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REGISTERED NUMBER: 05133615 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 May 2024

for

AGENDA SALON CONCEPTS LIMITED

AGENDA SALON CONCEPTS LIMITED (REGISTERED NUMBER: 05133615)






Contents of the Financial Statements
for the year ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGENDA SALON CONCEPTS LIMITED

Company Information
for the year ended 30 May 2024







DIRECTORS: S Heaton
Mrs C Heaton





REGISTERED OFFICE: Ashcroft House South Liberty Lane
Ashton Vale
Bristol
BS3 2AH





REGISTERED NUMBER: 05133615 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

AGENDA SALON CONCEPTS LIMITED (REGISTERED NUMBER: 05133615)

Balance Sheet
30 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,270 68,873
Tangible assets 5 7,768 10,482
44,038 79,355

CURRENT ASSETS
Stocks 603,624 378,350
Debtors 6 356,820 668,477
Cash at bank 57,683 18,842
1,018,127 1,065,669
CREDITORS
Amounts falling due within one year 7 738,753 524,252
NET CURRENT ASSETS 279,374 541,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,412

620,772

CREDITORS
Amounts falling due after more than one year 8 (141,193 ) (206,534 )

PROVISIONS FOR LIABILITIES (1,476 ) (1,992 )
NET ASSETS 180,743 412,246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,643 412,146
180,743 412,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




S Heaton - Director


AGENDA SALON CONCEPTS LIMITED (REGISTERED NUMBER: 05133615)

Notes to the Financial Statements
for the year ended 30 May 2024

1. STATUTORY INFORMATION

Agenda Salon Concepts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

AGENDA SALON CONCEPTS LIMITED (REGISTERED NUMBER: 05133615)

Notes to the Financial Statements - continued
for the year ended 30 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 31 May 2023 35,000 68,810 103,810
Additions - 2,750 2,750
At 30 May 2024 35,000 71,560 106,560
AMORTISATION
At 31 May 2023 11,667 23,270 34,937
Charge for year 11,666 23,687 35,353
At 30 May 2024 23,333 46,957 70,290
NET BOOK VALUE
At 30 May 2024 11,667 24,603 36,270
At 30 May 2023 23,333 45,540 68,873

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 May 2023 48,147
Additions 985
At 30 May 2024 49,132
DEPRECIATION
At 31 May 2023 37,665
Charge for year 3,699
At 30 May 2024 41,364
NET BOOK VALUE
At 30 May 2024 7,768
At 30 May 2023 10,482

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 356,778 394,286
Other debtors 42 40,471
356,820 434,757

Amounts falling due after more than one year:
Amounts owed by group undertakings - 233,720

Aggregate amounts 356,820 668,477

AGENDA SALON CONCEPTS LIMITED (REGISTERED NUMBER: 05133615)

Notes to the Financial Statements - continued
for the year ended 30 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,820 65,487
Trade creditors 562,279 367,093
Taxation and social security 75,386 91,543
Other creditors 35,268 129
738,753 524,252

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 141,193 206,534