IRIS Accounts Production v24.3.0.553 10810484 Board of Directors Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false Ordinary 11.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108104842023-06-30108104842024-06-30108104842023-07-012024-06-30108104842022-06-30108104842022-07-012023-06-30108104842023-06-3010810484ns14:PoundSterling2023-07-012024-06-3010810484ns10:Director12023-07-012024-06-3010810484ns10:Director22023-07-012024-06-3010810484ns10:Director32023-07-012024-06-3010810484ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010810484ns10:SmallEntities2023-07-012024-06-3010810484ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010810484ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010810484ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010810484ns10:FullAccounts2023-07-012024-06-3010810484ns10:OrdinaryShareClass12023-07-012024-06-3010810484ns5:CurrentFinancialInstruments2024-06-3010810484ns5:CurrentFinancialInstruments2023-06-3010810484ns5:Non-currentFinancialInstruments2024-06-3010810484ns5:Non-currentFinancialInstruments2023-06-3010810484ns5:ShareCapital2024-06-3010810484ns5:ShareCapital2023-06-3010810484ns5:SharePremium2024-06-3010810484ns5:SharePremium2023-06-3010810484ns5:RetainedEarningsAccumulatedLosses2024-06-3010810484ns5:RetainedEarningsAccumulatedLosses2023-06-3010810484ns10:RegisteredOffice2023-07-012024-06-3010810484ns5:LongLeaseholdAssetsns5:LandBuildings2023-07-012024-06-3010810484ns5:PlantMachinery2023-07-012024-06-3010810484ns5:FurnitureFittings2023-07-012024-06-3010810484ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3010810484ns5:PlantMachinery2023-06-3010810484ns5:FurnitureFittings2023-06-3010810484ns5:LongLeaseholdAssetsns5:LandBuildings2024-06-3010810484ns5:PlantMachinery2024-06-3010810484ns5:FurnitureFittings2024-06-3010810484ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-3010810484ns5:PlantMachinery2023-06-3010810484ns5:FurnitureFittings2023-06-3010810484ns5:CurrentFinancialInstruments2023-07-012024-06-3010810484ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3010810484ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010810484ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3010810484ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3010810484ns5:WithinOneYear2024-06-3010810484ns5:WithinOneYear2023-06-3010810484ns5:BetweenOneFiveYears2024-06-3010810484ns5:BetweenOneFiveYears2023-06-3010810484ns5:AllPeriods2024-06-3010810484ns5:AllPeriods2023-06-3010810484ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 10810484 (United Kingdom)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

AJE HAIR LIMITED

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 707 1,878

CURRENT ASSETS
Stocks 6 10,801 7,697
Debtors 7 17,752 12,097
Cash at bank and in hand 24,294 17,599
52,847 37,393
CREDITORS
Amounts falling due within one year 8 46,314 25,857
NET CURRENT ASSETS 6,533 11,536
TOTAL ASSETS LESS CURRENT LIABILITIES 7,240 13,414

CREDITORS
Amounts falling due after more than one year 9 (7,000 ) (13,000 )

PROVISIONS FOR LIABILITIES (140 ) (313 )
NET ASSETS 100 101

CAPITAL AND RESERVES
Called up share capital 12 33 33
Share premium 67 67
Retained earnings - 1
SHAREHOLDERS' FUNDS 100 101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:




Ms J C Davies - Director Ms A Inker - Director




Ms E Jenkins - Director


AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

AJE Hair Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 10810484

Registered office: 20-24 Castle Arcade
Castle Street
Cardiff
CF10 1BW

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 16.67% Straight line
Plant and machinery - 25% Straight line
Fixtures and fittings - 33% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial Instruments

Classification
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Debt instruments are subsequently measured at amortised cost.

Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 July 2023 21,349 9,158 1,617 32,124
Additions - 562 - 562
At 30 June 2024 21,349 9,720 1,617 32,686
DEPRECIATION
At 1 July 2023 19,769 8,860 1,617 30,246
Charge for year 1,580 153 - 1,733
At 30 June 2024 21,349 9,013 1,617 31,979
NET BOOK VALUE
At 30 June 2024 - 707 - 707
At 30 June 2023 1,580 298 - 1,878

6. STOCKS
2024 2023
£    £   
Stocks 10,801 7,697

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
£   £   

Prepayments569528
Other debtors8,31511,569
8,88412,097

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
£   £   

Bank loans and overdrafts (note 9)6,0006,000
Tax and social security15,03617,232
Accruals and deferred income10,57359
Other creditors5,8372,566
37,44625,857


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 7,000 13,000

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,000 13,000

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,500 -
Between one and five years 41,250 -
68,750 -

The amount of non-cancellable operating lease payments recognised as an expense during the year was £32,552 (2022 - £34,458).

AJE HAIR LIMITED (REGISTERED NUMBER: 10810484)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £11.1 0 33 33