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REGISTERED NUMBER: SC349700 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Merchant Hair Ltd

Merchant Hair Ltd (Registered number: SC349700)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merchant Hair Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J.J Chesnet





REGISTERED OFFICE: 111 Ingram Street
Glasgow
G1 1DX





REGISTERED NUMBER: SC349700 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Merchant Hair Ltd (Registered number: SC349700)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 27,277 36,026

CURRENT ASSETS
Stocks 5 576 487
Cash at bank and in hand 21,852 20,925
22,428 21,412
CREDITORS
Amounts falling due within one year 6 11,501 26,265
NET CURRENT ASSETS/(LIABILITIES) 10,927 (4,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,204

31,173

CREDITORS
Amounts falling due after more than one
year

7

19,068

24,178
NET ASSETS 19,136 6,995

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 19,135 6,994
SHAREHOLDERS' FUNDS 19,136 6,995

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

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

Merchant Hair Ltd (Registered number: SC349700)

Balance Sheet - continued
31 October 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 4 March 2025 and were signed by:





J.J Chesnet - Director


Merchant Hair Ltd (Registered number: SC349700)

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

1. STATUTORY INFORMATION

Merchant Hair Ltd is a private company, limited by shares , registered in Scotland. 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, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 787 14,008 44,594 59,389
DEPRECIATION
At 1 November 2023 482 11,733 11,148 23,363
Charge for year 46 341 8,362 8,749
At 31 October 2024 528 12,074 19,510 32,112
NET BOOK VALUE
At 31 October 2024 259 1,934 25,084 27,277
At 31 October 2023 305 2,275 33,446 36,026

Merchant Hair Ltd (Registered number: SC349700)

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

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 576 487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 826 3,037
Tax 2,516 7,574
Social security and other taxes 350 (14 )
VAT 4,629 4,631
Accrued expenses 3,180 11,037
11,501 26,265

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 19,068 24,178

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1 Ordinary Share Capital £1 1 1