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REGISTERED NUMBER: SC381076 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Sine Hair & Beauty Salon Ltd

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sine Hair & Beauty Salon Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Akhter
S Ahmed





REGISTERED OFFICE: 196 Hope Street
Glasgow
G2 2UJ





REGISTERED NUMBER: SC381076 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,543 11,226

CURRENT ASSETS
Stocks 5 112,178 148,932
Debtors 6 16,197 31
Cash in hand 5,650 7,240
134,025 156,203
CREDITORS
Amounts falling due within one year 7 122,137 147,771
NET CURRENT ASSETS 11,888 8,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,431

19,658

CREDITORS
Amounts falling due after more than one
year

8

11,500

17,500
NET ASSETS 9,931 2,158

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 9,831 2,058
SHAREHOLDERS' FUNDS 9,931 2,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





M Akhter - Director


Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sine Hair & Beauty Salon Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 18,819 3,596 22,415
DEPRECIATION
At 1 July 2023 9,437 1,752 11,189
Charge for year 1,407 276 1,683
At 30 June 2024 10,844 2,028 12,872
NET BOOK VALUE
At 30 June 2024 7,975 1,568 9,543
At 30 June 2023 9,382 1,844 11,226

Sine Hair & Beauty Salon Ltd (Registered number: SC381076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 112,178 148,932

6. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
VAT - 31

Amounts falling due after more than one year:
Inter company: Areej Beauty 16,197 -

Aggregate amounts 16,197 31

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 15,330 15,783
Trade creditors 79,586 107,651
Tax 2,000 -
Social security and other taxes 2,978 1,550
VAT 3,194 -
Inter Company Areej Beauty - 899
Accrued expenses 19,049 21,888
122,137 147,771

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 11,500 17,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100