Registered number
12130440
HAIR BY IMAD (SHELDON) LTD
Filleted Accounts
31 July 2024
HAIR BY IMAD (SHELDON) LTD
Registered number: 12130440
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,994 14,111
Current assets
Debtors 4 100 100
Cash at bank and in hand 6,298 6,136
6,398 6,236
Creditors: amounts falling due within one year 5 4,207 7,951
Net current assets 10,605 14,187
Total assets less current liabilities 22,599 28,298
Creditors: amounts falling due after more than one year 6 (21,125) (24,347)
Net assets 1,474 3,951
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,374 3,851
Shareholder's funds 1,474 3,951
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.
Kasar Ahmed Sulaiman
Director
Approved by the board on 23 April 2025
HAIR BY IMAD (SHELDON) LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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:
Plant and machinery 15% Reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 27,033
At 31 July 2024 27,033
Depreciation
At 1 August 2023 12,922
Charge for the year 2,117
At 31 July 2024 15,039
Net book value
At 31 July 2024 11,994
At 31 July 2023 14,111
4 Debtors 2024 2023
£ £
Other debtors 100 100
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director loan (19,843) (21,194)
Taxation and social security costs 12,057 10,046
Other creditors 3,579 3,197
(4,207) (7,951)
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,125 24,347
7 Other information
HAIR BY IMAD (SHELDON) LTD is a private company limited by shares and incorporated in England. Its registered office is:
2252 Coventry Road
Sheldon
Birmingham
B26 3JR
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