IRIS Accounts Production v24.3.0.553 01221471 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012214712023-03-31012214712024-03-31012214712023-04-012024-03-31012214712022-03-31012214712022-04-012023-03-31012214712023-03-3101221471ns15:EnglandWales2023-04-012024-03-3101221471ns14:PoundSterling2023-04-012024-03-3101221471ns10:Director12023-04-012024-03-3101221471ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101221471ns10:SmallEntities2023-04-012024-03-3101221471ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101221471ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101221471ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101221471ns10:FullAccounts2023-04-012024-03-310122147112023-04-012024-03-3101221471ns10:Director22023-04-012024-03-3101221471ns10:CompanySecretary12023-04-012024-03-3101221471ns10:RegisteredOffice2023-04-012024-03-3101221471ns5:CurrentFinancialInstruments2024-03-3101221471ns5:CurrentFinancialInstruments2023-03-3101221471ns5:Non-currentFinancialInstruments2024-03-3101221471ns5:Non-currentFinancialInstruments2023-03-3101221471ns5:ShareCapital2024-03-3101221471ns5:ShareCapital2023-03-3101221471ns5:RetainedEarningsAccumulatedLosses2024-03-3101221471ns5:RetainedEarningsAccumulatedLosses2023-03-3101221471ns5:NetGoodwill2023-04-012024-03-3101221471ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101221471ns5:PlantMachinery2023-04-012024-03-3101221471ns5:NetGoodwill2023-03-3101221471ns5:NetGoodwill2024-03-3101221471ns5:NetGoodwill2023-03-3101221471ns5:PlantMachinery2023-03-3101221471ns5:PlantMachinery2024-03-3101221471ns5:PlantMachinery2023-03-3101221471ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101221471ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01221471 (England and Wales)















Headlineshair Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Headlineshair Ltd (Registered number: 01221471)






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


Headlineshair Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr T L Marriott
Mrs L J Marriott





SECRETARY: Mr T L Marriott





REGISTERED OFFICE: 71-73 Hoghton Street
Southport
Merseyside
PR90PR





REGISTERED NUMBER: 01221471 (England and Wales)





ACCOUNTANTS: Advance Chartered Certified Accountants
71-73 Hoghton Street
Southport
Merseyside
PR9 0PR

Headlineshair Ltd (Registered number: 01221471)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 90,809 108,467
90,809 108,467

CURRENT ASSETS
Stocks 21,025 32,189
Debtors 6 41,089 21,872
Cash at bank and in hand 64,448 144,232
126,562 198,293
CREDITORS
Amounts falling due within one year 7 180,772 195,398
NET CURRENT (LIABILITIES)/ASSETS (54,210 ) 2,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,599

111,362

CREDITORS
Amounts falling due after more than one
year

8

-

62,414
NET ASSETS 36,599 48,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,499 48,848
SHAREHOLDERS' FUNDS 36,599 48,948

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.

Headlineshair Ltd (Registered number: 01221471)

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:





Mr T L Marriott - Director


Headlineshair Ltd (Registered number: 01221471)

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

1. STATUTORY INFORMATION

Headlineshair 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.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% 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.

Headlineshair Ltd (Registered number: 01221471)

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

2. ACCOUNTING POLICIES - continued

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 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,103
AMORTISATION
At 1 April 2023
and 31 March 2024 12,103
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,190,002
Additions 174
Disposals (42,356 )
At 31 March 2024 1,147,820
DEPRECIATION
At 1 April 2023 1,081,535
Charge for year 17,832
Eliminated on disposal (42,356 )
At 31 March 2024 1,057,011
NET BOOK VALUE
At 31 March 2024 90,809
At 31 March 2023 108,467

Headlineshair Ltd (Registered number: 01221471)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41,089 21,872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,699 81,617
Taxation and social security 19,714 20,916
Other creditors 94,359 92,865
180,772 195,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 62,414