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REGISTERED NUMBER: 05691996 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

101 Mens Hair Design Limited

101 Mens Hair Design Limited (Registered number: 05691996)

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


101 Mens Hair Design Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: S Harrison





SECRETARY: Mrs D J Harrison





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 05691996 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

101 Mens Hair Design Limited (Registered number: 05691996)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 549 646
549 646

CURRENT ASSETS
Debtors 6 - 621
Cash in hand 451 451
451 1,072
CREDITORS
Amounts falling due within one year 7 15,037 4,906
NET CURRENT LIABILITIES (14,586 ) (3,834 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,037

)

(3,188

)

CREDITORS
Amounts falling due after more than one year 8 2,217 3,301
NET LIABILITIES (16,254 ) (6,489 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,255 ) (6,490 )
SHAREHOLDERS' FUNDS (16,254 ) (6,489 )

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 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.

101 Mens Hair Design Limited (Registered number: 05691996)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





S Harrison - Director


101 Mens Hair Design Limited (Registered number: 05691996)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

101 Mens Hair Design 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

101 Mens Hair Design Limited (Registered number: 05691996)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 5,000
AMORTISATION
At 1 February 2023
and 31 January 2024 5,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixture &
Fittings
£   
COST
At 1 February 2023
and 31 January 2024 9,165
DEPRECIATION
At 1 February 2023 8,519
Charge for year 97
At 31 January 2024 8,616
NET BOOK VALUE
At 31 January 2024 549
At 31 January 2023 646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax - 621

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 890 855
Social Security & Other Taxes 119 10
Directors Loan Account 13,375 3,388
Accrued expenses 653 653
15,037 4,906

101 Mens Hair Design Limited (Registered number: 05691996)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 2,217 3,301

9. RELATED PARTY DISCLOSURES

The company is controlled by S Harrison.