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REGISTERED NUMBER: 06636532 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Southend (T) Hairdressing Limited

Southend (T) Hairdressing Limited (Registered number: 06636532)






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


Southend (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T W M Clarke





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





REGISTERED NUMBER: 06636532 (England and Wales)





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

Southend (T) Hairdressing Limited (Registered number: 06636532)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,385 7,450
Tangible assets 5 24,989 14,428
28,374 21,878

CURRENT ASSETS
Stocks 3,379 3,781
Debtors 6 12,666 8,321
Cash at bank and in hand 227,172 243,821
243,217 255,923
CREDITORS
Amounts falling due within one year 7 39,500 61,259
NET CURRENT ASSETS 203,717 194,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,091

216,542

CREDITORS
Amounts falling due after more than one
year

8

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (3,172 ) (2,557 )
NET ASSETS 221,419 196,485

CAPITAL AND RESERVES
Called up share capital 10 60,000 60,000
Retained earnings 161,419 136,485
SHAREHOLDERS' FUNDS 221,419 196,485

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 his 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.

Southend (T) Hairdressing Limited (Registered number: 06636532)

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 5 March 2025 and were signed by:





T W M Clarke - Director


Southend (T) Hairdressing Limited (Registered number: 06636532)

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

1. STATUTORY INFORMATION

Southend (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 2008, is being amortised evenly over its estimated useful life of five 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 three years.

Leasehold Cost are being amortised evenly over their estimated useful life of three 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 cost and 10% 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.


Southend (T) Hairdressing Limited (Registered number: 06636532)

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 11 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Goodwill Costs Cost Totals
£    £    £    £   
COST
At 1 September 2023 38,622 18,210 1,454 58,286
Disposals - (7,910 ) - (7,910 )
At 31 August 2024 38,622 10,300 1,454 50,376
AMORTISATION
At 1 September 2023 38,622 11,474 740 50,836
Amortisation for year - 3,676 389 4,065
Eliminated on disposal - (7,910 ) - (7,910 )
At 31 August 2024 38,622 7,240 1,129 46,991
NET BOOK VALUE
At 31 August 2024 - 3,060 325 3,385
At 31 August 2023 - 6,736 714 7,450

Southend (T) Hairdressing Limited (Registered number: 06636532)

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 90,089 751 90,840
Additions 13,544 398 13,942
At 31 August 2024 103,633 1,149 104,782
DEPRECIATION
At 1 September 2023 75,762 650 76,412
Charge for year 3,191 190 3,381
At 31 August 2024 78,953 840 79,793
NET BOOK VALUE
At 31 August 2024 24,680 309 24,989
At 31 August 2023 14,327 101 14,428

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 1,200
Other debtors 12,666 7,121
12,666 8,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors (9,429 ) 1,284
Taxation and social security 16,423 32,837
Other creditors 22,506 17,138
39,500 61,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,500 17,500

Southend (T) Hairdressing Limited (Registered number: 06636532)

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 120,000 120,000
In more than five years 24,300 54,300
174,300 204,300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
60,000 Ordinary £1 60,000 60,000

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director £622 (2023: £311).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T W M Clarke.