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Company Registration No. 11445603 (England and Wales)
Matthew Grant Hairdressing Ltd Unaudited accounts for the year ended 31 July 2024
Matthew Grant Hairdressing Ltd Company Information for the year ended 31 July 2024
Directors
Matthew Grant Danielle Grant
Company Number
11445603 (England and Wales)
Registered Office
24 High Street Banbury OX16 5EG
Accountants
gHawk Accounting Ltd F61 Cherwell Business Village Southam Road Banbury Oxfordshire OX16 2SP
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Matthew Grant Hairdressing Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
17,047 
17,047 
Tangible assets
39,801 
45,750 
56,848 
62,797 
Current assets
Debtors
- 
2,850 
Cash at bank and in hand
58,645 
47,554 
58,645 
50,404 
Creditors: amounts falling due within one year
(62,232)
(46,007)
Net current (liabilities)/assets
(3,587)
4,397 
Net assets
53,261 
67,194 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
53,161 
67,094 
Shareholders' funds
53,261 
67,194 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by
Matthew Grant Director Company Registration No. 11445603
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Matthew Grant Hairdressing Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Matthew Grant Hairdressing Ltd is a private company, limited by shares, registered in England and Wales, registration number 11445603. The registered office is 24 High Street, Banbury, OX16 5EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% Straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Matthew Grant Hairdressing Ltd Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 August 2023
14,999 
2,048 
17,047 
At 31 July 2024
14,999 
2,048 
17,047 
Amortisation
At 1 August 2023
- 
- 
- 
At 31 July 2024
- 
- 
- 
Net book value
At 31 July 2024
14,999 
2,048 
17,047 
At 31 July 2023
14,999 
2,048 
17,047 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
88,655 
2,571 
91,226 
Additions
1,583 
- 
1,583 
At 31 July 2024
90,238 
2,571 
92,809 
Depreciation
At 1 August 2023
44,432 
1,044 
45,476 
Charge for the year
6,674 
858 
7,532 
At 31 July 2024
51,106 
1,902 
53,008 
Net book value
At 31 July 2024
39,132 
669 
39,801 
At 31 July 2023
44,223 
1,527 
45,750 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
2,850 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
22,089 
16,858 
Trade creditors
6,199 
6,448 
Taxes and social security
33,667 
21,259 
Other creditors
82 
1,119 
Loans from directors
195 
323 
62,232 
46,007 
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Matthew Grant Hairdressing Ltd Notes to the Accounts for the year ended 31 July 2024
8
Average number of employees
During the year the average number of employees was 14 (2023: 14).
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