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REGISTERED NUMBER: 04740565 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Billericay (T) Hairdressing Limited

Billericay (T) Hairdressing Limited (Registered number: 04740565)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Billericay (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: J A Shaw





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU341HN





REGISTERED NUMBER: 04740565 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Billericay (T) Hairdressing Limited (Registered number: 04740565)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 1,624
Tangible assets 5 4,314 4,711
8,814 6,335

CURRENT ASSETS
Stocks 3,526 3,710
Debtors 6 14,628 16,004
Cash at bank and in hand 6,958 7,079
25,112 26,793
CREDITORS
Amounts falling due within one year 7 100,601 90,882
NET CURRENT LIABILITIES (75,489 ) (64,089 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,675

)

(57,754

)

CREDITORS
Amounts falling due after more than one year 8 (8,095 ) (18,098 )

PROVISIONS FOR LIABILITIES (874 ) (928 )
NET LIABILITIES (75,644 ) (76,780 )

CAPITAL AND RESERVES
Called up share capital 11 40,000 40,000
Retained earnings (115,644 ) (116,780 )
SHAREHOLDERS' FUNDS (75,644 ) (76,780 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Billericay (T) Hairdressing Limited (Registered number: 04740565)

Balance Sheet - continued
31 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 director and authorised for issue on 17 February 2025 and were signed by:





J A Shaw - Director


Billericay (T) Hairdressing Limited (Registered number: 04740565)

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

1. STATUTORY INFORMATION

Billericay (T) Hairdressing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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


Billericay (T) Hairdressing Limited (Registered number: 04740565)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company meets its day to day working capital requirements through an overdraft facility and extended related party supplier credit, The overdraft facility is repayable on demand. The directors consider it appropriate to prepare these financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

3. EMPLOYEES AND DIRECTORS

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

Billericay (T) Hairdressing Limited (Registered number: 04740565)

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

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Costs Cost Totals
£    £    £   
COST
At 1 September 2023 13,717 1,847 15,564
Additions 5,000 - 5,000
At 31 August 2024 18,717 1,847 20,564
AMORTISATION
At 1 September 2023 12,278 1,662 13,940
Amortisation for year 1,939 185 2,124
At 31 August 2024 14,217 1,847 16,064
NET BOOK VALUE
At 31 August 2024 4,500 - 4,500
At 31 August 2023 1,439 185 1,624

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 20,593 3,062 146,149 169,804
Additions - - 438 438
At 31 August 2024 20,593 3,062 146,587 170,242
DEPRECIATION
At 1 September 2023 19,768 3,062 142,263 165,093
Charge for year 220 - 615 835
At 31 August 2024 19,988 3,062 142,878 165,928
NET BOOK VALUE
At 31 August 2024 605 - 3,709 4,314
At 31 August 2023 825 - 3,886 4,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 14,628 16,004

Billericay (T) Hairdressing Limited (Registered number: 04740565)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,781 18,916
Trade creditors 32,433 31,475
Taxation and social security 27,140 18,448
Other creditors 25,247 22,043
100,601 90,882

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,095 18,098

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year - 18,253

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 18,095 28,098

Bank loans are secured by a debenture over the assets of the company and a personal guarantee provided by the directors of £75,000.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
40,000 Ordinary £1 40,000 40,000

Billericay (T) Hairdressing Limited (Registered number: 04740565)

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

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
J A Shaw
Balance outstanding at start of year 1,797 (247 )
Amounts advanced 16 2,356
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,501 1,797

At the year end, the director owed the company £1,501 (2023: the director owed the company £1,797).

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.