Registered number
12716681
4K Hair Studio London Ltd
Filleted Accounts
31 October 2024
4K Hair Studio London Ltd
Registered number: 12716681
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,590 2,034
Current assets
Stocks 5,590 -
Cash at bank and in hand 1,702 5,486
7,292 5,486
Creditors: amounts falling due within one year 4 (9,864) (4,635)
Net current (liabilities)/assets (2,572) 851
Total assets less current liabilities 18 2,885
Creditors: amounts falling due after more than one year 5 - (24)
Net assets 18 2,861
Capital and reserves
Called up share capital 2 2
Profit and loss account 16 2,859
Shareholders' funds 18 2,861
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Isil Tuncer
Director
Approved by the board on 26 November 2024
4K Hair Studio London Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 2,543
Additions 1,203
At 31 October 2024 3,746
Depreciation
At 1 November 2023 509
Charge for the year 647
At 31 October 2024 1,156
Net book value
At 31 October 2024 2,590
At 31 October 2023 2,034
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,875 -
Taxation and social security costs 9,889 4,345
Other creditors (2,900) 290
9,864 4,635
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 24
6 Other information
4K Hair Studio London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
86-90 Park Lane
Grosvenor House floor 0
London
W1K 7TN
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