IRIS Accounts Production v24.3.0.553 06504582 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065045822023-03-31065045822024-03-31065045822023-04-012024-03-31065045822022-03-31065045822022-04-012023-03-31065045822023-03-3106504582ns15:EnglandWales2023-04-012024-03-3106504582ns14:PoundSterling2023-04-012024-03-3106504582ns10:Director12023-04-012024-03-3106504582ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106504582ns10:SmallEntities2023-04-012024-03-3106504582ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106504582ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106504582ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106504582ns10:FullAccounts2023-04-012024-03-310650458212023-04-012024-03-3106504582ns10:OrdinaryShareClass12023-04-012024-03-3106504582ns10:Director22023-04-012024-03-3106504582ns10:CompanySecretary12023-04-012024-03-3106504582ns10:RegisteredOffice2023-04-012024-03-3106504582ns5:CurrentFinancialInstruments2024-03-3106504582ns5:CurrentFinancialInstruments2023-03-3106504582ns5:Non-currentFinancialInstruments2024-03-3106504582ns5:Non-currentFinancialInstruments2023-03-3106504582ns5:ShareCapital2024-03-3106504582ns5:ShareCapital2023-03-3106504582ns5:RetainedEarningsAccumulatedLosses2024-03-3106504582ns5:RetainedEarningsAccumulatedLosses2023-03-3106504582ns5:NetGoodwill2023-04-012024-03-3106504582ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106504582ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3106504582ns5:FurnitureFittings2023-04-012024-03-3106504582ns5:ComputerEquipment2023-04-012024-03-3106504582ns5:NetGoodwill2023-03-3106504582ns5:NetGoodwill2024-03-3106504582ns5:NetGoodwill2023-03-3106504582ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3106504582ns5:FurnitureFittings2023-03-3106504582ns5:ComputerEquipment2023-03-3106504582ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3106504582ns5:FurnitureFittings2024-03-3106504582ns5:ComputerEquipment2024-03-3106504582ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3106504582ns5:FurnitureFittings2023-03-3106504582ns5:ComputerEquipment2023-03-3106504582ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106504582ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106504582ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3106504582ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3106504582ns5:WithinOneYear2024-03-3106504582ns5:WithinOneYear2023-03-3106504582ns5:BetweenOneFiveYears2024-03-3106504582ns5:BetweenOneFiveYears2023-03-3106504582ns5:AllPeriods2024-03-3106504582ns5:AllPeriods2023-03-3106504582ns5:Secured2024-03-3106504582ns5:Secured2023-03-3106504582ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 06504582 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brothers Hair Sculpting Team Limited

Brothers Hair Sculpting Team Limited (Registered number: 06504582)






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

Report of the Accountants 8

Brothers Hair Sculpting Team Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A J Buckland
Mrs S B Buckland





SECRETARY: Mrs S B Buckland





REGISTERED OFFICE: 33 Moreton Lane
Thame
Oxfordshire
OX9 2EW





REGISTERED NUMBER: 06504582 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Brothers Hair Sculpting Team Limited (Registered number: 06504582)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,642 12,952
10,642 12,952

CURRENT ASSETS
Stocks 50,022 55,427
Debtors 6 132,867 105,899
Cash at bank and in hand 45,280 19,750
228,169 181,076
CREDITORS
Amounts falling due within one year 7 207,877 162,773
NET CURRENT ASSETS 20,292 18,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,934

31,255

CREDITORS
Amounts falling due after more than one
year

8

30,815

30,362
NET ASSETS 119 893

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 19 793
SHAREHOLDERS' FUNDS 119 893

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.

Brothers Hair Sculpting Team Limited (Registered number: 06504582)

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 7 November 2024 and were signed on its behalf by:





A J Buckland - Director


Brothers Hair Sculpting Team Limited (Registered number: 06504582)

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

1. STATUTORY INFORMATION

Brothers Hair Sculpting Team 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 represents the value of services provided, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four 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.
Leasehold improvements - at varying rates on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Brothers Hair Sculpting Team Limited (Registered number: 06504582)

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 44 (2023 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 (89,653 )
AMORTISATION
At 1 April 2023
and 31 March 2024 (89,653 )
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 33,285 61,980 2,961 98,226
DEPRECIATION
At 1 April 2023 26,118 58,295 861 85,274
Charge for year 827 743 740 2,310
At 31 March 2024 26,945 59,038 1,601 87,584
NET BOOK VALUE
At 31 March 2024 6,340 2,942 1,360 10,642
At 31 March 2023 7,167 3,685 2,100 12,952

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 120,367 93,399

Brothers Hair Sculpting Team Limited (Registered number: 06504582)

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

6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Other debtors 12,500 12,500

Aggregate amounts 132,867 105,899

Other debtors include £12,500 in respect of rent deposits that will not be repaid until the end of the leases.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,042 37,649
Trade creditors 48,025 41,788
Taxation and social security 73,934 75,959
Other creditors 66,876 7,377
207,877 162,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 30,815 30,362

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 98,500 98,500
Between one and five years 36,310 134,810
134,810 233,310

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdrafts 11,999 27,649
Bank loans 37,858 40,362
49,857 68,011

The Directors have provided a personal, joint and several guarantee for £102,000 to Barclays Bank plc.

Brothers Hair Sculpting Team Limited (Registered number: 06504582)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100

12. RELATED PARTY DISCLOSURES

Included in the directors' current account is £60,068 due from director, A J Buckland (2023: £34,352), £32,575 due from Mrs S B Buckland (2023: £32,575).

Included within other income in the year is interest received from the directors totalling £1,532 (2023: £1,632) in relation to interest due on the overdrawn directors loan account repayable to the Company.

During the year the Directors have provided a personal, joint and several guarantee for £102,000 to Barclays Bank plc.

Interest is currently charged at a rate of 2% per annum.

13. ULTIMATE CONTROLLING PARTY

The company was controlled during the current and previous period by its board of directors by virtue of the fact that between them they owned 100% of the ordinary share capital of the company.

Brothers Hair Sculpting Team Limited

Report of the Accountants to the Directors of
Brothers Hair Sculpting Team Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


7 November 2024