No. 4 Hair Limited 07941446 false 2023-02-23 2024-02-20 2024-02-20 The principal activity of the company is that of hairdressers. Digita Accounts Production Advanced 6.30.9574.0 true 07941446 2023-02-23 2024-02-20 07941446 2024-02-20 07941446 bus:OrdinaryShareClass1 2024-02-20 07941446 core:CurrentFinancialInstruments 2024-02-20 07941446 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-20 07941446 core:Non-currentFinancialInstruments 2024-02-20 07941446 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-20 07941446 core:Goodwill 2024-02-20 07941446 1 2024-02-20 07941446 bus:SmallEntities 2023-02-23 2024-02-20 07941446 bus:AuditExemptWithAccountantsReport 2023-02-23 2024-02-20 07941446 bus:FilletedAccounts 2023-02-23 2024-02-20 07941446 bus:SmallCompaniesRegimeForAccounts 2023-02-23 2024-02-20 07941446 bus:RegisteredOffice 2023-02-23 2024-02-20 07941446 bus:Director1 2023-02-23 2024-02-20 07941446 bus:OrdinaryShareClass1 2023-02-23 2024-02-20 07941446 bus:PrivateLimitedCompanyLtd 2023-02-23 2024-02-20 07941446 core:Goodwill 2023-02-23 2024-02-20 07941446 countries:EnglandWales 2023-02-23 2024-02-20 07941446 1 2023-02-23 2024-02-20 07941446 2023-02-22 07941446 core:Goodwill 2023-02-22 07941446 1 2023-02-22 07941446 2022-02-24 2023-02-22 07941446 2023-02-22 07941446 bus:OrdinaryShareClass1 2023-02-22 07941446 core:CurrentFinancialInstruments 2023-02-22 07941446 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-22 07941446 core:Non-currentFinancialInstruments 2023-02-22 07941446 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-22 07941446 core:Goodwill 2023-02-22 07941446 1 2023-02-22 07941446 1 2022-02-24 2023-02-22 07941446 1 2022-02-23 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07941446

No. 4 Hair Limited

Unaudited Filleted Financial Statements

for the Period from 23 February 2023 to 20 February 2024

 

No. 4 Hair Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

No. 4 Hair Limited

(Registration number: 07941446)
Balance Sheet as at 20 February 2024

Note

2024
£

2023
£

Current assets

 

Stocks

1,500

1,500

Debtors

5

30,841

31,713

Cash at bank and in hand

 

505

506

 

32,846

33,719

Creditors: Amounts falling due within one year

6

(26,887)

(24,857)

Total assets less current liabilities

 

5,959

8,862

Creditors: Amounts falling due after more than one year

6

(5,186)

(6,423)

Net assets

 

773

2,439

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

772

2,438

Shareholders' funds

 

773

2,439

For the financial period ending 20 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2025
 

.........................................
Mrs D T Wilkinson
Director

 

No. 4 Hair Limited

Notes to the Unaudited Financial Statements for the Period from 23 February 2023 to 20 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor, Block C
The Wharf
Manchester Road
Burnley
Lancashire
BB11 1JG

These financial statements were authorised for issue by the director on 15 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

No. 4 Hair Limited

Notes to the Unaudited Financial Statements for the Period from 23 February 2023 to 20 February 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

No. 4 Hair Limited

Notes to the Unaudited Financial Statements for the Period from 23 February 2023 to 20 February 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

No. 4 Hair Limited

Notes to the Unaudited Financial Statements for the Period from 23 February 2023 to 20 February 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost

At 23 February 2023

4,700

4,700

At 20 February 2024

4,700

4,700

Amortisation

At 23 February 2023

4,700

4,700

At 20 February 2024

4,700

4,700

Carrying amount

At 20 February 2024

-

-

At 22 February 2023

-

-

5

Debtors

2024
£

2023
£

Other debtors

30,788

29,894

Prepayments

53

1,819

30,841

31,713

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,295

4,545

Trade creditors

 

1,500

1,500

Taxation and social security

 

13,701

13,394

Accruals and deferred income

 

5,391

5,418

 

26,887

24,857

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

5,186

6,423

 

No. 4 Hair Limited

Notes to the Unaudited Financial Statements for the Period from 23 February 2023 to 20 February 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

5,186

6,423

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,297

1,344

Bank overdrafts

4,998

3,201

6,295

4,545

9

Related party transactions

Transactions with the director

2024

At 23 February 2023
£

Advances to director
£

Repayments by director
£

At 20 February 2024
£

Loans to director

23,438

24,443

(23,438)

24,443

 

2023

At 24 February 2022
£

Advances to director
£

Repayments by director
£

At 22 February 2023
£

Loans to director

25,847

23,438

(25,847)

23,438