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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
Page
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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
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HAIR BY PHILLIP LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,948 
3,244 
Current assets
Inventories
13,840 
13,500 
Debtors
2,659 
10,207 
Cash at bank and in hand
22,589 
11,128 
39,088 
34,835 
Creditors: amounts falling due within one year
(33,003)
(31,577)
Net current assets
6,085 
3,258 
Net assets
8,033 
6,502 
Capital and reserves
Called up share capital
100 
100 
Share premium
8,222 
8,222 
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
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HAIR BY PHILLIP LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
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.
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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HAIR BY PHILLIP LIMITED Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
51,224 
At 31 May 2024
51,224 
Amortisation
At 1 June 2023
51,224 
At 31 May 2024
51,224 
Net book value
At 31 May 2024
- 
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 
Additions
- 
470 
- 
- 
470 
At 31 May 2024
12,016 
4,241 
10,591 
5,744 
32,592 
Depreciation
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 
Net book value
At 31 May 2024
- 
979 
315 
654 
1,948 
At 31 May 2023
- 
1,569 
630 
1,045 
3,244 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,656 
Accrued income and prepayments
167 
158 
Other debtors
2,492 
2,393 
2,659 
10,207 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,295 
10,529 
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 
Accruals
375 
375 
33,003 
31,577 
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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).
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