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REGISTERED NUMBER: 09090055 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WILLIAM GUY HAIRDRESSING LIMITED

WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 3


WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 10,000
Tangible assets 5 14,583 15,696
14,583 25,696

Current assets
Stocks 23,000 20,000
Debtors 6 161,720 83,109
Cash at bank and in hand 1,382 502
186,102 103,611
Creditors
Amounts falling due within one year 7 141,259 94,736
Net current assets 44,843 8,875
Total assets less current liabilities 59,426 34,571

Creditors
Amounts falling due after more than one year 8 (50,746 ) (27,352 )

Provisions for liabilities 11 (2,771 ) (2,982 )
Net assets 5,909 4,237

Capital and reserves
Called up share capital 12 1 1
Retained earnings 5,908 4,236
Shareholders' funds 5,909 4,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





Mr W P Guy - Director


WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. Statutory information

William Guy Hairdressing Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09090055. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 111C Christchurch Road, Ringwood, Hampshire, BH24 3AQ.

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 amounts receivable, excluding value added tax, in respect of goods and services provided in the ordinary course of business. Turnover is recognised as soon as the goods and services have been provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 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.

WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 14 (2023 - 14 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 100,000
Amortisation
At 1 July 2023 90,000
Charge for year 10,000
At 30 June 2024 100,000
Net book value
At 30 June 2024 -
At 30 June 2023 10,000

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 July 2023 3,954 31,127 2,343 37,424
Additions 1,243 217 - 1,460
At 30 June 2024 5,197 31,344 2,343 38,884
Depreciation
At 1 July 2023 1,978 18,639 1,111 21,728
Charge for year 483 1,905 185 2,573
At 30 June 2024 2,461 20,544 1,296 24,301
Net book value
At 30 June 2024 2,736 10,800 1,047 14,583
At 30 June 2023 1,976 12,488 1,232 15,696

WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by associates 14,243 -
Directors' current accounts 147,477 83,109
161,720 83,109

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 30,108 38,520
Other loans 25,718 -
Trade creditors 12,710 6,587
Tax 9,652 17,510
Social security and other taxes 508 1,741
Pensions 635 535
VAT 29,066 26,331
Other creditors 29,712 652
Accruals and deferred income 3,150 2,860
141,259 94,736

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years - 27,352
Other loans - 1-2 years 11,986 -
Other loans - 2-5 years 38,760 -
50,746 27,352

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,500 34,500
Between one and five years - 11,400
11,500 45,900

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 27,352 57,191

All monies due to, or to become due to, HSBC UK Bank PLC are secured by way of fixed and floating charges, dated 18 August 2020, over the assets of the company.

WILLIAM GUY HAIRDRESSING LIMITED (REGISTERED NUMBER: 09090055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


11. Provisions for liabilities
2024 2023
£    £   
Deferred tax 2,771 2,982

Deferred
tax
£   
Balance at 1 July 2023 2,982
Credit to Income statement during year (211 )
Balance at 30 June 2024 2,771

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr W P Guy
Balance outstanding at start of year 83,109 92,940
Amounts advanced 147,477 108,487
Amounts repaid (83,109 ) (118,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 147,477 83,109

At the balance sheet date the Director, Mr W Guy owed the company £147,477 (2023: £83,109). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

14. Ultimate controlling party

The company is controlled by its director, Mr W Guy, who owns 100% of the issued share capital.