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REGISTERED NUMBER: 12674478 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Antidote Hair Ltd

Antidote Hair Ltd (Registered number: 12674478)






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


Antidote Hair Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Bellingham
Miss S Riley





REGISTERED OFFICE: 274 Longford Road
Cannock
Staffordshire
WS11 1NE





REGISTERED NUMBER: 12674478 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Antidote Hair Ltd (Registered number: 12674478)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,000 32,000
Tangible assets 5 8,918 11,332
36,918 43,332

CURRENT ASSETS
Stocks 7,550 5,450
Debtors 6 19,604 11,023
Cash at bank and in hand 2,744 9,364
29,898 25,837
CREDITORS
Amounts falling due within one year 7 90,840 77,027
NET CURRENT LIABILITIES (60,942 ) (51,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,024

)

(7,858

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (24,124 ) (7,958 )
SHAREHOLDERS' FUNDS (24,024 ) (7,858 )

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 directors acknowledge their 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.

Antidote Hair Ltd (Registered number: 12674478)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Miss S Riley - Director


Antidote Hair Ltd (Registered number: 12674478)

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

1. STATUTORY INFORMATION

Antidote Hair Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 50% 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 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.

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.

Antidote Hair Ltd (Registered number: 12674478)

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

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 8,000
Amortisation for year 4,000
At 31 March 2024 12,000
NET BOOK VALUE
At 31 March 2024 28,000
At 31 March 2023 32,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 16,781 1,148 17,929
DEPRECIATION
At 1 April 2023 5,940 657 6,597
Charge for year 2,168 246 2,414
At 31 March 2024 8,108 903 9,011
NET BOOK VALUE
At 31 March 2024 8,673 245 8,918
At 31 March 2023 10,841 491 11,332

Antidote Hair Ltd (Registered number: 12674478)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 5,250 5,250
Directors' current accounts 8,596 -
Prepayments and accrued income 5,758 5,773
19,604 11,023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,405 9,558
Other loans 34,403 -
Tax 58 837
Social security and other taxes 6,205 10,566
VAT 3,094 4,562
Other creditors 3,671 12,771
Directors' current accounts 30,200 38,009
Accrued expenses 804 724
90,840 77,027

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (7,958 )
Deficit for the year (6,166 )
Dividends (10,000 )
At 31 March 2024 (24,124 )