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REGISTERED NUMBER: 03935163 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HOLGA LIMITED

HOLGA LIMITED (REGISTERED NUMBER: 03935163)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HOLGA LIMITED (REGISTERED NUMBER: 03935163)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 257 287
257 287

CURRENT ASSETS
Stocks 1,346 1,582
Debtors 827 2,399
Cash at bank 58,944 67,215
61,117 71,196
CREDITORS
Amounts falling due within one year 13,370 13,215
NET CURRENT ASSETS 47,747 57,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,004

58,268

CAPITAL AND RESERVES
Called up share capital 35 35
Capital redemption reserve 65 65
Retained earnings 47,904 58,168
SHAREHOLDERS' FUNDS 48,004 58,268

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 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.

HOLGA LIMITED (REGISTERED NUMBER: 03935163)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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. K. P. Smith - Director


HOLGA LIMITED (REGISTERED NUMBER: 03935163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Holga Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03935163

Registered office: 9 Nelson Terrace
Stockton-on-Tees
TS18 1NT

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 sale of goods and services relating to hairdressing activities, together with income receivable in respect of rent-a-chair.

Goodwill
Goodwill is being amortised on a straight line basis over its estimated useful life of twenty 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.
Improvements to leasehold property - 5% to 10% straight line
Fixtures, fittings and equipment - 5% to 20% 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.

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.


HOLGA LIMITED (REGISTERED NUMBER: 03935163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Government grants
Government grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2023
and 31 March 2024 113,587
AMORTISATION
At 1 April 2023
and 31 March 2024 113,587
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

HOLGA LIMITED (REGISTERED NUMBER: 03935163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 April 2023
and 31 March 2024 46,216
DEPRECIATION
At 1 April 2023 45,929
Charge for year 30
At 31 March 2024 45,959
NET BOOK VALUE
At 31 March 2024 257
At 31 March 2023 287

6. LEASING AGREEMENTS

At the balance sheet date, the company had financial commitments under non-cancellable operating leases totalling £13,500.