Company registration number 09719378 (England and Wales)
STACEY DEXTER HAIRDRESSING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
STACEY DEXTER HAIRDRESSING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STACEY DEXTER HAIRDRESSING LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,380
6,102
Current assets
Stocks
3,000
3,000
Debtors
4
38,496
29,288
Cash at bank and in hand
16,716
11,460
58,212
43,748
Creditors: amounts falling due within one year
5
(42,677)
(30,034)
Net current assets
15,535
13,714
Total assets less current liabilities
21,915
19,816
Creditors: amounts falling due after more than one year
6
(3,617)
(7,725)
Net assets
18,298
12,091
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
18,297
12,090
Total equity
18,298
12,091

For the financial year ended 31 August 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 February 2025
Ms S Dexter
Director
Company registration number 09719378 (England and Wales)
STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Stacey Dexter Hairdressing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1E Duffield Road, Derby, DE1 3BB. The company registration number is 09719378.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023
13,153
Additions
1,377
Disposals
(723)
At 31 August 2024
13,807
Depreciation and impairment
At 1 September 2023
7,051
Depreciation charged in the year
848
Eliminated in respect of disposals
(472)
At 31 August 2024
7,427
Carrying amount
At 31 August 2024
6,380
At 31 August 2023
6,102
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
38,496
29,288
STACEY DEXTER HAIRDRESSING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,011
3,915
Trade creditors
5,285
2,639
Corporation tax
19,285
17,417
Other taxation and social security
10,126
4,257
Other creditors
3,970
1,806
42,677
30,034
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,617
7,725
7
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
2.50
29,025
58,630
925
(50,312)
38,268
29,025
58,630
925
(50,312)
38,268
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