Company Registration No. 06237088 (England and Wales)
HAIR BY PHILLIP LIMITED
Unaudited accounts
for the year ended 31 May 2024
HAIR BY PHILLIP LIMITED
Unaudited accounts
Contents
HAIR BY PHILLIP LIMITED
Company Information
for the year ended 31 May 2024
Directors
GEMMA MILES
SARAH BINNS
Company Number
06237088 (England and Wales)
Registered Office
55 HIGH STREET
STOTFOLD
HITCHIN
HERTS
SG5 1DR
Accountants
NUMBER CRUNCHING LTD
UNIT 5
FEN END
STOTFOLD
HERTS
SG5 4BA
HAIR BY PHILLIP LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
1,948
3,244
Cash at bank and in hand
22,589
11,128
Creditors: amounts falling due within one year
(33,003)
(31,577)
Net current assets
6,085
3,258
Called up share capital
100
100
Profit and loss account
(289)
(1,820)
Shareholders' funds
8,033
6,502
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 directors acknowledge their 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 of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
SARAH BINNS
Director
Company Registration No. 06237088
HAIR BY PHILLIP LIMITED
Notes to the Accounts
for the year ended 31 May 2024
HAIR BY PHILLIP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06237088. The registered office is 55 HIGH STREET, STOTFOLD, HITCHIN, HERTS, SG5 1DR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
HAIR BY PHILLIP LIMITED
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
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
12,016
3,771
10,591
5,744
32,122
At 31 May 2024
12,016
4,241
10,591
5,744
32,592
At 1 June 2023
12,016
2,202
9,961
4,699
28,878
Charge for the year
-
1,060
315
391
1,766
At 31 May 2024
12,016
3,262
10,276
5,090
30,644
At 31 May 2024
-
979
315
654
1,948
At 31 May 2023
-
1,569
630
1,045
3,244
Amounts falling due within one year
Accrued income and prepayments
167
158
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,130
11,858
Taxes and social security
-
1,320
Other creditors
3,894
2,186
Loans from directors
5,309
5,309
HAIR BY PHILLIP LIMITED
Notes to the Accounts
for the year ended 31 May 2024
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).