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REGISTERED NUMBER: 04533436 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Marie Hughes Hair Studio Limited

Marie Hughes Hair Studio Limited (Registered number: 04533436)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Marie Hughes Hair Studio Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Miss M Hughes





SECRETARY:





REGISTERED OFFICE: The Hair Studio
192 Pellon Lane
Halifax
West Yorkshire
HX1 5RD





REGISTERED NUMBER: 04533436 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Marie Hughes Hair Studio Limited (Registered number: 04533436)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,649 3,879

CURRENT ASSETS
Stocks 5 350 350
Debtors 6 850 861
Cash at bank and in hand 22,234 13,833
23,434 15,044
CREDITORS
Amounts falling due within one year 7 3,892 3,633
NET CURRENT ASSETS 19,542 11,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,191

15,290

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,190 15,289
SHAREHOLDERS' FUNDS 23,191 15,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 3 January 2025 and were signed by:





Miss M Hughes - Director


Marie Hughes Hair Studio Limited (Registered number: 04533436)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Marie Hughes Hair Studio 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 amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Marie Hughes Hair Studio Limited (Registered number: 04533436)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023 15,218
Additions 759
At 30 September 2024 15,977
DEPRECIATION
At 1 October 2023 11,339
Charge for year 989
At 30 September 2024 12,328
NET BOOK VALUE
At 30 September 2024 3,649
At 30 September 2023 3,879

5. STOCKS
30.9.24 30.9.23
£    £   
Stock 350 350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Prepayments 850 861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 2,479 2,457
Directors Loan Account 309 170
Accrued Expenses 1,104 1,006
3,892 3,633

8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.