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REGISTERED NUMBER: 11979685 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WE ARE ONE HAIR & BEAUTY LTD

WE ARE ONE HAIR & BEAUTY LTD (REGISTERED NUMBER: 11979685)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WE ARE ONE HAIR & BEAUTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Miss D C Reynolds
Mr K Reynolds





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ





REGISTERED NUMBER: 11979685 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Reading
Berkshire
RG10 0RQ

WE ARE ONE HAIR & BEAUTY LTD (REGISTERED NUMBER: 11979685)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,486 22,835

CURRENT ASSETS
Debtors 5 1,877 3,352
Cash at bank 139,862 57,801
141,739 61,153
CREDITORS
Amounts falling due within one year 6 96,801 46,766
NET CURRENT ASSETS 44,938 14,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,424

37,222

CREDITORS
Amounts falling due after more than one year 7 21,594 30,833
NET ASSETS 40,830 6,389

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,730 6,289
SHAREHOLDERS' FUNDS 40,830 6,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

WE ARE ONE HAIR & BEAUTY LTD (REGISTERED NUMBER: 11979685)

BALANCE SHEET - continued
31 MAY 2024


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 26 February 2025 and were signed on its behalf by:




Mr K Reynolds - Director



Miss D C Reynolds - Director


WE ARE ONE HAIR & BEAUTY LTD (REGISTERED NUMBER: 11979685)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

We Are One Hair & Beauty 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.

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 25% on cost

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 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 50,576
Additions 899
At 31 May 2024 51,475
DEPRECIATION
At 1 June 2023 27,741
Charge for year 6,248
At 31 May 2024 33,989
NET BOOK VALUE
At 31 May 2024 17,486
At 31 May 2023 22,835

WE ARE ONE HAIR & BEAUTY LTD (REGISTERED NUMBER: 11979685)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,877 3,352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 600 -
Taxation and social security 60,114 44,941
Other creditors 36,087 1,825
96,801 46,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 21,594 30,833