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REGISTERED NUMBER: 10929398 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Eclectic Hair & Beauty Solutions Ltd

Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)






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




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Eclectic Hair & Beauty Solutions Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs E Anderton





REGISTERED OFFICE: 15 Hulme Hall
Cheadle Hulme
Cheadle
Cheshire
SK8 6LG





REGISTERED NUMBER: 10929398 (England and Wales)





ACCOUNTANTS: HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH

Accountants' Report to the Director
on the Unaudited Financial Statements of
Eclectic Hair & Beauty Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eclectic Hair & Beauty Solutions Ltd for the period ended 31 August 2024 which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Eclectic Hair & Beauty Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eclectic Hair & Beauty Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Eclectic Hair & Beauty Solutions Ltd, as a body, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eclectic Hair & Beauty Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position of profit or loss of Eclectic Hair & Beauty Solutions Ltd. You consider that Eclectic Hair & Beauty Solutions Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Eclectic Hair & Beauty Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the statutory financial statements.






HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH


20 May 2025

Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 5,000 5,000
11,000 11,000

CURRENT ASSETS
Debtors 6 696 1,127
Cash at bank 118 1,007
814 2,134
CREDITORS
Amounts falling due within one year 7 14,830 13,406
NET CURRENT LIABILITIES (14,016 ) (11,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,016

)

(272

)

CREDITORS
Amounts falling due after more than one
year

8

2,612

5,199
NET LIABILITIES (5,628 ) (5,471 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,629 ) (5,472 )
(5,628 ) (5,471 )

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.

Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)

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 Profit and Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





Mrs E Anderton - Director


Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)

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

1. STATUTORY INFORMATION

Eclectic Hair & Beauty Solutions Ltd 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 (£).


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 the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover 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 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Retained Earnings, 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.

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.

Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)

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

2. ACCOUNTING POLICIES - continued

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Going concern
The financial statements have been prepared on a going concern basis. This may not be appropriate because the company's liabilities exceed its assets.

It is the opinion of the director that this basis is correct in that it has adequate financial backing from its creditors the largest of which is the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 4,000
NET BOOK VALUE
At 31 August 2024 6,000
At 31 August 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 9,400
DEPRECIATION
At 1 September 2023
and 31 August 2024 4,400
NET BOOK VALUE
At 31 August 2024 5,000
At 31 August 2023 5,000

Eclectic Hair & Beauty Solutions Ltd (Registered number: 10929398)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 696 1,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,368 5,845
Trade creditors - 230
Taxation and social security 4,217 4,216
Other creditors 7,245 3,115
14,830 13,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,612 5,199