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REGISTERED NUMBER: 14789090 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024

FOR

NORTHALLERTON HAIR LIMITED

NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHALLERTON HAIR LIMITED

COMPANY INFORMATION
FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024







DIRECTOR: Mrs C M Adamson





REGISTERED OFFICE: 84 South Parade
Northallerton
DL7 8SJ





REGISTERED NUMBER: 14789090 (England and Wales)





ACCOUNTANTS: CP Waites
Chartered Accountants
24 St Cuthberts Way
Darlington
DL1 1GB

NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)

BALANCE SHEET
30 APRIL 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 117,995
Tangible assets 5 5,648
123,643

CURRENT ASSETS
Stocks 8,569
Debtors 6 1,331
Cash at bank and in hand 30,622
40,522
CREDITORS
Amounts falling due within one year 7 136,198
NET CURRENT LIABILITIES (95,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,967

PROVISIONS FOR LIABILITIES 8 500
NET ASSETS 27,467

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 27,367
SHAREHOLDERS' FUNDS 27,467

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)

BALANCE SHEET - continued
30 APRIL 2024


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 10 January 2025 and were signed by:





Mrs C M Adamson - Director


NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024

1. STATUTORY INFORMATION

Northallerton Hair 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 net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Goodwill, being the amount paid in connection with the acquisition of the business is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided to write off each asset evenly over its estimated useful life.

Fixtures, fittings and equipment - 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving items.

Taxation
Taxation for the period 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 period 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.

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.

Pension costs and other post-retirement benefits
The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are
charged to the profit and loss account in the period to which they relate.

NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 130,000
At 30 April 2024 130,000
AMORTISATION
Amortisation for period 12,005
At 30 April 2024 12,005
NET BOOK VALUE
At 30 April 2024 117,995

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
Additions 7,561
Disposals (348 )
At 30 April 2024 7,213
DEPRECIATION
Charge for period 1,565
At 30 April 2024 1,565
NET BOOK VALUE
At 30 April 2024 5,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 969
Prepayments and accrued income 362
1,331

NORTHALLERTON HAIR LIMITED (REGISTERED NUMBER: 14789090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 6,683
Corporation tax 9,699
Social security and other taxes 14,163
Director's loan account 104,339
Accruals and deferred income 1,314
136,198

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 500

Deferred
tax
£   
Movement 500
Balance at 30 April 2024 500

The deferred tax provision relates to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

100 Ordinary shares of £1 each were allotted at par on incorporation of the company

10. RELATED PARTY DISCLOSURES

During the period the company acquired the business trading as Saks Northallerton Hair from the director.

The goodwill of the business was acquired for £130,000 and the fixtures, fittings and equipment were acquired for £5,441.

11. ULTIMATE CONTROLLING PARTY

Mrs C M Adamson owns the entire issued share capital of the company.