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Registered Number: 13435511
England and Wales

 

 

 

SALON EUPHORIA LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Jodie Diane Dear
Registered Number 13435511
Registered Office 11-13 The Arcade, High Street
Cookham
Maidenhead
Berkshire
SL6 9TA
Accountants Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
1
Report to the director on the preparation of the unaudited statutory accounts of Salon Euphoria Ltd for the year ended 30 June 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Salon Euphoria Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Salon Euphoria Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Salon Euphoria Ltd and state those matters that we have agreed to state to the Board of Directors of Salon Euphoria Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Salon Euphoria Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Salon Euphoria Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Salon Euphoria Ltd.You consider that Salon Euphoria Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Salon Euphoria Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 30 June 2024.



....................................................
Ludlow Painter Limited
Produce House
1a Wickham Court Road
West Wickham
Kent
BR4 9LN
06 March 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 5 5,527    6,476 
5,527    6,476 
Current assets      
Stocks 6 2,200    5,877 
Debtors 7 2,491    2,505 
Cash at bank and in hand 10,044    7,172 
14,735    15,554 
Creditors: amount falling due within one year 8 (10,903)   (7,832)
Net current assets 3,832    7,722 
 
Total assets less current liabilities 9,359    14,198 
Creditors: amount falling due after more than one year 9 (3,000)   (6,000)
Net assets 6,359    8,198 
 

Capital and reserves
     
Called up share capital 10 1    1 
Profit and loss account 6,358    8,197 
Shareholders' funds 6,359    8,198 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 06 March 2025 and were signed by:


-------------------------------
Jodie Diane Dear
Director
3
General Information
Salon Euphoria Ltd is a private company, limited by shares, registered in England and Wales, registration number 13435511, registration address 11-13 The Arcade, High Street, Cookham, Maidenhead, Berkshire, SL6 9TA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2024
£
  2023
£
Administrative Expenses
Directors Remuneration 12,570    7,672 
12,570    7,672 

3.

Staff Costs

2024
£
  2023
£
Wages and salaries 14,234    10,504 
Social security costs 120   
Other staff costs 895    814 
15,249    11,318 
 
Average number of employees during the year Number   Number
 

4.

Average number of employees

Average number of employees during the year was 2 (2023 : 1).
5.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 July 2023 11,243    11,243 
Additions 893    893 
Disposals  
At 30 June 2024 12,136    12,136 
Depreciation
At 01 July 2023 4,767    4,767 
Charge for year 1,842    1,842 
On disposals  
At 30 June 2024 6,609    6,609 
Net book values
Closing balance as at 30 June 2024 5,527    5,527 
Opening balance as at 01 July 2023 6,476    6,476 


6.

Stocks

2024
£
  2023
£
Stocks 2,200    5,877 
2,200    5,877 

7.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 241    255 
241    255 

7.

Debtors: amounts falling due after one year

2024
£
  2023
£
Rent Deposit 2,250    2,250 
2,250    2,250 

8.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   294 
Bank Loans & Overdrafts (Secured) 3,000    3,000 
Corporation Tax 5,275    3,249 
PAYE & Social Security 120   
Accrued Expenses 760   
Other Creditors 1,428    1,242 
Directors Current Account 320    47 
10,903    7,832 

9.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts (secured) 3,000    6,000 
3,000    6,000 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

4