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Company Registration No. 10166158 (England and Wales)
Love is in the Hair Limited Unaudited accounts for the year ended 31 May 2024
Love is in the Hair Limited Unaudited accounts Contents
Page
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Love is in the Hair Limited Company Information for the year ended 31 May 2024
Director
Lindsey James
Company Number
10166158 (England and Wales)
Registered Office
Love Is In The Hair The Granary Horsham Park Horsham West Sussex RH12 1RJ England
Accountants
Nicola Grobety (MAAT) Longwood Business Support Ltd 16 Longwood View Crawley West Sussex RH10 6PB
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Love is in the Hair Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,554 
6,016 
Current assets
Debtors
18,400 
83,529 
Cash at bank and in hand
7,601 
11,433 
26,001 
94,962 
Creditors: amounts falling due within one year
(10,122)
(64,098)
Net current assets
15,879 
30,864 
Total assets less current liabilities
20,433 
36,880 
Provisions for liabilities
Deferred tax
(820)
- 
Net assets
19,613 
36,880 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
19,612 
36,879 
Shareholders' funds
19,613 
36,880 
For the year ending 31 May 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 his 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 9 February 2025 and were signed on its behalf by
Lindsey James Director Company Registration No. 10166158
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Love is in the Hair Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Love is in the Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 10166158. The registered office is Love Is In The Hair, The Granary, Horsham Park, Horsham, West Sussex, RH12 1RJ, 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:
Plant & machinery
Over 4 Years
Fixtures & fittings
Over 10 years
Computer equipment
Over 4 Years
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Love is in the Hair Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
850 
9,996 
3,683 
2,664 
17,193 
Additions
- 
942 
- 
- 
942 
Disposals
(850)
- 
- 
- 
(850)
At 31 May 2024
- 
10,938 
3,683 
2,664 
17,285 
Depreciation
At 1 June 2023
- 
8,478 
368 
2,331 
11,177 
Charge for the year
- 
1,075 
368 
111 
1,554 
At 31 May 2024
- 
9,553 
736 
2,442 
12,731 
Net book value
At 31 May 2024
- 
1,385 
2,947 
222 
4,554 
At 31 May 2023
850 
1,518 
3,315 
333 
6,016 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,471 
Other debtors
18,400 
81,058 
18,400 
83,529 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,524 
4,484 
Trade creditors
63 
2,456 
Taxes and social security
4,462 
7,592 
Other creditors
696 
25,608 
Loans from directors
- 
23,958 
Accruals
2,377 
- 
10,122 
64,098 
7
Average number of employees
During the year the average number of employees was 6 (2023: 5).
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