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REGISTERED NUMBER: 09298920 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Light Salon Limited

The Light Salon Limited (Registered number: 09298920)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


The Light Salon Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs L D Ferguson
Ms H M Measures





SECRETARY: T Fowler





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
London
WC2H 9JQ





REGISTERED NUMBER: 09298920 (England and Wales)





ACCOUNTANTS: Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Light Salon Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Light Salon Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Light Salon Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Light Salon Limited and state those matters that we have agreed to state to the Board of Directors of The Light Salon Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Light Salon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Light Salon Limited. You consider that The Light Salon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Light Salon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


1 May 2025

The Light Salon Limited (Registered number: 09298920)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,716 5,990

CURRENT ASSETS
Stocks 10,425 13,468
Debtors 5 15,160 11,096
Prepayments and accrued income 27,340 27,227
Cash at bank 8,390 11,610
61,315 63,401
CREDITORS
Amounts falling due within one year 6 2,649,353 2,379,991
NET CURRENT LIABILITIES (2,588,038 ) (2,316,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,584,322

)

(2,310,600

)


ACCRUALS AND DEFERRED INCOME 90,760 66,856

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 22,455 22,455
Retained earnings (2,697,937 ) (2,400,311 )
(2,675,082 ) (2,377,456 )
(2,584,322 ) (2,310,600 )

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

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

The Light Salon Limited (Registered number: 09298920)

Balance Sheet - continued
31 December 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 1 May 2025 and were signed on its behalf by:




Mrs L D Ferguson - Director



Ms H M Measures - Director


The Light Salon Limited (Registered number: 09298920)

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

1. STATUTORY INFORMATION

The Light Salon 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services is recognised when the service is performed.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

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.

The Light Salon Limited (Registered number: 09298920)

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

2. ACCOUNTING POLICIES - continued

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 is reliant upon the support of group companies and the directors are confident that the loans will not be demanded until there is sufficient cash available to repay them. On this basis, the directors deem it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 223,145 50,390 9,365 282,900
Disposals (43,775 ) - - (43,775 )
At 31 December 2024 179,370 50,390 9,365 239,125
DEPRECIATION
At 1 January 2024 221,789 45,756 9,365 276,910
Charge for year 1,010 1,264 - 2,274
Eliminated on disposal (43,775 ) - - (43,775 )
At 31 December 2024 179,024 47,020 9,365 235,409
NET BOOK VALUE
At 31 December 2024 346 3,370 - 3,716
At 31 December 2023 1,356 4,634 - 5,990

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,036 9,702
Other debtors 124 1,394
15,160 11,096

The Light Salon Limited (Registered number: 09298920)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,886 29,011
Amounts owed to group undertakings 2,538,672 2,282,119
Taxation and social security 15,615 15,403
Other creditors 76,180 53,458
2,649,353 2,379,991

7. RELATED PARTY DISCLOSURES

Included within current liabilities is a balance of £354,860 (2023 : £155,905) due to The Light Salon Boost Limited, a fellow subsidiary.This loan is interest free, unsecured and repayable on demand.

Included within current liabilities is a balance of £2,183,812 (2023 : £2,126,214) due to LFHM Limited, the parent company. This loan is interest free, unsecured and repayable on demand.

8. OFF-BALANCE SHEET ARRANGEMENTS

At 31st December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,986 (2023 : £10,476).

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts of £63,051 (2023 : £50,551) owed to H Measures and £12,961 (2023 : £551) owed to L Ferguson in respect of their directors' loan accounts. These loans have no formal repayment terms, are unsecured and repayable on demand.