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REGISTERED NUMBER: 11581346 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Peterborough (T) Hairdressing Limited

Peterborough (T) Hairdressing Limited (Registered number: 11581346)






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


Peterborough (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M Archacka





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





REGISTERED NUMBER: 11581346 (England and Wales)





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

Peterborough (T) Hairdressing Limited (Registered number: 11581346)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,223 -
Tangible assets 5 27,806 34,074
36,029 34,074

CURRENT ASSETS
Stocks 3,938 3,432
Debtors 6 10,013 10,724
Cash at bank and in hand 87,221 76,995
101,172 91,151
CREDITORS
Amounts falling due within one year 7 57,679 48,932
NET CURRENT ASSETS 43,493 42,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,522

76,293

CREDITORS
Amounts falling due after more than one
year

8

(8,334

)

(18,334

)

PROVISIONS FOR LIABILITIES (6,951 ) (6,474 )
NET ASSETS 64,237 51,485

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 64,236 51,484
SHAREHOLDERS' FUNDS 64,237 51,485

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.

Peterborough (T) Hairdressing Limited (Registered number: 11581346)

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 9 May 2025 and were signed by:





M Archacka - Director


Peterborough (T) Hairdressing Limited (Registered number: 11581346)

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

1. STATUTORY INFORMATION

Peterborough (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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

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 six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% 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.


Peterborough (T) Hairdressing Limited (Registered number: 11581346)

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Goodwill Costs Totals
£    £    £   
COST
At 1 September 2023 10,000 10,900 20,900
Additions - 10,653 10,653
At 31 August 2024 10,000 21,553 31,553
AMORTISATION
At 1 September 2023 10,000 10,900 20,900
Amortisation for year - 2,430 2,430
At 31 August 2024 10,000 13,330 23,330
NET BOOK VALUE
At 31 August 2024 - 8,223 8,223
At 31 August 2023 - - -

Peterborough (T) Hairdressing Limited (Registered number: 11581346)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 67,446 - 67,446
Additions 314 316 630
At 31 August 2024 67,760 316 68,076
DEPRECIATION
At 1 September 2023 33,372 - 33,372
Charge for year 6,846 52 6,898
At 31 August 2024 40,218 52 40,270
NET BOOK VALUE
At 31 August 2024 27,542 264 27,806
At 31 August 2023 34,074 - 34,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 10,013 10,724

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors (12,489 ) (5,004 )
Taxation and social security 36,588 15,744
Other creditors 23,580 28,192
57,679 48,932

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,334 18,334

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 24,000 -
Between one and five years 85,200 -
109,200 -

Peterborough (T) Hairdressing Limited (Registered number: 11581346)

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

10. CALLED UP SHARE CAPITAL

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

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
£    £   
M Archacka
Balance outstanding at start of year 3,509 (312 )
Amounts advanced 600 4,133
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,797 3,509

At the year end, the director owed the company £3,797 (2023: £3,509).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Archacka.