2022-11-012024-04-302024-04-30false12971697RUKA HAIR LTD.2025-05-0247910falseiso4217:GBPxbrli:pure129716972022-11-01129716972024-04-30129716972022-11-012024-04-30129716972021-11-01129716972022-10-31129716972021-11-012022-10-3112971697bus:SmallEntities2022-11-012024-04-3012971697bus:AuditExempt-NoAccountantsReport2022-11-012024-04-3012971697bus:AbridgedAccounts2022-11-012024-04-3012971697bus:PrivateLimitedCompanyLtd2022-11-012024-04-3012971697core:WithinOneYear2024-04-3012971697core:AfterOneYear2024-04-3012971697core:WithinOneYear2022-10-3112971697core:AfterOneYear2022-10-3112971697core:ShareCapital2024-04-3012971697core:SharePremium2024-04-3012971697core:RevaluationReserve2024-04-3012971697core:OtherReservesSubtotal2024-04-3012971697core:RetainedEarningsAccumulatedLosses2024-04-3012971697core:ShareCapital2022-10-3112971697core:SharePremium2022-10-3112971697core:RevaluationReserve2022-10-3112971697core:OtherReservesSubtotal2022-10-3112971697core:RetainedEarningsAccumulatedLosses2022-10-3112971697core:LandBuildings2024-04-3012971697core:PlantMachinery2024-04-3012971697core:Vehicles2024-04-3012971697core:FurnitureFittings2024-04-3012971697core:OfficeEquipment2024-04-3012971697core:NetGoodwill2024-04-3012971697core:IntangibleAssetsOtherThanGoodwill2024-04-3012971697core:ListedExchangeTraded2024-04-3012971697core:UnlistedNon-exchangeTraded2024-04-3012971697core:LandBuildings2022-10-3112971697core:PlantMachinery2022-10-3112971697core:Vehicles2022-10-3112971697core:FurnitureFittings2022-10-3112971697core:OfficeEquipment2022-10-3112971697core:NetGoodwill2022-10-3112971697core:IntangibleAssetsOtherThanGoodwill2022-10-3112971697core:ListedExchangeTraded2022-10-3112971697core:UnlistedNon-exchangeTraded2022-10-3112971697core:LandBuildings2022-11-012024-04-3012971697core:PlantMachinery2022-11-012024-04-3012971697core:Vehicles2022-11-012024-04-3012971697core:FurnitureFittings2022-11-012024-04-3012971697core:OfficeEquipment2022-11-012024-04-3012971697core:NetGoodwill2022-11-012024-04-3012971697core:IntangibleAssetsOtherThanGoodwill2022-11-012024-04-3012971697core:ListedExchangeTraded2022-11-012024-04-3012971697core:UnlistedNon-exchangeTraded2022-11-012024-04-3012971697core:MoreThanFiveYears2022-11-012024-04-3012971697core:Non-currentFinancialInstruments2024-04-3012971697core:Non-currentFinancialInstruments2022-10-3112971697dpl:CostSales2022-11-012024-04-3012971697dpl:DistributionCosts2022-11-012024-04-3012971697core:LandBuildings2022-11-012024-04-3012971697core:PlantMachinery2022-11-012024-04-3012971697core:Vehicles2022-11-012024-04-3012971697core:FurnitureFittings2022-11-012024-04-3012971697core:OfficeEquipment2022-11-012024-04-3012971697dpl:AdministrativeExpenses2022-11-012024-04-3012971697core:NetGoodwill2022-11-012024-04-3012971697core:IntangibleAssetsOtherThanGoodwill2022-11-012024-04-3012971697dpl:GroupUndertakings2022-11-012024-04-3012971697dpl:ParticipatingInterests2022-11-012024-04-3012971697dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012024-04-3012971697core:ListedExchangeTraded2022-11-012024-04-3012971697dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012024-04-3012971697core:UnlistedNon-exchangeTraded2022-11-012024-04-3012971697dpl:CostSales2021-11-012022-10-3112971697dpl:DistributionCosts2021-11-012022-10-3112971697core:LandBuildings2021-11-012022-10-3112971697core:PlantMachinery2021-11-012022-10-3112971697core:Vehicles2021-11-012022-10-3112971697core:FurnitureFittings2021-11-012022-10-3112971697core:OfficeEquipment2021-11-012022-10-3112971697dpl:AdministrativeExpenses2021-11-012022-10-3112971697core:NetGoodwill2021-11-012022-10-3112971697core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3112971697dpl:GroupUndertakings2021-11-012022-10-3112971697dpl:ParticipatingInterests2021-11-012022-10-3112971697dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3112971697core:ListedExchangeTraded2021-11-012022-10-3112971697dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3112971697core:UnlistedNon-exchangeTraded2021-11-012022-10-3112971697core:NetGoodwill2024-04-3012971697core:IntangibleAssetsOtherThanGoodwill2024-04-3012971697core:LandBuildings2024-04-3012971697core:PlantMachinery2024-04-3012971697core:Vehicles2024-04-3012971697core:FurnitureFittings2024-04-3012971697core:OfficeEquipment2024-04-3012971697core:AfterOneYear2024-04-3012971697core:WithinOneYear2024-04-3012971697core:ListedExchangeTraded2024-04-3012971697core:UnlistedNon-exchangeTraded2024-04-3012971697core:ShareCapital2024-04-3012971697core:SharePremium2024-04-3012971697core:RevaluationReserve2024-04-3012971697core:OtherReservesSubtotal2024-04-3012971697core:RetainedEarningsAccumulatedLosses2024-04-3012971697core:NetGoodwill2022-10-3112971697core:IntangibleAssetsOtherThanGoodwill2022-10-3112971697core:LandBuildings2022-10-3112971697core:PlantMachinery2022-10-3112971697core:Vehicles2022-10-3112971697core:FurnitureFittings2022-10-3112971697core:OfficeEquipment2022-10-3112971697core:AfterOneYear2022-10-3112971697core:WithinOneYear2022-10-3112971697core:ListedExchangeTraded2022-10-3112971697core:UnlistedNon-exchangeTraded2022-10-3112971697core:ShareCapital2022-10-3112971697core:SharePremium2022-10-3112971697core:RevaluationReserve2022-10-3112971697core:OtherReservesSubtotal2022-10-3112971697core:RetainedEarningsAccumulatedLosses2022-10-3112971697core:NetGoodwill2021-11-0112971697core:IntangibleAssetsOtherThanGoodwill2021-11-0112971697core:LandBuildings2021-11-0112971697core:PlantMachinery2021-11-0112971697core:Vehicles2021-11-0112971697core:FurnitureFittings2021-11-0112971697core:OfficeEquipment2021-11-0112971697core:AfterOneYear2021-11-0112971697core:WithinOneYear2021-11-0112971697core:ListedExchangeTraded2021-11-0112971697core:UnlistedNon-exchangeTraded2021-11-0112971697core:ShareCapital2021-11-0112971697core:SharePremium2021-11-0112971697core:RevaluationReserve2021-11-0112971697core:OtherReservesSubtotal2021-11-0112971697core:RetainedEarningsAccumulatedLosses2021-11-0112971697core:AfterOneYear2022-11-012024-04-3012971697core:WithinOneYear2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:CostValuation2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-012024-04-3012971697core:Non-currentFinancialInstrumentscore:CostValuation2024-04-3012971697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-3012971697core:Non-currentFinancialInstrumentscore:CostValuation2022-10-3112971697core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-3112971697core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-3112971697bus:Director12022-11-012024-04-3012971697bus:Director22022-11-012024-04-3012971697bus:Director32022-11-012024-04-30

RUKA HAIR LTD.

Registered Number
12971697
(England and Wales)

Unaudited Financial Statements for the Period ended
30 April 2024

RUKA HAIR LTD.
Company Information
for the period from 1 November 2022 to 30 April 2024

Directors

AGBAI, Ugorji Leah
BRUNICKI, Alexander Roland Kazimerz
MOYO, Varaidzo Tendai

Registered Address

Unit Lk.508, 5th Floor, Lock Studio
Corsican Square
London
E3 3YD

Registered Number

12971697 (England and Wales)
RUKA HAIR LTD.
Balance Sheet as at
30 April 2024

Notes

30 Apr 2024

31 Oct 2022

£

£

£

£

Fixed assets
Tangible assets38,64310,919
8,64310,919
Current assets
Stocks727,505593,887
Debtors4602,417251,318
Cash at bank and on hand40,04410,754
1,369,966855,959
Creditors amounts falling due within one year5(900,022)(306,619)
Net current assets (liabilities)469,944549,340
Total assets less current liabilities478,587560,259
Net assets478,587560,259
Capital and reserves
Called up share capital1,061,102674
Share premium2,930,4143,034,467
Other reserves552,895346,683
Profit and loss account(4,065,824)(2,821,565)
Shareholders' funds478,587560,259
The financial statements were approved and authorised for issue by the Board of Directors on 2 May 2025, and are signed on its behalf by:
MOYO, Varaidzo Tendai
Director
Registered Company No. 12971697
RUKA HAIR LTD.
Notes to the Financial Statements
for the period ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The company's financial statements are prepared on a going concern basis. In assessing going concern, the directors have prepared cashflow forecasts based on alternative scenarios of receiving additional investment or reducing costs. Based on these forecasts they have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that may result from any significant changes in the assumptions used in preparing the cash-flow forecasts.
Revenue from sale of goods
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised when the significant risks and rewards of the ownership of the goods have passed to the buyer, usually on dispatch of the goods and the costs incurred or to be incurred in respect of the transaction be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are considered in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, Iess their estimated residual value, over their expected useful lives of 3 years on a straight line basis. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss.

Straight line (years)
Land and buildings3
Plant and machinery3
Fixtures and fittings3
Vehicles3
Office Equipment3
Stocks and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Trade and other debtors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
2.Average number of employees

20242022
Average number of employees during the year2025
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 November 2214,766
Additions4,727
At 30 April 2419,493
Depreciation and impairment
At 01 November 223,847
Charge for year7,003
At 30 April 2410,850
Net book value
At 30 April 248,643
At 31 October 2210,919
4.Debtors: amounts due within one year

2024

2022

££
Trade debtors / trade receivables377,64784,130
Other debtors218,886162,830
Prepayments and accrued income1,7184,358
Total598,251251,318
5.Creditors: amounts due within one year

2024

2022

££
Trade creditors / trade payables712,405257,927
Bank borrowings and overdrafts183,546-
Accrued liabilities and deferred income4,07148,692
Total900,022306,619
6.Change in reporting period and impact on comparability
During the reporting period, accounting year changed from 31 October to 30 April. Therefore, amounts are not entirely comparable.