
Balance at 1 February 2023 5,369
Provided during year (778 )
Balance at 31 January 2024 4,591

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 Ordinary £1 100 100

SCISSORBOX SALON LIMITED (REGISTERED NUMBER: 10576124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following Directors loan accounts subsisted during the year;

Directors Loan Account
A member of key management personnel.

During the year the Company repaid the Director £16,739 (2023: £61,989)
During the year the Director advanced the Company £16,712 (2023: £61,527)

As at 31 January 2024 the Company owed the Director £546 (2023: £573)

SCISSORBOX SALON LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
SCISSORBOX SALON 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages one to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................