IRIS Accounts Production v25.1.0.734 03954258 director 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039542582024-03-31039542582025-03-31039542582024-04-012025-03-31039542582023-03-31039542582023-04-012024-03-31039542582024-03-3103954258ns15:EnglandWales2024-04-012025-03-3103954258ns14:PoundSterling2024-04-012025-03-3103954258ns10:Director12024-04-012025-03-3103954258ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103954258ns10:SmallEntities2024-04-012025-03-3103954258ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103954258ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103954258ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103954258ns10:FullAccounts2024-04-012025-03-3103954258ns10:CompanySecretary12024-04-012025-03-3103954258ns10:RegisteredOffice2024-04-012025-03-3103954258ns5:CurrentFinancialInstruments2025-03-3103954258ns5:CurrentFinancialInstruments2024-03-3103954258ns5:Non-currentFinancialInstruments2025-03-3103954258ns5:Non-currentFinancialInstruments2024-03-3103954258ns5:ShareCapital2025-03-3103954258ns5:ShareCapital2024-03-3103954258ns5:RetainedEarningsAccumulatedLosses2025-03-3103954258ns5:RetainedEarningsAccumulatedLosses2024-03-3103954258ns5:PlantMachinery2024-04-012025-03-3103954258ns5:PlantMachinery2024-03-3103954258ns5:PlantMachinery2025-03-3103954258ns5:PlantMachinery2024-03-3103954258ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3103954258ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2025-03-3103954258ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-012025-03-3103954258ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3103954258ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103954258ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103954258ns5:Secured2025-03-3103954258ns5:Secured2024-03-3103954258ns5:DeferredTaxation2024-03-3103954258ns5:DeferredTaxation2024-04-012025-03-3103954258ns5:DeferredTaxation2025-03-31
REGISTERED NUMBER: 03954258 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

K & G Hairdressing Supplies
Ltd

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & G Hairdressing Supplies
Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: K G Lawrence





SECRETARY: K G Lawrence





REGISTERED OFFICE: Unit 12a
Heron Business Centre
Henwood Industrial Estate
Ashford
Kent
TN24 8DH





REGISTERED NUMBER: 03954258 (England and Wales)





ACCOUNTANTS: APT
44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 41,226 49,574

CURRENT ASSETS
Stocks 283,642 257,855
Debtors 5 1,268,555 1,118,534
Cash at bank 671,453 159,793
2,223,650 1,536,182
CREDITORS
Amounts falling due within one year 6 1,409,214 612,277
NET CURRENT ASSETS 814,436 923,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,662

973,479

CREDITORS
Amounts falling due after more than one year 7 (7,670 ) (33,470 )

PROVISIONS FOR LIABILITIES 9 (2,340 ) (3,009 )
NET ASSETS 845,652 937,000

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 845,552 936,900
SHAREHOLDERS' FUNDS 845,652 937,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





K G Lawrence - Director


K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

K & G Hairdressing Supplies Ltd 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
After reviewing the company's forecasts and projections, the members have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed. Where amounts are received in advance the recognition is deferred until such a time that the above conditions have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% 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.

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities including trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Dividend
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 17 ) .

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 231,739
Additions 9,250
At 31 March 2025 240,989
DEPRECIATION
At 1 April 2024 182,165
Charge for year 17,598
At 31 March 2025 199,763
NET BOOK VALUE
At 31 March 2025 41,226
At 31 March 2024 49,574

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 28,875
Transfer to ownership (14,880 )
At 31 March 2025 13,995
DEPRECIATION
At 1 April 2024 13,608
Charge for year 3,817
Transfer to ownership (11,055 )
At 31 March 2025 6,370
NET BOOK VALUE
At 31 March 2025 7,625
At 31 March 2024 15,267

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 418,764 241,676
Amounts owed by group undertakings 802,565 814,621
Other debtors 47,226 62,237
1,268,555 1,118,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 72,430 81,164
Hire purchase contracts 3,499 6,929
Trade creditors 1,264,580 482,097
Taxation and social security 40,330 22,539
Other creditors 28,375 19,548
1,409,214 612,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 5,000 25,000
Hire purchase contracts 2,670 8,470
7,670 33,470

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank overdrafts 52,430 61,164
Bank loans 25,000 45,000
77,430 106,164

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 2,340 3,009

K & G Hairdressing Supplies
Ltd (Registered number: 03954258)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 3,009
Provided during year (669 )
Balance at 31 March 2025 2,340

10. RELATED PARTY DISCLOSURES

As at 31 March 2025 £802,565 (2024: £814,621) was owed from a company connected with key management personnel. The loan is interest free and repayable on demand.

During the period under review, licence fees of £80,000 (2024: £80,000) was charged by an entity connected with key management personnel.