IRIS Accounts Production v24.3.0.553 05202501 director 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052025012022-11-30052025012023-11-30052025012022-12-012023-11-30052025012021-11-30052025012021-12-012022-11-30052025012022-11-3005202501ns15:EnglandWales2022-12-012023-11-3005202501ns14:PoundSterling2022-12-012023-11-3005202501ns10:Director12022-12-012023-11-3005202501ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005202501ns10:SmallEntities2022-12-012023-11-3005202501ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005202501ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005202501ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005202501ns10:FullAccounts2022-12-012023-11-300520250112022-12-012023-11-3005202501ns10:OrdinaryShareClass12022-12-012023-11-3005202501ns10:OrdinaryShareClass22022-12-012023-11-3005202501ns10:CompanySecretary12022-12-012023-11-3005202501ns10:RegisteredOffice2022-12-012023-11-3005202501ns5:CurrentFinancialInstruments2023-11-3005202501ns5:CurrentFinancialInstruments2022-11-3005202501ns5:Non-currentFinancialInstruments2023-11-3005202501ns5:Non-currentFinancialInstruments2022-11-3005202501ns5:ShareCapital2023-11-3005202501ns5:ShareCapital2022-11-3005202501ns5:RetainedEarningsAccumulatedLosses2023-11-3005202501ns5:RetainedEarningsAccumulatedLosses2022-11-3005202501ns5:NetGoodwill2022-12-012023-11-3005202501ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3005202501ns5:LeaseholdImprovements2022-12-012023-11-3005202501ns5:FurnitureFittings2022-12-012023-11-3005202501ns5:ComputerEquipment2022-12-012023-11-3005202501ns5:NetGoodwill2022-11-3005202501ns5:NetGoodwill2023-11-3005202501ns5:NetGoodwill2022-11-3005202501ns5:LeaseholdImprovements2022-11-3005202501ns5:FurnitureFittings2022-11-3005202501ns5:ComputerEquipment2022-11-3005202501ns5:LeaseholdImprovements2023-11-3005202501ns5:FurnitureFittings2023-11-3005202501ns5:ComputerEquipment2023-11-3005202501ns5:LeaseholdImprovements2022-11-3005202501ns5:FurnitureFittings2022-11-3005202501ns5:ComputerEquipment2022-11-3005202501ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005202501ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005202501ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-3005202501ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3005202501ns5:Non-currentFinancialInstruments2022-12-012023-11-3005202501ns5:DeferredTaxation2022-11-3005202501ns5:DeferredTaxation2022-12-012023-11-3005202501ns5:DeferredTaxation2023-11-3005202501ns10:OrdinaryShareClass12023-11-3005202501ns10:OrdinaryShareClass22023-11-3005202501ns5:RetainedEarningsAccumulatedLosses2022-11-3005202501ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 05202501 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Blu Hair and Beauty Limited

Blu Hair and Beauty Limited (Registered number: 05202501)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blu Hair and Beauty Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Miss M Oliver





SECRETARY: Mrs B Wilkins





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 05202501 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

Blu Hair and Beauty Limited (Registered number: 05202501)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,563 27,592
36,563 27,592

CURRENT ASSETS
Stocks 6 5,040 4,500
Debtors 7 14,874 -
Cash at bank and in hand 19,464 57,156
39,378 61,656
CREDITORS
Amounts falling due within one year 8 39,549 32,179
NET CURRENT (LIABILITIES)/ASSETS (171 ) 29,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,392

57,069

CREDITORS
Amounts falling due after more than one
year

9

(30,266

)

(35,476

)

PROVISIONS FOR LIABILITIES 10 (5,982 ) (4,923 )
NET ASSETS 144 16,670

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 142 16,668
SHAREHOLDERS' FUNDS 144 16,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Blu Hair and Beauty Limited (Registered number: 05202501)

Balance Sheet - continued
30 November 2023


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 21 August 2024 and were signed by:





Miss M Oliver - Director


Blu Hair and Beauty Limited (Registered number: 05202501)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Blu Hair and Beauty 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years unless in the opinion of the directors a shorter period is prudent.

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 property - Straight line over 12 years
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.


Blu Hair and Beauty Limited (Registered number: 05202501)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 38,000
AMORTISATION
At 1 December 2022
and 30 November 2023 38,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Blu Hair and Beauty Limited (Registered number: 05202501)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 88,020 96,506 9,824 194,350
Additions - 13,416 5,500 18,916
At 30 November 2023 88,020 109,922 15,324 213,266
DEPRECIATION
At 1 December 2022 84,636 79,762 2,360 166,758
Charge for year 1,519 5,436 2,990 9,945
At 30 November 2023 86,155 85,198 5,350 176,703
NET BOOK VALUE
At 30 November 2023 1,865 24,724 9,974 36,563
At 30 November 2022 3,384 16,744 7,464 27,592

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 5,040 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Director's current account 5,874 -
Prepayments and sundry debtors 9,000 -
14,874 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,167 -
Bank loan 6,210 6,210
Trade creditors 12,574 13,485
Corporation tax - 2,234
Social security and other taxes 5,174 427
VAT 3,124 1,485
Director's current account - 38
Accrued expenses 8,300 8,300
39,549 32,179

Blu Hair and Beauty Limited (Registered number: 05202501)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loan 30,266 35,476

The bank loan is a loan under HM Government Coronavirus Business Bounce Back Loan Scheme.

The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 5,982 4,923

Deferred
tax
£   
Balance at 1 December 2022 4,923
Provided during year 1,059
Balance at 30 November 2023 5,982

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1
1 B Ordinary £1 1 1
2 2

12. RESERVES
Retained
earnings
£   

At 1 December 2022 16,668
Profit for the year 6,474
Dividends (23,000 )
At 30 November 2023 142

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss M Oliver.