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REGISTERED NUMBER: 09910267 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HAIR AT THE ACADEMY LTD

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HAIR AT THE ACADEMY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs M F Pugsley
TWG Pugsley
T W G Pugsley





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 09910267 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 75,649 84,239

CURRENT ASSETS
Stocks 210 220
Debtors 5 172,732 197,478
Cash at bank 102,093 107,578
275,035 305,276
CREDITORS
Amounts falling due within one year 6 47,353 61,218
NET CURRENT ASSETS 227,682 244,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

303,331

328,297

CREDITORS
Amounts falling due after more than one
year

7

(7,318

)

(17,441

)

PROVISIONS FOR LIABILITIES 8 (16,379 ) (18,323 )
NET ASSETS 279,634 292,533

CAPITAL AND RESERVES
Called up share capital 9 11 11
Retained earnings 279,623 292,522
SHAREHOLDERS' FUNDS 279,634 292,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:




Mrs M F Pugsley - Director



TWG Pugsley - Director


HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Hair At The Academy 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the lease
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

Work in progress is valued at retail.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.

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.

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.

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold Equipment fittings
£    £    £   
COST
At 1 January 2024 7,418 42,496 55,057
Additions - 1,654 -
At 31 December 2024 7,418 44,150 55,057
DEPRECIATION
At 1 January 2024 1,774 22,688 25,726
Charge for year 495 3,219 4,400
At 31 December 2024 2,269 25,907 30,126
NET BOOK VALUE
At 31 December 2024 5,149 18,243 24,931
At 31 December 2023 5,644 19,808 29,331

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 6,000 65,533 176,504
Additions - 6,979 8,633
At 31 December 2024 6,000 72,512 185,137
DEPRECIATION
At 1 January 2024 1,969 40,108 92,265
Charge for year 1,008 8,101 17,223
At 31 December 2024 2,977 48,209 109,488
NET BOOK VALUE
At 31 December 2024 3,023 24,303 75,649
At 31 December 2023 4,031 25,425 84,239

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,711 150,211
Other debtors 42,027 42,627
Intercompany debtor 6,122 -
Prepayments 4,872 4,640
172,732 197,478

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 456 945
Corporation tax 31,516 46,376
Social security and other taxes 3,125 2,414
Other creditors 800 600
Directors' loan account 409 55
Accrued expenses 2,714 2,495
47,353 61,218

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,318 8,333
Bank loans - 2-5 years - 9,108
7,318 17,441

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,379 18,323

Deferred
tax
£   
Balance at 1 January 2024 18,323
Credit for the year (1,944 )
Balance at 31 December 2024 16,379

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10
1 Ordinary A £1 1 1
11 11

HAIR AT THE ACADEMY LTD (REGISTERED NUMBER: 09910267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mrs M F Pugsley and TWG Pugsley
Balance outstanding at start of year - 7,080
Amounts advanced - 98,230
Amounts repaid - (105,310 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -