IRIS Accounts Production v24.3.0.553 06256376 director 1.7.23 30.6.24 30.6.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062563762023-06-30062563762024-06-30062563762023-07-012024-06-30062563762022-06-30062563762022-07-012023-06-30062563762023-06-3006256376ns15:EnglandWales2023-07-012024-06-3006256376ns14:PoundSterling2023-07-012024-06-3006256376ns10:Director12023-07-012024-06-3006256376ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006256376ns10:SmallEntities2023-07-012024-06-3006256376ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006256376ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006256376ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006256376ns10:FullAccounts2023-07-012024-06-300625637612023-07-012024-06-3006256376ns10:CompanySecretary12023-07-012024-06-3006256376ns10:RegisteredOffice2023-07-012024-06-3006256376ns5:CurrentFinancialInstruments2024-06-3006256376ns5:CurrentFinancialInstruments2023-06-3006256376ns5:Non-currentFinancialInstruments2024-06-3006256376ns5:Non-currentFinancialInstruments2023-06-3006256376ns5:ShareCapital2024-06-3006256376ns5:ShareCapital2023-06-3006256376ns5:RetainedEarningsAccumulatedLosses2024-06-3006256376ns5:RetainedEarningsAccumulatedLosses2023-06-3006256376ns5:NetGoodwill2023-07-012024-06-3006256376ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3006256376ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3006256376ns5:PlantMachinery2023-07-012024-06-3006256376ns5:FurnitureFittings2023-07-012024-06-3006256376ns5:NetGoodwill2023-06-3006256376ns5:NetGoodwill2024-06-3006256376ns5:NetGoodwill2023-06-3006256376ns5:LandBuildings2023-06-3006256376ns5:PlantMachinery2023-06-3006256376ns5:FurnitureFittings2023-06-3006256376ns5:LandBuildings2023-07-012024-06-3006256376ns5:LandBuildings2024-06-3006256376ns5:PlantMachinery2024-06-3006256376ns5:FurnitureFittings2024-06-3006256376ns5:LandBuildings2023-06-3006256376ns5:PlantMachinery2023-06-3006256376ns5:FurnitureFittings2023-06-3006256376ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006256376ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3006256376ns5:Secured2024-06-3006256376ns5:Secured2023-06-30
REGISTERED NUMBER: 06256376 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BLONDE SALON LIMITED

BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLONDE SALON LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Mr B Coombes





SECRETARY: Mrs J Fox





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 06256376 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 539,682 539,496
539,682 539,496

CURRENT ASSETS
Debtors 6 29,792 20,281
Cash at bank 335 775
30,127 21,056
CREDITORS
Amounts falling due within one year 7 125,586 119,100
NET CURRENT LIABILITIES (95,459 ) (98,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,223

441,452

CREDITORS
Amounts falling due after more than one
year

8

316,989

328,774
NET ASSETS 127,234 112,678

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127,232 112,676
SHAREHOLDERS' FUNDS 127,234 112,678

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 director acknowledges his 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.

BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr B Coombes - Director


BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Blonde Salon 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 net income from supplies of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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 NIL (2023 - NIL).

BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 5,000
AMORTISATION
At 1 July 2023
and 30 June 2024 5,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 July 2023 581,180 11,563 7,620 600,363
Additions 13,218 - - 13,218
At 30 June 2024 594,398 11,563 7,620 613,581
DEPRECIATION
At 1 July 2023 46,283 9,617 4,967 60,867
Charge for year 11,883 486 663 13,032
At 30 June 2024 58,166 10,103 5,630 73,899
NET BOOK VALUE
At 30 June 2024 536,232 1,460 1,990 539,682
At 30 June 2023 534,897 1,946 2,653 539,496

£11,801 of freehold property relating to legal fees will not be allowable for capital gains tax purposes.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 29,792 20,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,754 19,754
Taxation and social security 8,100 8,150
Other creditors 97,732 91,196
125,586 119,100

BLONDE SALON LIMITED (REGISTERED NUMBER: 06256376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 309,901 319,751
Other creditors 7,088 9,023
316,989 328,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 230,885 240,735

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 329,655 339,505

10. RELATED PARTY DISCLOSURES

Included in other creditors is £93,679 (2023: £85,552) owed to the director.

Included in other debtors is £29,792 (2023: £20,281) owed from related companies.

During the year, the company entered into transactions with the following companies in which Mr B Coombes is the director and shareholder:

Coombes Hair Ltd

Blonde Salon Limited received rental income of £22,424 (2023: £20,236) during the year at the market rate. A total of £29,792 (2023: £20,281) was owed from Coombes Hair Ltd at the balance sheet date.