Registered number
04631589
Elliots for Hair Limited
Filleted Accounts
31 January 2025
Elliots for Hair Limited
Registered number: 04631589
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 15,053 17,139
Current assets
Stocks 335 350
Debtors 5 4,206 4,937
Cash at bank and in hand 487 905
5,028 6,192
Creditors: amounts falling due within one year 6 (5,135) (3,815)
Net current (liabilities)/assets (107) 2,377
Total assets less current liabilities 14,946 19,516
Creditors: amounts falling due after more than one year 7 (14,498) (18,400)
Provisions for liabilities (256) (319)
Net assets 192 797
Capital and reserves
Called up share capital 1 1
Profit and loss account 191 796
Shareholder's funds 192 797
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Karen Hall
Director
Approved by the board on 8 April 2025
Elliots for Hair Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment & Fittings 20% reducing balance
Property Improvements 10% straight line
Office equipment Over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 7,500
At 31 January 2025 7,500
Amortisation
At 1 February 2024 7,500
At 31 January 2025 7,500
Net book value
At 31 January 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Equipment and Fittings Office Equipment Property Improvements Total
£ £ £ £
Cost
At 1 February 2024 6,259 2,352 17,500 26,111
At 31 January 2025 6,259 2,352 17,500 26,111
Depreciation
At 1 February 2024 4,578 2,352 2,042 8,972
Charge for the year 336 - 1,750 2,086
At 31 January 2025 4,914 2,352 3,792 11,058
Net book value
At 31 January 2025 1,345 - 13,708 15,053
At 31 January 2024 1,681 - 15,458 17,139
5 Debtors 2025 2024
£ £
Other debtors 4,206 4,937
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 4,365 3,115
Other creditors 770 700
5,135 3,815
7 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 14,498 18,400
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs Karen Hall
Unsecured, interest-free and repayable on demand 4,937 4,206 (4,937) 4,206
4,937 4,206 (4,937) 4,206
9 Other information
Elliots for Hair Limited is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
Elliots for Hair Limited 04631589 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts July 2024 Mrs Karen Hall No description of principal activity 04631589 2023-02-01 2024-01-31 04631589 core:WithinOneYear 2024-01-31 04631589 core:AfterOneYear 2024-01-31 04631589 core:ShareCapital 2024-01-31 04631589 core:RetainedEarningsAccumulatedLosses 2024-01-31 04631589 2024-02-01 2025-01-31 04631589 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04631589 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04631589 bus:Director40 2024-02-01 2025-01-31 04631589 core:LandBuildings 2024-02-01 2025-01-31 04631589 core:PlantMachinery 2024-02-01 2025-01-31 04631589 core:Vehicles 2024-02-01 2025-01-31 04631589 bus:Director1 2024-02-01 2025-01-31 04631589 bus:Director1 1 2024-02-01 2025-01-31 04631589 countries:England 2024-02-01 2025-01-31 04631589 bus:FRS102 2024-02-01 2025-01-31 04631589 bus:FilletedAccounts 2024-02-01 2025-01-31 04631589 2025-01-31 04631589 core:WithinOneYear 2025-01-31 04631589 core:AfterOneYear 2025-01-31 04631589 core:ShareCapital 2025-01-31 04631589 core:RetainedEarningsAccumulatedLosses 2025-01-31 04631589 core:Goodwill 2025-01-31 04631589 core:LandBuildings 2025-01-31 04631589 core:PlantMachinery 2025-01-31 04631589 core:Vehicles 2025-01-31 04631589 bus:Director1 1 2025-01-31 04631589 2024-01-31 04631589 core:Goodwill 2024-01-31 04631589 core:LandBuildings 2024-01-31 04631589 core:PlantMachinery 2024-01-31 04631589 core:Vehicles 2024-01-31 04631589 bus:Director1 1 2024-01-31 iso4217:GBP xbrli:pure