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Company Registration No. 07659263 (England and Wales)
Hairspray (Wales) Limited Unaudited accounts for the year ended 30 June 2024
Hairspray (Wales) Limited Unaudited accounts Contents
Page
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Hairspray (Wales) Limited Company Information for the year ended 30 June 2024
Director
S A Oliver
Company Number
07659263 (England and Wales)
Registered Office
VENTA HOUSE 9A PORT ROAD MAESGLAS RETAIL PARK NEWPORT NP20 2NS WALES
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hairspray (Wales) Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hairspray (Wales) Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 17 February 2025
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Hairspray (Wales) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
934 
Current assets
Inventories
1,000 
1,500 
Debtors
1,027 
667 
Cash at bank and in hand
2,994 
2,894 
5,021 
5,061 
Creditors: amounts falling due within one year
(764)
- 
Net current assets
4,257 
5,061 
Total assets less current liabilities
4,257 
5,995 
Provisions for liabilities
Deferred tax
- 
(177)
Net assets
4,257 
5,818 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
4,255 
5,816 
Shareholders' funds
4,257 
5,818 
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 17 February 2025 and were signed on its behalf by
S A Oliver Director Company Registration No. 07659263
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Hairspray (Wales) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hairspray (Wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 07659263. The registered office is VENTA HOUSE 9A PORT ROAD, MAESGLAS RETAIL PARK, NEWPORT, NP20 2NS, WALES.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hairspray (Wales) Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
7,251 
At 30 June 2024
7,251 
Depreciation
At 1 July 2023
6,317 
Charge for the year
934 
At 30 June 2024
7,251 
Net book value
At 30 June 2024
- 
At 30 June 2023
934 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
1,000 
1,500 
1,000 
1,500 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
1,027 
667 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
764 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S A Oliver
loan advance during the financial year
665 
361 
- 
1,026 
665 
361 
- 
1,026 
The balance represents an interest free loan that is repayable to the company upon demand.
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Hairspray (Wales) Limited Notes to the Accounts for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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