ALEEZAY HAIR & COSMATICS LTD Filleted Accounts Cover
ALEEZAY HAIR & COSMATICS LTD
Company No. 11827185
Information for Filing with The Registrar
31 March 2024
ALEEZAY HAIR & COSMATICS LTD Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was Cosmetics buying and selling.
Directors
The Directors who served at any time during the year were as follows:
Muhammad Farhan Sarwar
Toqeer Ahmed Suhail
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Toqeer Ahmed Suhail
Director
31 March 2024
ALEEZAY HAIR & COSMATICS LTD Balance Sheet Registrar
at
31 March 2024
Company No.
11827185
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,7571,952
1,7571,952
Current assets
Stocks
5
17,82330,659
Debtors
6
13,82722,720
Cash at bank and in hand
275
(2,205)
31,92551,174
Creditors: Amount falling due within one year
7
(126,791)
(75,351)
Net current liabilities
(94,866)
(24,177)
Total assets less current liabilities
(93,109)
(22,225)
Creditors: Amounts falling due after more than one year
8
(16,259)
(20,279)
Net liabilities
(109,368)
(42,504)
Capital and reserves
Called up share capital
11
Profit and loss account
10
(109,369)
(42,505)
Total equity
(109,368)
(42,504)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 March 2024 and signed on its behalf by:
Toqeer Ahmed Suhail
Director
31 March 2024
ALEEZAY HAIR & COSMATICS LTD Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
ALEEZAY HAIR & COSMATICS LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11827185
Its registered office is:
Its trading address is:
33 Ripon Gardens
26 Chapel Market
Illford
Islington
London
IG1 3SL
N1 9EZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
32
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
3,0003,000
At 31 March 2024
3,0003,000
Depreciation
At 1 April 2023
1,0481,048
Charge for the year
195195
At 31 March 2024
1,2431,243
Net book values
At 31 March 2024
1,7571,757
At 31 March 2023
1,952
1,952
5
Stocks
2024
2023
£
£
Finished goods
17,82330,659
17,82330,659
6
Debtors
2024
2023
£
£
Other debtors
13,8278,750
Prepayments and accrued income
-13,970
13,82722,720
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,020-
Trade creditors
18,8572,188
Taxes and social security
7,422
6,265
Other creditors
96,49166,899
Accruals and deferred income
1
(1)
126,79175,351
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
12,32516,345
Other loans
3,9343,934
16,25920,279
9
Share Capital
1 £1 Ordinary Shares held by Director/Shareholder
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
ALEEZAY HAIR & COSMATICS LTD1182718531 March 202401 April 2023false31 March 2024BTCSoftware AP Solution 2024 11.2.0111.2.01true118271852023-04-012024-03-31118271852024-03-31118271852023-03-3111827185core:WithinOneYear2024-03-3111827185core:WithinOneYear2023-03-3111827185core:AfterOneYear2024-03-3111827185core:AfterOneYear2023-03-3111827185core:ShareCapital2024-03-3111827185core:ShareCapital2023-03-3111827185core:RetainedEarningsAccumulatedLosses2024-03-3111827185core:RetainedEarningsAccumulatedLosses2023-03-3111827185countries:UnitedKingdom2023-04-012024-03-3111827185bus:RegisteredOffice2023-04-012024-03-31118271852022-04-012023-03-3111827185core:FurnitureFittingsToolsEquipment2023-04-01118271852023-04-0111827185core:FurnitureFittingsToolsEquipment2024-03-3111827185core:FurnitureFittingsToolsEquipment2023-04-012024-03-3111827185core:RetainedEarningsAccumulatedLosses2023-04-012024-03-3111827185bus:SmallEntities2023-04-012024-03-3111827185bus:FullAccounts2023-04-012024-03-3111827185bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3111827185bus:Director22023-04-012024-03-3111827185bus:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:pure