BrightAccountsProduction v1.0.0 v1.0.0 2023-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the managament of a Hairdressing and Beauty premises. 9 April 2025 08593668 2024-07-31 08593668 2023-07-31 08593668 2022-07-31 08593668 2023-08-01 2024-07-31 08593668 2022-08-01 2023-07-31 08593668 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08593668 uk-curr:PoundSterling 2023-08-01 2024-07-31 08593668 uk-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08593668 uk-bus:AbridgedAccounts 2023-08-01 2024-07-31 08593668 uk-core:ShareCapital 2024-07-31 08593668 uk-core:ShareCapital 2023-07-31 08593668 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 08593668 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 08593668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 08593668 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 08593668 uk-bus:FRS102 2023-08-01 2024-07-31 08593668 uk-core:Land 2023-08-01 2024-07-31 08593668 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 08593668 2023-08-01 2024-07-31 08593668 uk-bus:Director1 2023-08-01 2024-07-31 08593668 uk-bus:Director2 2023-08-01 2024-07-31 08593668 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Thomas J William Hair Design Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 July 2024



Thomas J William Hair Design Ltd
Company Registration Number: 08593668
ABRIDGED BALANCE SHEET
as at 31 July 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 15,858 18,292
───────── ─────────
 
Current Assets
Stocks 1,200 1,200
Creditors: amounts falling due within one year (285,667) (277,698)
───────── ─────────
Net Current Liabilities (284,467) (276,498)
───────── ─────────
Total Assets less Current Liabilities (268,609) (258,206)
 
Creditors:
amounts falling due after more than one year (93,704) (97,639)
───────── ─────────
Net Liabilities (362,313) (355,845)
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings (362,315) (355,847)
───────── ─────────
Shareholders' Deficit (362,313) (355,845)
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 9 April 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Mr J O'Brien     Mr J Lawes
Director     Director
           



Thomas J William Hair Design Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 July 2024

   
1. General Information
 
Thomas J William Hair Design Ltd is a company limited by shares incorporated in the United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 0% Straight line
  Fixtures, fittings and equipment - 15% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
These accounts have been prepared on a going concern basis,on the understanding that there was a net deficiency of assets of £362,313 at the balance sheet date,however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2023 - 4).
 
  2024 2023
  Number Number
 
Directors 2 2
Employees 3 2
  ───────── ─────────
  5 4
  ═════════ ═════════
         
5. Tangible assets
  Long Fixtures, Total
  leasehold fittings and  
  property equipment  
  £ £ £
Cost
At 1 August 2023 1 71,295 71,296
Additions - 364 364
  ───────── ───────── ─────────
At 31 July 2024 1 71,659 71,660
  ───────── ───────── ─────────
Depreciation
At 1 August 2023 - 53,004 53,004
Charge for the financial year - 2,798 2,798
  ───────── ───────── ─────────
At 31 July 2024 - 55,802 55,802
  ───────── ───────── ─────────
Net book value
At 31 July 2024 1 15,857 15,858
  ═════════ ═════════ ═════════
At 31 July 2023 1 18,291 18,292
  ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.