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REGISTERED NUMBER: 11777533 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Harrogate (T) Hairdressing Limited

Harrogate (T) Hairdressing Limited (Registered number: 11777533)






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


Harrogate (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: N J Slorach
C A Slorach





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





REGISTERED NUMBER: 11777533 (England and Wales)





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

Harrogate (T) Hairdressing Limited (Registered number: 11777533)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,904 4,190
Tangible assets 5 26,187 33,381
28,091 37,571

CURRENT ASSETS
Stocks 1,952 2,064
Debtors 6 20,062 13,731
Cash at bank and in hand 11,597 17,369
33,611 33,164
CREDITORS
Amounts falling due within one year 7 22,555 45,992
NET CURRENT ASSETS/(LIABILITIES) 11,056 (12,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,147

24,743

CREDITORS
Amounts falling due after more than one
year

8

(18,687

)

(28,333

)

PROVISIONS FOR LIABILITIES (3,450 ) (186 )
NET ASSETS/(LIABILITIES) 17,010 (3,776 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 16,910 (3,876 )
SHAREHOLDERS' FUNDS 17,010 (3,776 )

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.

Harrogate (T) Hairdressing Limited (Registered number: 11777533)

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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:




N J Slorach - Director



C A Slorach - Director


Harrogate (T) Hairdressing Limited (Registered number: 11777533)

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

1. STATUTORY INFORMATION

Harrogate (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.

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.

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.


Harrogate (T) Hairdressing Limited (Registered number: 11777533)

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

2. ACCOUNTING POLICIES - continued
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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Costs
£   
COST
At 1 September 2023
and 31 August 2024 11,426
AMORTISATION
At 1 September 2023 7,236
Amortisation for year 2,286
At 31 August 2024 9,522
NET BOOK VALUE
At 31 August 2024 1,904
At 31 August 2023 4,190

Harrogate (T) Hairdressing Limited (Registered number: 11777533)

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
and 31 August 2024 43,657 3,353 47,010
DEPRECIATION
At 1 September 2023 11,703 1,926 13,629
Charge for year 6,391 803 7,194
At 31 August 2024 18,094 2,729 20,823
NET BOOK VALUE
At 31 August 2024 25,563 624 26,187
At 31 August 2023 31,954 1,427 33,381

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings - 19
Other debtors 20,062 13,712
20,062 13,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors (24,694 ) (23,499 )
Amounts owed to group undertakings 2,595 34,241
Taxation and social security 27,548 15,411
Other creditors 7,106 9,839
22,555 45,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 18,687 28,333

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 24,300 30,000
Between one and five years - 24,600
24,300 54,600

Harrogate (T) Hairdressing Limited (Registered number: 11777533)

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: £    £   
100 Ordinary £1 100 100

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.