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REGISTERED NUMBER: 04626513 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HAIR + BEAUTY WORKSHOP LIMITED

HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAIR + BEAUTY WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr A Nail





SECRETARY: Ms E Nail





REGISTERED OFFICE: 4 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3LL





REGISTERED NUMBER: 04626513 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,600 38,400
Tangible assets 5 4,929 5,572
38,529 43,972

CURRENT ASSETS
Stocks 80,700 80,250
Debtors 6 1,461 2,821
Cash at bank and in hand 20,459 10,012
102,620 93,083
CREDITORS
Amounts falling due within one year 7 29,207 24,162
NET CURRENT ASSETS 73,413 68,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,942

112,893

CREDITORS
Amounts falling due after more than one year 8 (11,768 ) (21,720 )

PROVISIONS FOR LIABILITIES (936 ) (993 )
NET ASSETS 99,238 90,180

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,138 90,080
SHAREHOLDERS' FUNDS 99,238 90,180

HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 16 October 2024 and were signed by:





Mr A Nail - Director


HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)

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

1. STATUTORY INFORMATION

Hair + Beauty Workshop 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

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.
Plant and machinery etc - 25% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 120,000
AMORTISATION
At 1 April 2023 81,600
Charge for year 4,800
At 31 March 2024 86,400
NET BOOK VALUE
At 31 March 2024 33,600
At 31 March 2023 38,400

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 29,549
Additions 999
At 31 March 2024 30,548
DEPRECIATION
At 1 April 2023 23,977
Charge for year 1,642
At 31 March 2024 25,619
NET BOOK VALUE
At 31 March 2024 4,929
At 31 March 2023 5,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,461 2,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 7,519 3,220
Taxation and social security 7,285 5,414
Other creditors 3,755 4,880
29,207 24,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,768 21,720

HAIR + BEAUTY WORKSHOP LIMITED (REGISTERED NUMBER: 04626513)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company was granted a rent free period and paid no rent (2023, £18,000).
Mr Ali, who is also a director of the company, owns the property.

10. ULTIMATE CONTROLLING PARTY

At the year end, Mr J Nail and Ms E Nail who each own 50% of the company's share capital, are jointly the company's ultimate controlling parties.