2023-04-012024-03-312024-03-31false07507752PAUL GEORGE HAIR LTD2024-11-0196020iso4217:GBPxbrli:pure075077522023-04-01075077522024-03-31075077522023-04-012024-03-31075077522022-04-01075077522023-03-31075077522022-04-012023-03-3107507752bus:SmallEntities2023-04-012024-03-3107507752bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107507752bus:FullAccounts2023-04-012024-03-3107507752bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107507752core:WithinOneYear2024-03-3107507752core:AfterOneYear2024-03-3107507752core:WithinOneYear2023-03-3107507752core:AfterOneYear2023-03-3107507752core:ShareCapital2024-03-3107507752core:SharePremium2024-03-3107507752core:RevaluationReserve2024-03-3107507752core:OtherReservesSubtotal2024-03-3107507752core:RetainedEarningsAccumulatedLosses2024-03-3107507752core:ShareCapital2023-03-3107507752core:SharePremium2023-03-3107507752core:RevaluationReserve2023-03-3107507752core:OtherReservesSubtotal2023-03-3107507752core:RetainedEarningsAccumulatedLosses2023-03-3107507752core:LandBuildings2024-03-3107507752core:PlantMachinery2024-03-3107507752core:Vehicles2024-03-3107507752core:FurnitureFittings2024-03-3107507752core:OfficeEquipment2024-03-3107507752core:NetGoodwill2024-03-3107507752core:IntangibleAssetsOtherThanGoodwill2024-03-3107507752core:ListedExchangeTraded2024-03-3107507752core:UnlistedNon-exchangeTraded2024-03-3107507752core:LandBuildings2023-03-3107507752core:PlantMachinery2023-03-3107507752core:Vehicles2023-03-3107507752core:FurnitureFittings2023-03-3107507752core:OfficeEquipment2023-03-3107507752core:NetGoodwill2023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-03-3107507752core:ListedExchangeTraded2023-03-3107507752core:UnlistedNon-exchangeTraded2023-03-3107507752core:LandBuildings2023-04-012024-03-3107507752core:PlantMachinery2023-04-012024-03-3107507752core:Vehicles2023-04-012024-03-3107507752core:FurnitureFittings2023-04-012024-03-3107507752core:OfficeEquipment2023-04-012024-03-3107507752core:NetGoodwill2023-04-012024-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107507752core:ListedExchangeTraded2023-04-012024-03-3107507752core:UnlistedNon-exchangeTraded2023-04-012024-03-3107507752core:MoreThanFiveYears2023-04-012024-03-3107507752core:Non-currentFinancialInstruments2024-03-3107507752core:Non-currentFinancialInstruments2023-03-3107507752dpl:CostSales2023-04-012024-03-3107507752dpl:DistributionCosts2023-04-012024-03-3107507752core:LandBuildings2023-04-012024-03-3107507752core:PlantMachinery2023-04-012024-03-3107507752core:Vehicles2023-04-012024-03-3107507752core:FurnitureFittings2023-04-012024-03-3107507752core:OfficeEquipment2023-04-012024-03-3107507752dpl:AdministrativeExpenses2023-04-012024-03-3107507752core:NetGoodwill2023-04-012024-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107507752dpl:GroupUndertakings2023-04-012024-03-3107507752dpl:ParticipatingInterests2023-04-012024-03-3107507752dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107507752core:ListedExchangeTraded2023-04-012024-03-3107507752dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107507752core:UnlistedNon-exchangeTraded2023-04-012024-03-3107507752dpl:CostSales2022-04-012023-03-3107507752dpl:DistributionCosts2022-04-012023-03-3107507752core:LandBuildings2022-04-012023-03-3107507752core:PlantMachinery2022-04-012023-03-3107507752core:Vehicles2022-04-012023-03-3107507752core:FurnitureFittings2022-04-012023-03-3107507752core:OfficeEquipment2022-04-012023-03-3107507752dpl:AdministrativeExpenses2022-04-012023-03-3107507752core:NetGoodwill2022-04-012023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107507752dpl:GroupUndertakings2022-04-012023-03-3107507752dpl:ParticipatingInterests2022-04-012023-03-3107507752dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107507752core:ListedExchangeTraded2022-04-012023-03-3107507752dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107507752core:UnlistedNon-exchangeTraded2022-04-012023-03-3107507752core:NetGoodwill2024-03-3107507752core:IntangibleAssetsOtherThanGoodwill2024-03-3107507752core:LandBuildings2024-03-3107507752core:PlantMachinery2024-03-3107507752core:Vehicles2024-03-3107507752core:FurnitureFittings2024-03-3107507752core:OfficeEquipment2024-03-3107507752core:AfterOneYear2024-03-3107507752core:WithinOneYear2024-03-3107507752core:ListedExchangeTraded2024-03-3107507752core:UnlistedNon-exchangeTraded2024-03-3107507752core:ShareCapital2024-03-3107507752core:SharePremium2024-03-3107507752core:RevaluationReserve2024-03-3107507752core:OtherReservesSubtotal2024-03-3107507752core:RetainedEarningsAccumulatedLosses2024-03-3107507752core:NetGoodwill2023-03-3107507752core:IntangibleAssetsOtherThanGoodwill2023-03-3107507752core:LandBuildings2023-03-3107507752core:PlantMachinery2023-03-3107507752core:Vehicles2023-03-3107507752core:FurnitureFittings2023-03-3107507752core:OfficeEquipment2023-03-3107507752core:AfterOneYear2023-03-3107507752core:WithinOneYear2023-03-3107507752core:ListedExchangeTraded2023-03-3107507752core:UnlistedNon-exchangeTraded2023-03-3107507752core:ShareCapital2023-03-3107507752core:SharePremium2023-03-3107507752core:RevaluationReserve2023-03-3107507752core:OtherReservesSubtotal2023-03-3107507752core:RetainedEarningsAccumulatedLosses2023-03-3107507752core:NetGoodwill2022-04-0107507752core:IntangibleAssetsOtherThanGoodwill2022-04-0107507752core:LandBuildings2022-04-0107507752core:PlantMachinery2022-04-0107507752core:Vehicles2022-04-0107507752core:FurnitureFittings2022-04-0107507752core:OfficeEquipment2022-04-0107507752core:AfterOneYear2022-04-0107507752core:WithinOneYear2022-04-0107507752core:ListedExchangeTraded2022-04-0107507752core:UnlistedNon-exchangeTraded2022-04-0107507752core:ShareCapital2022-04-0107507752core:SharePremium2022-04-0107507752core:RevaluationReserve2022-04-0107507752core:OtherReservesSubtotal2022-04-0107507752core:RetainedEarningsAccumulatedLosses2022-04-0107507752core:AfterOneYear2023-04-012024-03-3107507752core:WithinOneYear2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107507752core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3107507752core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3107507752core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107507752core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107507752core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107507752bus:Director12023-04-012024-03-3107507752bus:Director22023-04-012024-03-3107507752core:FurnitureFittingsToolsEquipment2023-03-3107507752core:FurnitureFittingsToolsEquipment2024-03-3107507752core:FurnitureFittingsToolsEquipment2023-04-012024-03-31

PAUL GEORGE HAIR LTD

Registered Number
07507752
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

PAUL GEORGE HAIR LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

P J Mcinery
A S Young

Registered Address

179 Park Lane
Poynton
SK12 1RH

Registered Number

07507752 (England and Wales)
PAUL GEORGE HAIR LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets44,7725,430
Tangible assets55,3846,334
10,15611,764
Current assets
Stocks62,7002,700
Debtors71,3591,253
Cash at bank and on hand60,67864,393
64,73768,346
Creditors amounts falling due within one year8(44,633)(58,307)
Net current assets (liabilities)20,10410,039
Total assets less current liabilities30,26021,803
Provisions for liabilities9(1,435)(1,724)
Net assets28,82520,079
Capital and reserves
Called up share capital100100
Profit and loss account28,72519,979
Shareholders' funds28,82520,079
The financial statements were approved and authorised for issue by the Board of Directors on 1 November 2024, and are signed on its behalf by:
A S Young
Director
P J Mcinery
Director

Registered Company No. 07507752
PAUL GEORGE HAIR LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets that are acquired by the company are stated at cost less accumulated amortisation, and less accumulated impairment losses. The company assesses at each reporting date whether the intangible fixed assets are impaired. Amortisation is charged to the profit and loss on a straight-line basis over the estimated useful lives of the intangible asset. The estimated useful lives are as follows: Leasehold improvements 10 years
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year43
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 236,5826,582
At 31 March 246,5826,582
Amortisation and impairment
At 01 April 231,1521,152
Charge for year658658
At 31 March 241,8101,810
Net book value
At 31 March 244,7724,772
At 31 March 235,4305,430
5.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 April 2314,35714,357
At 31 March 2414,35714,357
Depreciation and impairment
At 01 April 238,0238,023
Charge for year950950
At 31 March 248,9738,973
Net book value
At 31 March 245,3845,384
At 31 March 236,3346,334
6.Stocks
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2024

2023

££
Raw materials and consumables2,7002,700
Total2,7002,700
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-588
Other debtors1,359665
Total1,3591,253
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables873743
Taxation and social security8,84721,980
Other creditors34,91335,584
Total44,63358,307
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.

2024

2023

££
Net deferred tax liability (asset)1,4351,724
Total1,4351,724