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REGISTERED NUMBER: 04308695 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

St Paul's (T) Hairdressing Limited

St Paul's (T) Hairdressing Limited (Registered number: 04308695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


St Paul's (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: W S Law





REGISTERED OFFICE: Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN





REGISTERED NUMBER: 04308695 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

St Paul's (T) Hairdressing Limited (Registered number: 04308695)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,537 6,187
Tangible assets 5 310 -
4,847 6,187

CURRENT ASSETS
Stocks 2,021 2,156
Debtors 6 26,179 23,794
Cash at bank and in hand 193,161 163,748
221,361 189,698
CREDITORS
Amounts falling due within one year 7 117,079 77,201
NET CURRENT ASSETS 104,282 112,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,129

118,684

CREDITORS
Amounts falling due after more than one
year

8

9,167

19,167
NET ASSETS 99,962 99,517

CAPITAL AND RESERVES
Called up share capital 10 70,000 70,000
Retained earnings 29,962 29,517
SHAREHOLDERS' FUNDS 99,962 99,517

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

St Paul's (T) Hairdressing Limited (Registered number: 04308695)

Balance Sheet - continued
31 August 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 20 May 2025 and were signed by:





W S Law - Director


St Paul's (T) Hairdressing Limited (Registered number: 04308695)

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

1. STATUTORY INFORMATION

St Paul's (T) Hairdressing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

Leasehold costs
Leasehold costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over the lease period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% 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.


St Paul's (T) Hairdressing Limited (Registered number: 04308695)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Costs Cost Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 17,475 5,265 22,740
AMORTISATION
At 1 September 2023 11,288 5,265 16,553
Amortisation for year 1,650 - 1,650
At 31 August 2024 12,938 5,265 18,203
NET BOOK VALUE
At 31 August 2024 4,537 - 4,537
At 31 August 2023 6,187 - 6,187

St Paul's (T) Hairdressing Limited (Registered number: 04308695)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 September 2023 113,163 53,899 167,062
Additions - 364 364
At 31 August 2024 113,163 54,263 167,426
DEPRECIATION
At 1 September 2023 113,163 53,899 167,062
Charge for year - 54 54
At 31 August 2024 113,163 53,953 167,116
NET BOOK VALUE
At 31 August 2024 - 310 310
At 31 August 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 873 873
Other debtors 25,306 22,921
26,179 23,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors (5,752 ) 1,971
Taxation and social security 28,345 25,260
Other creditors 84,486 39,970
117,079 77,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 9,167 19,167

St Paul's (T) Hairdressing Limited (Registered number: 04308695)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 30,000 30,000
Between one and five years 52,800 82,800
82,800 112,800

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
70,000 Ordinary £1 70,000 70,000

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
W S Law
Balance outstanding at start of year 337 (161 )
Amounts advanced - 810
Amounts repaid (1,726 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,389 ) 337

At the year end the company owed the director £1389, (2023 the director owed the company: £337)

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.