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COMPANY REGISTRATION NUMBER: 11437362
Glo Beauty and Hair Ltd
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Glo Beauty and Hair Ltd
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position and the notes to the financial statements
2
Glo Beauty and Hair Ltd
Officers and Professional Advisers
DIRECTOR
Mrs F Gill
REGISTERED OFFICE
86 Joel Street
Northwood
England
HA6 1LL
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
HSBC
60 Queen Victoria Street
London
EC4N 4TR
Glo Beauty and Hair Ltd
Statement of Financial Position
30 June 2024
2024
2023
£
£
Fixed assets
22,368
26,094
--------
--------
Current assets
3,225
3,225
Creditors: amounts falling due within one year
17,810
14,546
--------
--------
Net current liabilities
( 14,585)
( 11,321)
--------
--------
Total assets less current liabilities
7,783
14,773
Creditors: amounts falling due after more than one year
2,988
6,268
Accruals and deferred income
1,733
1,650
-------
--------
3,062
6,855
-------
--------
Capital and reserves
3,062
6,855
-------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: Nil).
2. Director's advances, credits and guarantees
The director maintains a loan account with the company. At the beginning of the year the company owed the director £4,244. During the year there were advances to the director of £13,770 and repayments of £17,407. At the reporting date the company owed the director £7,881. No interest was charged during the year and no amounts were written off.
3. Going concern
The company is reliant on the continued support of its bankers and the directors. The directors are confident that these facilities will be sufficient to meet the requirements of the company and accordingly the financial statements have been prepared on a going concern basis.
4. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than one year 18,172 18,172
Later than one year and not later than 5 years 36,516 50,422
Later than 5 years 4,266
-------- --------
54,688 72,860
-------- --------
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 January 2025 , and are signed on behalf of the board by:
Mrs F Gill
Director
Company registration number: 11437362
The company is a private company limited by shares, registered in England and Wales.