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A M Hair (London) Limited

ANNUAL REPORT

YEAR ENDED 31 MAY 2024




















Company Registration Number - 5445319

















AVENET ACCOUNTANCY

IFA Accountants



1.
A M Hair (London) Limited
COMPANY NUMBER - 5445319

Balance sheet as at 31 May 2024





2024
2023

Notes
£ £ £ £
FIXED ASSETS
Intangible assets 4
12,000
12,000





Tangible assets 5
499
499





12,499
12,499

Current assets




Debtors 6 591
139

Cash at bank and in hand
56,539
51,233




57,130
51,372
Current liabilities




Creditors - Amounts
falling due within one year 7 39,694
49,121


NET CURRENT ASSETS

17,436
2,251


Total assets less current liabilities

29,935
14,750














2.
A M Hair (London) Limited
COMPANY NUMBER - 5445319

Balance sheet as at 31 May 2024





2024
2023

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 8
100
100

Profit and Loss account

29,835
14,650


Shareholders' funds

29,935
14,750



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 May 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 27 February 2025
and signed on their behalf by:




Mr A J Mirza



Director



The notes on pages 3 to 5 form an integral part of these accounts.


3.
A M Hair (London) Limited

Notes to the Financial Statements

For the year ended 31 May 2024


1. General Information

A M Hair (London) Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 5445319.


The company's registered office is 4 Namu Road, Bournemouth, Dorset, BH9 2QU.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 9.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:


Fixtures and fittings - 18% reducing balance


Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.


Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


3. Employees

The average number employed by the company (including directors) during the year 2024 was 5
and in the previous year 2023 was 5.


4.
A M Hair (London) Limited

Notes to the Financial Statements

For the year ended 31 May 2024


4. Fixed assets - intangible

Goodwill


Fair value £
At 1 June 2023 42,000
and 31 May 2024

Amortisation
At 1 June 2023 30,000

At 31 May 2024 30,000

Net book values
At 31 May 2024 12,000

At 1 June 2023 12,000


5. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £


At 1 June 2023 2,000
and 31 May 2024


Depreciation
At 1 June 2023 1,501

At 31 May 2024 1,501

Net book values
At 31 May 2024 499
At 1 June 2023 499





2024
2023


£
£
6. Debtors

Due within one year:



Trade debtors 574
139
Other debtors 17
-



591
139



Included in other debtors is an overdrawn current account in respect of .
The liability under the loan at the beginning and end of the year respectively was £ and £.
The maximum amount of the loan outstanding during the year was £.




5.
A M Hair (London) Limited

Notes to the Financial Statements

For the year ended 31 May 2024




2024
2023


£
£
7. Creditors

Amounts falling due within one year:



Bank Loan 1,431
1,990
Accruals 650
450
Taxation and social security 16,865
17,900
Director's Current Accounts -
525
Other creditors 20,748
28,256


39,694 49,121


Other creditors include the following



secured amounts 20,735
28,243

8. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 100
100



9. Impact of first year adoption of FRS102

The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.