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REGISTERED NUMBER: 04853042 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Cream Hairdressing Ltd

Cream Hairdressing Ltd (Registered number: 04853042)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cream Hairdressing Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S C Smurthwaite





SECRETARY:





REGISTERED OFFICE: c/o Trio Accountancy Services
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW





REGISTERED NUMBER: 04853042 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Cream Hairdressing Ltd (Registered number: 04853042)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,383 13,307
11,383 13,307

CURRENT ASSETS
Stocks 7,151 9,150
Debtors 6 11,236 34,845
Cash at bank and in hand 21,907 4,326
40,294 48,321
CREDITORS
Amounts falling due within one year 7 51,216 61,514
NET CURRENT LIABILITIES (10,922 ) (13,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

461

114

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 361 14
SHAREHOLDERS' FUNDS 461 114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 13 November 2024 and were signed by:



S C Smurthwaite - Director


Cream Hairdressing Ltd (Registered number: 04853042)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Cream Hairdressing Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% 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.

Cream Hairdressing Ltd (Registered number: 04853042)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,000
AMORTISATION
At 1 September 2023
and 31 August 2024 100,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 114,421 105,326 181,629 27,394 428,770
DEPRECIATION
At 1 September 2023 106,776 104,784 177,815 26,088 415,463
Charge for year 764 135 763 262 1,924
At 31 August 2024 107,540 104,919 178,578 26,350 417,387
NET BOOK VALUE
At 31 August 2024 6,881 407 3,051 1,044 11,383
At 31 August 2023 7,645 542 3,814 1,306 13,307

Cream Hairdressing Ltd (Registered number: 04853042)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors - 7,682
Directors' current accounts 1,680 16,720
Prepayments and accrued income 4,015 3,678
5,695 28,080

Amounts falling due after more than one year:
Tax 5,541 6,765

Aggregate amounts 11,236 34,845

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 18,333 32,712
Trade creditors 9,628 7,828
Tax 7,101 5,660
Social security and other taxes 1,105 2,362
VAT 13,259 11,132
Other creditors - 520
Accrued expenses 1,790 1,300
51,216 61,514

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
S C Smurthwaite
Balance outstanding at start of year 16,720 8,173
Amounts advanced 12,960 14,947
Amounts repaid (28,000 ) (6,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,680 16,720

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S C Smurthwaite.