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Company Registration No. 07284342 (England and Wales)
HAIR MAJIC LTD Unaudited accounts for the year ended 30 June 2024
HAIR MAJIC LTD Unaudited accounts Contents
Page
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HAIR MAJIC LTD Company Information for the year ended 30 June 2024
Director
J Timmis
Company Number
07284342 (England and Wales)
Registered Office
166 West Way STAFFORD ST17 9YF
Accountants
Paul Roscoe & Co accountants & business advisers Heath House Cheadle Road UTTOXETER ST14 7BY
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HAIR MAJIC LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,878 
- 
Current assets
Inventories
1,218 
3,595 
Cash at bank and in hand
2,231 
1,611 
3,449 
5,206 
Creditors: amounts falling due within one year
(2,635)
(4,508)
Net current assets
814 
698 
Total assets less current liabilities
2,692 
698 
Creditors: amounts falling due after more than one year
(500)
(399)
Net assets
2,192 
299 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,191 
298 
Shareholders' funds
2,192 
299 
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 February 2025 and were signed on its behalf by
J Timmis Director Company Registration No. 07284342
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HAIR MAJIC LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
HAIR MAJIC LTD is a private company, limited by shares, registered in England and Wales, registration number 07284342. The registered office is 166 West Way, STAFFORD, ST17 9YF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
8,500 
At 30 June 2024
8,500 
Amortisation
At 1 July 2023
8,500 
At 30 June 2024
8,500 
Net book value
At 30 June 2024
- 
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HAIR MAJIC LTD Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
3,195 
- 
3,195 
Additions
1,847 
500 
2,347 
At 30 June 2024
5,042 
500 
5,542 
Depreciation
At 1 July 2023
3,195 
- 
3,195 
Charge for the year
369 
100 
469 
At 30 June 2024
3,564 
100 
3,664 
Net book value
At 30 June 2024
1,478 
400 
1,878 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
500 
2,769 
Trade creditors
423 
420 
Taxes and social security
1,491 
1,098 
Other creditors
221 
221 
2,635 
4,508 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
500 
399 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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