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Company Registration No. 11153450 (England and Wales)
WANT HAIR LTD Unaudited accounts for the year ended 31 January 2024
WANT HAIR LTD Unaudited accounts Contents
Page
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WANT HAIR LTD Company Information for the year ended 31 January 2024
Director
Ikthsham ISRAIL
Company Number
11153450 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WANT HAIR LTD for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WANT HAIR LTD for the year ended 31 January 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 31 October 2024
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WANT HAIR LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,120 
10,483 
Current assets
Debtors
100 
100 
Cash at bank and in hand
453,505 
372,452 
453,605 
372,552 
Creditors: amounts falling due within one year
(223,719)
(70,250)
Net current assets
229,886 
302,302 
Total assets less current liabilities
238,006 
312,785 
Creditors: amounts falling due after more than one year
(21,496)
(24,607)
Net assets
216,510 
288,178 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
216,410 
288,078 
Shareholders' funds
216,510 
288,178 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 31 October 2024 and were signed on its behalf by
Ikthsham ISRAIL Director Company Registration No. 11153450
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WANT HAIR LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
WANT HAIR LTD is a private company, limited by shares, registered in England and Wales, registration number 11153450. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
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
20% reducing balance method.
Computer equipment
25% reducing balance method.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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WANT HAIR LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
20,150 
7,099 
27,249 
At 31 January 2024
20,150 
7,099 
27,249 
Depreciation
At 1 February 2023
14,992 
1,774 
16,766 
Charge for the year
1,032 
1,331 
2,363 
At 31 January 2024
16,024 
3,105 
19,129 
Net book value
At 31 January 2024
4,126 
3,994 
8,120 
At 31 January 2023
5,158 
5,325 
10,483 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
100,000 
- 
Taxes and social security
123,719 
65,250 
Loans from directors
- 
5,000 
223,719 
70,250 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,496 
24,607 
8
Average number of employees
During the year the average number of employees was 19 (2023: 10).
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