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REGISTERED NUMBER: 06336243 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Goldsworthy's Hairdressing Limited

Goldsworthy's Hairdressing Limited (Registered number: 06336243)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Goldsworthy's Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T Goldsworthy
S Goldsworthy





REGISTERED OFFICE: 1 Catherine Street
Swindon
SN1 5RN





REGISTERED NUMBER: 06336243 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Goldsworthy's Hairdressing Limited (Registered number: 06336243)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 24,553 4,995
24,553 4,995

CURRENT ASSETS
Inventories 10,313 14,673
Debtors 6 9,612 6,864
Cash at bank and in hand 304,301 265,178
324,226 286,715
CREDITORS
Amounts falling due within one year 7 184,806 182,620
NET CURRENT ASSETS 139,420 104,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,973

109,090

CREDITORS
Amounts falling due after more than one
year

8

-

(19,458

)

PROVISIONS FOR LIABILITIES (5,563 ) (1,137 )
NET ASSETS 158,410 88,495

CAPITAL AND RESERVES
Called up share capital 10 62 62
Capital redemption reserve 20 20
Retained earnings 158,328 88,413
SHAREHOLDERS' FUNDS 158,410 88,495

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 directors acknowledge their 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.

Goldsworthy's Hairdressing Limited (Registered number: 06336243)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by:





T Goldsworthy - Director


Goldsworthy's Hairdressing Limited (Registered number: 06336243)

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

1. STATUTORY INFORMATION

Goldsworthy's 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of 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 method.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, 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.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Goldsworthy's Hairdressing Limited (Registered number: 06336243)

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 390,000
AMORTISATION
At 1 September 2023
and 31 August 2024 390,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

The amount paid for goodwill in connection with the acquisition of a business in 2009 was revised during the 2012 year to £390,000 and the amortisation period was increased from 5 years to 10 years to reflect an increase in the estimated useful life. The goodwill will be fully amortised by 2019.

Goldsworthy's Hairdressing Limited (Registered number: 06336243)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 19,916 65,665 85,581
Additions 1,789 26,033 27,822
At 31 August 2024 21,705 91,698 113,403
DEPRECIATION
At 1 September 2023 18,357 62,229 80,586
Charge for year 835 7,429 8,264
At 31 August 2024 19,192 69,658 88,850
NET BOOK VALUE
At 31 August 2024 2,513 22,040 24,553
At 31 August 2023 1,559 3,436 4,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Trade debtors 4,387 6,864
Other debtors 5,225 -
9,612 6,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Bank loans and overdrafts - 9,552
Trade creditors 12,119 5,284
Taxation and social security 71,863 63,842
Other creditors 100,824 103,942
184,806 182,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
as restated
£    £   
Other creditors - 19,458

9. LEASING AGREEMENTS
The total amount due under non-cancellable operating leases is £259,140 (2023: £296,160).

Goldsworthy's Hairdressing Limited (Registered number: 06336243)

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: as
restated
£    £   
62 Ordinary £1 62 62
NIL - -
62 62