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Registered number: 13125326
Salon Dolly Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Revis & Co Accountancy Services Ltd
AAT
1st Floor 50 High Street
Cosham
Portsmouth
Hampshire
PO6 3AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13125326
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,239 6,173
6,239 6,173
CURRENT ASSETS
Stocks 5 7,373 5,000
Debtors 6 1,509 1,820
Cash at bank and in hand 32,609 29,144
41,491 35,964
Creditors: Amounts Falling Due Within One Year 7 (14,219 ) (17,642 )
NET CURRENT ASSETS (LIABILITIES) 27,272 18,322
TOTAL ASSETS LESS CURRENT LIABILITIES 33,511 24,495
Creditors: Amounts Falling Due After More Than One Year 8 - (5,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,185 ) (1,173 )
NET ASSETS 32,326 17,489
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 32,325 17,488
SHAREHOLDERS' FUNDS 32,326 17,489
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Mollie Warton
Director
25/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Salon Dolly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13125326 . The registered office is 2a Scratchface Lane, Havant, Hampshire, PO9 3NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% reducing balance
Computer Equipment 4-year straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 7,521 1,064 8,585
Additions 2,498 393 2,891
Disposals (2,451 ) (514 ) (2,965 )
As at 31 January 2025 7,568 943 8,511
Depreciation
As at 1 February 2024 2,187 225 2,412
Provided during the period 549 138 687
Disposals (773 ) (54 ) (827 )
As at 31 January 2025 1,963 309 2,272
Net Book Value
As at 31 January 2025 5,605 634 6,239
As at 1 February 2024 5,334 839 6,173
5. Stocks
2025 2024
£ £
Materials 7,373 5,000
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 904 308
Other taxes and social security 605 1,512
1,509 1,820
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 236 191
Bank loans and overdrafts 3,137 5,804
Corporation tax 4,259 2,881
VAT 6,493 6,622
Director's loan account 94 2,144
14,219 17,642
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 5,833
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Mollie Warton by virtue of her ownership of 100% of the issued share capital in the company.
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