Registered Number:SC609291 |
For the year ended 30 September 2024
Scotland
Unaudited Financial Statements
For the year ended 30 September 2024
Glam Hair Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Glam Hair Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
26,021
29,739
2
26,021
29,739
2,021
Cash and cash equivalents |
4,819
4,819
2,021
Trade and other payables: amounts falling due within one |
year |
(15,570)
(2,135)
3
(13,549)
2,684
Net current assets
Total assets less current liabilities |
28,705
16,190
Trade and other payables: amounts falling due after more |
than one year |
(3,292)
(2,792)
4
25,913
Net assets
12,898
1
1
25,912
12,897
25,913
12,898
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mrs Grace Smithwaite Director |
These financial statements were approved and authorised for issue by the Board on 25 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 September 2024
Glam Hair Ltd
Notes to the Financial Statements
Statutory Information
Glam Hair Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC609291. |
84 Walter Scott Avenue
Edinburgh
Lothian
EH16 5RL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, 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: |
Plant and Machinery
Furniture and Fittings
2. Property, plant and equipment |
59,173
59,173
-
2,382
-
2,382
2,382
59,173
61,555
Provision for depreciation and impairment |
29,434
29,434
-
Charge for year
6,100
5,917
183
35,534
35,351
183
2,199
23,822
26,021
-
29,739
29,739
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For the year ended 30 September 2024
Glam Hair Ltd
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year |
2023
2024
500
500
Taxation and social security |
189
-
1,446
15,070
2,135
15,570
Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
4. Trade and other payables: amounts falling due after more than one year |
2023
2024
2,792
3,292
5. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 1)
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