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Registered number: 15166055
I&i Hair Salons Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15166055
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 109,755
109,755
CURRENT ASSETS
Debtors 5 28,456
Cash at bank and in hand 9,064
37,520
NET CURRENT ASSETS (LIABILITIES) 37,520
TOTAL ASSETS LESS CURRENT LIABILITIES 147,275
Creditors: Amounts Falling Due After More Than One Year 6 (191,745 )
NET LIABILITIES (44,470 )
CAPITAL AND RESERVES
Called up share capital 7 2
Profit and Loss Account (44,472 )
SHAREHOLDERS' FUNDS (44,470)
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ivan Kozhevnikov
Director
23/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
I&i Hair Salons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15166055 . The registered office is Unit 4, Adriatic Building, Narrow Street, London, E14 8DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Fixtures & Fittings 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2
2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 26 September 2023 - - - -
Additions 96,989 10,638 4,732 112,359
As at 30 September 2024 96,989 10,638 4,732 112,359
Depreciation
As at 26 September 2023 - - - -
Provided during the period 1,616 709 279 2,604
As at 30 September 2024 1,616 709 279 2,604
Net Book Value
As at 30 September 2024 95,373 9,929 4,453 109,755
As at 26 September 2023 - - - -
Page 2
Page 3
5. Debtors
2024
£
Due within one year
Trade debtors (103 )
VAT 24,059
23,956
Due after more than one year
Other debtors 4,500
28,456
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Directors loan account 191,745
7. Share Capital
2024
£
Allotted, Called up and fully paid 2
Page 3