2023-07-012024-06-302024-06-30false14303984THE PARK HAIR STUDIO LTD2024-11-11iso4217:GBPxbrli:pure143039842023-07-01143039842024-06-30143039842023-07-012024-06-30143039842022-08-18143039842023-06-30143039842022-08-182023-06-3014303984bus:SmallEntities2023-07-012024-06-3014303984bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3014303984bus:FullAccounts2023-07-012024-06-3014303984bus:PrivateLimitedCompanyLtd2023-07-012024-06-3014303984core:WithinOneYear2024-06-3014303984core:AfterOneYear2024-06-3014303984core:WithinOneYear2023-06-3014303984core:AfterOneYear2023-06-3014303984core:ShareCapital2024-06-3014303984core:SharePremium2024-06-3014303984core:RevaluationReserve2024-06-3014303984core:OtherReservesSubtotal2024-06-3014303984core:RetainedEarningsAccumulatedLosses2024-06-3014303984core:ShareCapital2023-06-3014303984core:SharePremium2023-06-3014303984core:RevaluationReserve2023-06-3014303984core:OtherReservesSubtotal2023-06-3014303984core:RetainedEarningsAccumulatedLosses2023-06-3014303984core:LandBuildings2024-06-3014303984core:PlantMachinery2024-06-3014303984core:Vehicles2024-06-3014303984core:FurnitureFittings2024-06-3014303984core:OfficeEquipment2024-06-3014303984core:NetGoodwill2024-06-3014303984core:IntangibleAssetsOtherThanGoodwill2024-06-3014303984core:ListedExchangeTraded2024-06-3014303984core:UnlistedNon-exchangeTraded2024-06-3014303984core:LandBuildings2023-06-3014303984core:PlantMachinery2023-06-3014303984core:Vehicles2023-06-3014303984core:FurnitureFittings2023-06-3014303984core:OfficeEquipment2023-06-3014303984core:NetGoodwill2023-06-3014303984core:IntangibleAssetsOtherThanGoodwill2023-06-3014303984core:ListedExchangeTraded2023-06-3014303984core:UnlistedNon-exchangeTraded2023-06-3014303984core:LandBuildings2023-07-012024-06-3014303984core:PlantMachinery2023-07-012024-06-3014303984core:Vehicles2023-07-012024-06-3014303984core:FurnitureFittings2023-07-012024-06-3014303984core:OfficeEquipment2023-07-012024-06-3014303984core:NetGoodwill2023-07-012024-06-3014303984core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3014303984core:ListedExchangeTraded2023-07-012024-06-3014303984core:UnlistedNon-exchangeTraded2023-07-012024-06-3014303984core:MoreThanFiveYears2023-07-012024-06-3014303984core:Non-currentFinancialInstruments2024-06-3014303984core:Non-currentFinancialInstruments2023-06-3014303984dpl:CostSales2023-07-012024-06-3014303984dpl:DistributionCosts2023-07-012024-06-3014303984core:LandBuildings2023-07-012024-06-3014303984core:PlantMachinery2023-07-012024-06-3014303984core:Vehicles2023-07-012024-06-3014303984core:FurnitureFittings2023-07-012024-06-3014303984core:OfficeEquipment2023-07-012024-06-3014303984dpl:AdministrativeExpenses2023-07-012024-06-3014303984core:NetGoodwill2023-07-012024-06-3014303984core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3014303984dpl:GroupUndertakings2023-07-012024-06-3014303984dpl:ParticipatingInterests2023-07-012024-06-3014303984dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3014303984core:ListedExchangeTraded2023-07-012024-06-3014303984dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3014303984core:UnlistedNon-exchangeTraded2023-07-012024-06-3014303984dpl:CostSales2022-08-182023-06-3014303984dpl:DistributionCosts2022-08-182023-06-3014303984core:LandBuildings2022-08-182023-06-3014303984core:PlantMachinery2022-08-182023-06-3014303984core:Vehicles2022-08-182023-06-3014303984core:FurnitureFittings2022-08-182023-06-3014303984core:OfficeEquipment2022-08-182023-06-3014303984dpl:AdministrativeExpenses2022-08-182023-06-3014303984core:NetGoodwill2022-08-182023-06-3014303984core:IntangibleAssetsOtherThanGoodwill2022-08-182023-06-3014303984dpl:GroupUndertakings2022-08-182023-06-3014303984dpl:ParticipatingInterests2022-08-182023-06-3014303984dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-182023-06-3014303984core:ListedExchangeTraded2022-08-182023-06-3014303984dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-182023-06-3014303984core:UnlistedNon-exchangeTraded2022-08-182023-06-3014303984core:NetGoodwill2024-06-3014303984core:IntangibleAssetsOtherThanGoodwill2024-06-3014303984core:LandBuildings2024-06-3014303984core:PlantMachinery2024-06-3014303984core:Vehicles2024-06-3014303984core:FurnitureFittings2024-06-3014303984core:OfficeEquipment2024-06-3014303984core:AfterOneYear2024-06-3014303984core:WithinOneYear2024-06-3014303984core:ListedExchangeTraded2024-06-3014303984core:UnlistedNon-exchangeTraded2024-06-3014303984core:ShareCapital2024-06-3014303984core:SharePremium2024-06-3014303984core:RevaluationReserve2024-06-3014303984core:OtherReservesSubtotal2024-06-3014303984core:RetainedEarningsAccumulatedLosses2024-06-3014303984core:NetGoodwill2023-06-3014303984core:IntangibleAssetsOtherThanGoodwill2023-06-3014303984core:LandBuildings2023-06-3014303984core:PlantMachinery2023-06-3014303984core:Vehicles2023-06-3014303984core:FurnitureFittings2023-06-3014303984core:OfficeEquipment2023-06-3014303984core:AfterOneYear2023-06-3014303984core:WithinOneYear2023-06-3014303984core:ListedExchange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THE PARK HAIR STUDIO LTD

Registered Number
14303984
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

THE PARK HAIR STUDIO LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

RADAGE, Adam Benjamin

Registered Address

38 Badger Vale
Wollaton
Nottingham
NG8 2FH

Registered Number

14303984 (England and Wales)
THE PARK HAIR STUDIO LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets311,070-
Tangible assets420,776-
31,846-
Current assets
Stocks57,250-
Debtors-1
Cash at bank and on hand4,818-
12,0681
Creditors amounts falling due within one year6(35,744)-
Net current assets (liabilities)(23,676)1
Total assets less current liabilities8,1701
Creditors amounts falling due after one year7(3,586)-
Net assets4,5841
Capital and reserves
Called up share capital11
Profit and loss account4,583-
Shareholders' funds4,5841
The financial statements were approved and authorised for issue by the Director on 11 November 2024, and are signed on its behalf by:
RADAGE, Adam Benjamin
Director
Registered Company No. 14303984
THE PARK HAIR STUDIO LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation in calculated on the useful life of the goodwill of 10 years.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
During the year interest free loans were made available to the business by directors of £1,194 (2023: £nil).
2.Average number of employees

20242023
Average number of employees during the year31
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions12,30012,300
At 30 June 2412,30012,300
Amortisation and impairment
Charge for year1,2301,230
At 30 June 241,2301,230
Net book value
At 30 June 2411,07011,070
At 30 June 23--
4.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions25,65525,655
At 30 June 2425,65525,655
Depreciation and impairment
Charge for year4,8794,879
At 30 June 244,8794,879
Net book value
At 30 June 2420,77620,776
At 30 June 23--
5.Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2024

2023

££
Raw materials and consumables7,250-
Total7,250-
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,149-
Bank borrowings and overdrafts808-
Amounts owed to related parties16,694-
Taxation and social security10,093-
Total35,744-
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts3,586-
Total3,586-