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Registration number: 12201601

Scarlett Olivia Salon Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2024

 

Scarlett Olivia Salon Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

Scarlett Olivia Salon Ltd

Company Information

Director

Miss S O Brimble

Registered office

Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

Accountants

Ross + Partners
Chartered Certified Accountants
Suite 1B1 Argyle House
Northside
Joel Street
Northwood Hills
HA6 1NW

 

Scarlett Olivia Salon Ltd

(Registration number: 12201601)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Stocks

-

1,775

Debtors

 

16,183

-

Bank current account 1

 

1,545

57,049

 

17,728

58,824

Creditors: Amounts falling due within one year

(161)

(12,314)

Total assets less current liabilities

 

17,567

46,510

Creditors: Amounts falling due after more than one year

-

(9,667)

Accruals and deferred income

 

-

(3,480)

Net assets

 

17,567

33,363

Capital and reserves

 

Called up share capital

3

1,000

1,000

Retained earnings

16,567

32,363

Shareholders' funds

 

17,567

33,363

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 9 February 2025
 

 

Scarlett Olivia Salon Ltd

(Registration number: 12201601)
Abridged Balance Sheet as at 30 September 2024

.........................................
Miss S O Brimble
Director

 

Scarlett Olivia Salon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Scarlett Olivia Salon Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

3

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £10 each

100

1,000

100

1,000