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Company Registration No. 07878026 (England and Wales)
Deep Hair & Beauty Limited Unaudited accounts for the year ended 31 December 2024
Deep Hair & Beauty Limited Unaudited accounts Contents
Page
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Deep Hair & Beauty Limited Company Information for the year ended 31 December 2024
Director
Deep Shikha Sidhu
Company Number
07878026 (England and Wales)
Registered Office
44 Windermere Road Wolverhampton West Midlands WV6 9DF England
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Deep Hair & Beauty Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,959 
67,070 
Current assets
Inventories
10,000 
925 
Debtors
579 
79 
Cash at bank and in hand
3,332 
14,616 
13,911 
15,620 
Creditors: amounts falling due within one year
(32,536)
(46,298)
Net current liabilities
(18,625)
(30,678)
Total assets less current liabilities
46,334 
36,392 
Creditors: amounts falling due after more than one year
(1,500)
(5,100)
Provisions for liabilities
Deferred tax
(1,626)
(1,913)
Net assets
43,208 
29,379 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
43,108 
29,279 
Shareholders' funds
43,208 
29,379 
For the year ending 31 December 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 her 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 15 February 2025 and were signed on its behalf by
Deep Shikha Sidhu Director Company Registration No. 07878026
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Deep Hair & Beauty Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Deep Hair & Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 07878026. The registered office is 44 Windermere Road, Wolverhampton, West Midlands, WV6 9DF, 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:
Land & buildings
1% straight line
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Deep Hair & Beauty Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
60,001 
25,411 
919 
86,331 
At 31 December 2024
60,001 
25,411 
919 
86,331 
Depreciation
At 1 January 2024
3,000 
16,008 
253 
19,261 
Charge for the year
600 
1,411 
100 
2,111 
At 31 December 2024
3,600 
17,419 
353 
21,372 
Net book value
At 31 December 2024
56,401 
7,992 
566 
64,959 
At 31 December 2023
57,001 
9,403 
666 
67,070 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
500 
- 
Other debtors
79 
79 
579 
79 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,170 
9,555 
VAT
4,858 
14,115 
Taxes and social security
6,486 
7,339 
Other creditors
6,556 
2,483 
Loans from directors
49 
12,256 
Accruals
417 
550 
32,536 
46,298 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,500 
5,100 
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Deep Hair & Beauty Limited Notes to the Accounts for the year ended 31 December 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
1,626 
1,913 
2024 
2023 
£ 
£ 
Provision at start of year
1,913 
- 
(Credited)/charged to the profit and loss account
(287)
1,913 
Provision at end of year
1,626 
1,913 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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