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REGISTERED NUMBER: 05572985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

Gingerlily Hair & Beauty Limited

Gingerlily Hair & Beauty Limited (Registered number: 05572985)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gingerlily Hair & Beauty Limited

Company Information
for the Year Ended 31st August 2024







DIRECTORS: Mrs L Bolton
Miss S Allenby





REGISTERED OFFICE: Cottingham Parks Golf and Country Club
Cottingham
Hull
HU16 5SW





REGISTERED NUMBER: 05572985 (England and Wales)





ACCOUNTANTS: Dymond Accountants
Office F1,
Beverley Enterprise Centre
Beck View Road
Beverley
East Yorkshire
HU17 0JT

Gingerlily Hair & Beauty Limited (Registered number: 05572985)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,634 2,136

CURRENT ASSETS
Stocks 20,715 22,284
Cash at bank 38,531 48,786
59,246 71,070
CREDITORS
Amounts falling due within one year 5 54,670 68,394
NET CURRENT ASSETS 4,576 2,676
TOTAL ASSETS LESS CURRENT LIABILITIES 7,210 4,812

CREDITORS
Amounts falling due after more than one year 6 1,322 3,322
NET ASSETS 5,888 1,490

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings 5,822 1,424
5,888 1,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

Gingerlily Hair & Beauty Limited (Registered number: 05572985)

Balance Sheet - continued
31st August 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 17th April 2025 and were signed on its behalf by:




Mrs L Bolton - Director



Miss S Allenby - Director


Gingerlily Hair & Beauty Limited (Registered number: 05572985)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. STATUTORY INFORMATION

Gingerlily Hair & Beauty Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 11 ) .

Gingerlily Hair & Beauty Limited (Registered number: 05572985)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st September 2023 5,746 25,719 2,339 33,804
Additions - - 1,156 1,156
At 31st August 2024 5,746 25,719 3,495 34,960
DEPRECIATION
At 1st September 2023 4,327 25,719 1,622 31,668
Charge for year 284 - 374 658
At 31st August 2024 4,611 25,719 1,996 32,326
NET BOOK VALUE
At 31st August 2024 1,135 - 1,499 2,634
At 31st August 2023 1,419 - 717 2,136

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 2,200 2,200
Trade creditors 726 9,020
Taxation and social security 23,159 17,825
Other creditors 28,585 39,349
54,670 68,394

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 1,322 3,322