Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05703536 Mr Gary Howe Mrs Emma Howe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05703536 2023-02-28 05703536 2024-02-29 05703536 2023-03-01 2024-02-29 05703536 frs-core:CurrentFinancialInstruments 2024-02-29 05703536 frs-core:ComputerEquipment 2024-02-29 05703536 frs-core:ComputerEquipment 2023-03-01 2024-02-29 05703536 frs-core:ComputerEquipment 2023-02-28 05703536 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 05703536 frs-core:FurnitureFittings 2024-02-29 05703536 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05703536 frs-core:FurnitureFittings 2023-02-28 05703536 frs-core:NetGoodwill 2024-02-29 05703536 frs-core:NetGoodwill 2023-03-01 2024-02-29 05703536 frs-core:NetGoodwill 2023-02-28 05703536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 05703536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 05703536 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 05703536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 05703536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 05703536 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 05703536 frs-core:OtherResidualIntangibleAssets 2024-02-29 05703536 frs-core:OtherResidualIntangibleAssets 2023-02-28 05703536 frs-core:ShareCapital 2024-02-29 05703536 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05703536 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05703536 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05703536 frs-bus:SmallEntities 2023-03-01 2024-02-29 05703536 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05703536 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05703536 frs-bus:Director1 2023-03-01 2024-02-29 05703536 frs-bus:Director2 2023-03-01 2024-02-29 05703536 frs-countries:EnglandWales 2023-03-01 2024-02-29 05703536 2022-02-28 05703536 2023-02-28 05703536 2022-03-01 2023-02-28 05703536 frs-core:CurrentFinancialInstruments 2023-02-28 05703536 frs-core:ShareCapital 2023-02-28 05703536 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05703536
Stranded Hair Group Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Annette Ferguson Scotland Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05703536
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 24,731 22,675
24,731 22,675
CURRENT ASSETS
Stocks 6 388,124 504,844
Debtors 7 247,596 170,244
Cash at bank and in hand 162,912 16,726
798,632 691,814
Creditors: Amounts Falling Due Within One Year 8 (72,434 ) (49,091 )
NET CURRENT ASSETS (LIABILITIES) 726,198 642,723
TOTAL ASSETS LESS CURRENT LIABILITIES 750,929 665,398
NET ASSETS 750,929 665,398
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 750,927 665,396
SHAREHOLDERS' FUNDS 750,929 665,398
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Howe
Director
30/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stranded Hair Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05703536 . The registered office is Unit 4a Towngate Business Centre, Walkden, Manchester, M38 0PT.
Presentation currency
The accounts are presented in £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Leasehold 20% as per Straight Line Method
Fixtures & Fittings 25% as per Reducing Balance Method
Computer Equipment 25% as per Straight Line Method
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 5)
9 5
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Page 4
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2023 286,932 21,264 308,196
As at 29 February 2024 286,932 21,264 308,196
Amortisation
As at 1 March 2023 286,932 21,264 308,196
As at 29 February 2024 286,932 21,264 308,196
Net Book Value
As at 29 February 2024 - - -
As at 1 March 2023 - - -
5. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 22,176 - 158,926 4,526 185,628
Additions - 29,260 1,166 - 30,426
As at 29 February 2024 22,176 29,260 160,092 4,526 216,054
Depreciation
As at 1 March 2023 22,176 - 136,982 3,795 162,953
Provided during the period - 22,374 5,996 - 28,370
As at 29 February 2024 22,176 22,374 142,978 3,795 191,323
Net Book Value
As at 29 February 2024 - 6,886 17,114 731 24,731
As at 1 March 2023 - - 21,944 731 22,675
6. Stocks
2024 2023
£ £
Stock 388,124 -
Finished goods - 504,844
388,124 504,844
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 113,051 129,816
Amounts owed by group undertakings (121) -
Other debtors 134,666 26,896
247,596 156,712
Due after more than one year
Amounts owed by group undertakings - 13,532
247,596 170,244
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,628 12,627
Bank loans and overdrafts 25,243 35,000
Amounts owed to group undertakings - 121
Other creditors 12,526 196
Taxation and social security 23,037 1,147
72,434 49,091
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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