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REGISTERED NUMBER: 04967385 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SHIMMERS HAIR LIMITED

SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIMMERS HAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L Webster





REGISTERED OFFICE: 2 Hunters Chase
Billinge
Wigan
Cheshire
WN5 7HZ





REGISTERED NUMBER: 04967385 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3 122
3 122

CURRENT ASSETS
Stocks 1,000 600
Debtors 6 607 6,651
Cash at bank 50,700 42,925
52,307 50,176
CREDITORS
Amounts falling due within one year 7 18,597 12,053
NET CURRENT ASSETS 33,710 38,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,713

38,245

CREDITORS
Amounts falling due after more than one
year

8

6,862

10,475
NET ASSETS 26,851 27,770

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,751 27,670
SHAREHOLDERS' FUNDS 26,851 27,770

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the director and authorised for issue on 24 February 2025 and were signed by:





L Webster - Director


SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)

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

1. STATUTORY INFORMATION

Shimmers Hair Limited 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 represents net invoiced sales of goods/services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the incorporation of the business in 2004, is being amortised evenly over its estimated useful life of 10 years from 1 April 2006.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,500
AMORTISATION
At 1 April 2023
and 31 March 2024 2,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 6,788 19,312 26,100
DEPRECIATION
At 1 April 2023 6,788 19,190 25,978
Charge for year - 119 119
At 31 March 2024 6,788 19,309 26,097
NET BOOK VALUE
At 31 March 2024 - 3 3
At 31 March 2023 - 122 122

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 607 6,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,613 3,524
Taxation and social security 5,665 5,585
Other creditors 9,319 2,944
18,597 12,053

SHIMMERS HAIR LIMITED (REGISTERED NUMBER: 04967385)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,862 10,475

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has a loan account with the company at the 31st March 2024 ,the balance owed by the company to the director was £6217 ( 2023 balance owed to the company £6359). No interest is charged or paid on the loan account.