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REGISTERED NUMBER: 11079977 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 December 2024

for

Bliss & Bliss Hair Ltd

Bliss & Bliss Hair Ltd (Registered number: 11079977)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Bliss & Bliss Hair Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J S Bliss
L J Bliss





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 11079977 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bliss & Bliss Hair Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bliss & Bliss Hair Ltd for the year ended 31 December 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bliss & Bliss Hair Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bliss & Bliss Hair Ltd and state those matters that we have agreed to state to the Board of Directors of Bliss & Bliss Hair Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bliss & Bliss Hair Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bliss & Bliss Hair Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bliss & Bliss Hair Ltd. You consider that Bliss & Bliss Hair Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bliss & Bliss Hair Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


23 January 2025

Bliss & Bliss Hair Ltd (Registered number: 11079977)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,072 5,082
3,072 5,082

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 6 25,718 35,082
Cash at bank and in hand 33,244 32,205
83,962 92,287
CREDITORS
Amounts falling due within one year 7 (65,825 ) (68,311 )
NET CURRENT ASSETS 18,137 23,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,209

29,058

CREDITORS
Amounts falling due after more than
one year

8

(20,068

)

(27,335

)

PROVISIONS FOR LIABILITIES (660 ) (760 )
NET ASSETS 481 963

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 381 863
481 963

Bliss & Bliss Hair Ltd (Registered number: 11079977)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:




L J Bliss - Director



J S Bliss - Director


Bliss & Bliss Hair Ltd (Registered number: 11079977)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Bliss & Bliss Hair Ltd 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 2017, is being amortised evenly over its estimated useful life of five 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.

Goodwill is being amortised evenly over their 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.
Improvements to leasehold premises - straight line over 6 years
Fixtures and fittings - straight line over 3 years

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 Profit and Loss account, 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.


Bliss & Bliss Hair Ltd (Registered number: 11079977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 20,000
AMORTISATION
At 1 January 2024
and 31 December 2024 20,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Bliss & Bliss Hair Ltd (Registered number: 11079977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and
premises fittings Totals
£    £    £   
COST
At 1 January 2024 11,960 18,320 30,280
Additions - 1,471 1,471
Disposals - (3,265 ) (3,265 )
At 31 December 2024 11,960 16,526 28,486
DEPRECIATION
At 1 January 2024 8,636 16,562 25,198
Charge for year 1,993 1,488 3,481
Eliminated on disposal - (3,265 ) (3,265 )
At 31 December 2024 10,629 14,785 25,414
NET BOOK VALUE
At 31 December 2024 1,331 1,741 3,072
At 31 December 2023 3,324 1,758 5,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,718 35,082

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,531 7,513
Trade creditors 7,453 15,035
Taxation and social security 37,012 37,068
Other creditors 9,829 8,695
65,825 68,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 20,068 27,335

Bliss & Bliss Hair Ltd (Registered number: 11079977)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 31,599 34,848

The bank loan is secured by a fixed and floating charge over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made a loan to the directors, L Bliss and J Bliss. The loan was unsecured and repayable on demand. Interest was charged at the offical rate of interest. The maximum amount outstanding during the year was £27,789. The amount outstanding at 31 December 2024 was £16,920 (2023 - £26,667).