Caseware UK (AP4) 2023.0.135 2023.0.135 2025-01-312025-01-3142024-02-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12391925 2024-02-01 2025-01-31 12391925 2023-02-01 2024-01-31 12391925 2025-01-31 12391925 2024-01-31 12391925 c:Director1 2024-02-01 2025-01-31 12391925 d:Buildings d:ShortLeaseholdAssets 2024-02-01 2025-01-31 12391925 d:Buildings d:ShortLeaseholdAssets 2025-01-31 12391925 d:Buildings d:ShortLeaseholdAssets 2024-01-31 12391925 d:FurnitureFittings 2024-02-01 2025-01-31 12391925 d:ComputerEquipment 2024-02-01 2025-01-31 12391925 d:ComputerEquipment 2025-01-31 12391925 d:ComputerEquipment 2024-01-31 12391925 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 12391925 d:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 12391925 d:OtherPropertyPlantEquipment 2025-01-31 12391925 d:OtherPropertyPlantEquipment 2024-01-31 12391925 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 12391925 d:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 12391925 d:CurrentFinancialInstruments 2025-01-31 12391925 d:CurrentFinancialInstruments 2024-01-31 12391925 d:Non-currentFinancialInstruments 2025-01-31 12391925 d:Non-currentFinancialInstruments 2024-01-31 12391925 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 12391925 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12391925 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 12391925 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12391925 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-01-31 12391925 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 12391925 d:ShareCapital 2025-01-31 12391925 d:ShareCapital 2024-01-31 12391925 d:RetainedEarningsAccumulatedLosses 2025-01-31 12391925 d:RetainedEarningsAccumulatedLosses 2024-01-31 12391925 c:FRS102 2024-02-01 2025-01-31 12391925 c:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 12391925 c:FullAccounts 2024-02-01 2025-01-31 12391925 c:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12391925 2 2024-02-01 2025-01-31 12391925 e:PoundSterling 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Registered number: 12391925










STUDIO 52 HAIR LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
STUDIO 52 HAIR LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2
Notes to the Financial Statements
 
 
3 - 7


 
STUDIO 52 HAIR LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STUDIO 52 HAIR LTD
FOR THE YEAR ENDED 31 JANUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Studio 52 Hair Ltd for the year ended 31 January 2025 which comprise  the Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Studio 52 Hair Ltd in accordance with the terms of our engagement letter dated 23 March 2020Our work has been undertaken solely to prepare for your approval the financial statements of Studio 52 Hair Ltd and state those matters that we have agreed to state to the director of Studio 52 Hair Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Studio 52 Hair Ltd and its director for our work or for this report. 

It is your duty to ensure that Studio 52 Hair Ltd 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 Studio 52 Hair Ltd. You consider that Studio 52 Hair Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Studio 52 Hair Ltd. 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.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
23 April 2025
Page 1

 
STUDIO 52 HAIR LTD
REGISTERED NUMBER: 12391925

BALANCE SHEET
AS AT 31 JANUARY 2025

2025
2025
2024
2024
Note
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
9,673
10,317

CURRENT ASSETS
  

Stocks
  
500
500

Debtors: amounts falling due after more than one year
 5 
13,000
13,000

Debtors: amounts falling due within one year
 5 
2,936
2,292

Cash at bank and in hand
 6 
24,079
23,878

  
40,515
39,670

Creditors: amounts falling due within one year
 7 
(27,885)
(21,602)

NET CURRENT ASSETS
  
 
 
12,630
 
 
18,068

TOTAL ASSETS LESS CURRENT LIABILITIES
  
22,303
28,385

Creditors: amounts falling due after more than one year
 8 
(29,583)
(11,667)

NET (LIABILITIES)/ASSETS
  
(7,280)
16,718


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
(7,282)
16,716

  
(7,280)
16,718


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2025.

M ALSAFI
Director

Page 2

 
STUDIO 52 HAIR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

REVENUE

Revenue is recognised to the extent that it is probable that the 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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
STUDIO 52 HAIR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.ACCOUNTING POLICIES (CONTINUED)

 
1.6

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
1.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
20%

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.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
STUDIO 52 HAIR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.ACCOUNTING POLICIES (CONTINUED)

 
1.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company’s accounting policies, which are described in note 1, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The 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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2024 - 4).

Page 5

 
STUDIO 52 HAIR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


TANGIBLE FIXED ASSETS





Short-term leasehold property
Computer equipment
Other fixed assets
Total

£
£
£
£



COST OR VALUATION


At 1 February 2024
10,754
350
13,649
24,753


Additions
-
-
1,775
1,775



At 31 January 2025

10,754
350
15,424
26,528



DEPRECIATION


At 1 February 2024
6,351
207
7,879
14,437


Charge for the year on owned assets
881
28
1,509
2,418



At 31 January 2025

7,232
235
9,388
16,855



NET BOOK VALUE



At 31 January 2025
3,522
115
6,036
9,673



At 31 January 2024
4,403
143
5,771
10,317


5.


DEBTORS

2025
2024
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
13,000
13,000


2025
2024
£
£

DUE WITHIN ONE YEAR

Other debtors
644
-

Prepayments and accrued income
2,292
2,292



6.


CASH AND CASH EQUIVALENTS

2025
2024
£
£

Cash at bank and in hand
24,079
23,878


Page 6

 
STUDIO 52 HAIR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Trade creditors
52
1,478

Corporation tax
-
589

Other taxation and social security
8,644
8,514

Other creditors
18,014
9,846

Accruals and deferred income
1,175
1,175

27,885
21,602



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Bank loans
29,583
11,667



9.


LOANS


Analysis of the maturity of loans is given below:


2025
2024
£
£



AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
29,583
11,667




10.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £nil (2024: £nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 7