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
HAIR MAJIC LTD
Company Information
for the year ended 30 June 2024
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
HAIR MAJIC LTD
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
2,231
1,611
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)
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
HAIR MAJIC LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
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
At 30 June 2024
5,042
500
5,542
At 1 July 2023
3,195
-
3,195
Charge for the year
369
100
469
At 30 June 2024
3,564
100
3,664
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
Taxes and social security
1,491
1,098
7
Creditors: amounts falling due after more than one year
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).