2023-10-01 SC609291 2024-09-30 SC609291 2023-10-01 2024-09-30 SC609291 2023-09-30 SC609291 2022-10-01 2023-09-30 SC609291 uk-core:WithinOneYear 2023-09-30 SC609291 uk-core:WithinOneYear 2024-09-30 SC609291 uk-core:AfterOneYear 2023-09-30 SC609291 uk-core:AfterOneYear 2024-09-30 SC609291 uk-core:ShareCapital 2024-09-30 SC609291 uk-core:ShareCapital 2023-09-30 SC609291 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 SC609291 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC609291 uk-bus:Director1 2023-10-01 2024-09-30 SC609291 uk-core:PlantMachinery 2023-10-01 2024-09-30 SC609291 uk-core:FurnitureFittings 2023-10-01 2024-09-30 SC609291 uk-core:FurnitureFittings 2023-09-30 SC609291 uk-core:PlantMachinery 2023-09-30 SC609291 uk-core:PlantMachinery 2024-09-30 SC609291 uk-core:FurnitureFittings 2024-09-30 SC609291 uk-core:WithinOneYear 2024-09-30 SC609291 uk-core:WithinOneYear 2023-09-30 SC609291 uk-core:WithinOneYear 2023-10-01 2024-09-30 SC609291 uk-core:AfterOneYear uk-core:Secured 2024-09-30 SC609291 uk-core:AfterOneYear uk-core:Secured 2023-09-30 iso4217:GBP xbrli:pure SC609291 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC609291 uk-bus:FRS102 2023-10-01 2024-09-30 SC609291 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 SC609291 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Glam Hair Ltd
Registered Number:SC609291
For the year ended 30 September 2024
Scotland
Unaudited Financial Statements
2
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
3
Registered Number :
SC609291
As at 30 September 2024
Glam Hair Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
26,021
29,739
2
26,021
29,739
Current assets
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
Capital and reserves
Called up share capital
1
1
Retained earnings
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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4
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.
Registered address:
84 Walter Scott Avenue
Edinburgh
Lothian
EH16 5RL
The presentation currency is £ sterling.
1. Accounting policies
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
20% Straight line
10% Straight line
Furniture and Fittings
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 October 2023
59,173
59,173
-
2,382
-
2,382
Additions
At 30 September 2024
2,382
59,173
61,555
Provision for depreciation and impairment
At 01 October 2023
29,434
29,434
-
Charge for year
6,100
5,917
183
At 30 September 2024
35,534
35,351
183
At 30 September 2024
Net book value
2,199
23,822
26,021
At 30 September 2023
-
29,739
29,739
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5
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
£
£
Bank loans and overdraft
500
500
Taxation and social security
189
-
Other creditors
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
£
£
Bank loans and overdraft
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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