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Company Registration No. 12820422 (England and Wales)
Worthy Hairdressing Ltd Unaudited accounts for the year ended 31 August 2024
Worthy Hairdressing Ltd Unaudited accounts Contents
Page
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Worthy Hairdressing Ltd Company Information for the year ended 31 August 2024
Director
Emma Louise Worthington
Company Number
12820422 (England and Wales)
Registered Office
2 Church Street Conwy LL32 8AF Wales
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Worthy Hairdressing Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,120 
4,851 
Current assets
Inventories
750 
300 
Debtors
1,165 
657 
Cash at bank and in hand
21,805 
36,405 
23,720 
37,362 
Creditors: amounts falling due within one year
(11,529)
(13,811)
Net current assets
12,191 
23,551 
Total assets less current liabilities
26,311 
28,402 
Creditors: amounts falling due after more than one year
(11,459)
- 
Net assets
14,852 
28,402 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,851 
28,401 
Shareholders' funds
14,852 
28,402 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2025 and were signed on its behalf by
Emma Louise Worthington Director Company Registration No. 12820422
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Worthy Hairdressing Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Worthy Hairdressing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12820422. The registered office is 2 Church Street, Conwy, LL32 8AF, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
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Worthy Hairdressing Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
10,296 
- 
10,296 
Additions
- 
13,975 
13,975 
At 31 August 2024
10,296 
13,975 
24,271 
Depreciation
At 1 September 2023
5,445 
- 
5,445 
Charge for the year
1,212 
3,494 
4,706 
At 31 August 2024
6,657 
3,494 
10,151 
Net book value
At 31 August 2024
3,639 
10,481 
14,120 
At 31 August 2023
4,851 
- 
4,851 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,165 
657 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,398 
- 
Taxes and social security
10,791 
7,465 
Loans from directors
(1,660)
6,346 
11,529 
13,811 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,459 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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