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REGISTERED NUMBER: 03897270 (England and Wales)















BLISS HAIRDRESSING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






BLISS HAIRDRESSING LIMITED (REGISTERED NUMBER: 03897270)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


BLISS HAIRDRESSING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: N Tedd





SECRETARY: Ms B J Watret





REGISTERED OFFICE: 151b Old Ashby Road
Loughborough
Leicestershire
LE11 4PQ





REGISTERED NUMBER: 03897270 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR

BLISS HAIRDRESSING LIMITED (REGISTERED NUMBER: 03897270)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 173,771 178,069
173,771 178,069

CURRENT ASSETS
Inventories 22,899 30,008
Debtors 6 30,339 12,095
Cash at bank and in hand 24,976 68,421
78,214 110,524
CREDITORS
Amounts falling due within one year 7 28,301 47,356
NET CURRENT ASSETS 49,913 63,168
TOTAL ASSETS LESS CURRENT LIABILITIES 223,684 241,237

PROVISIONS FOR LIABILITIES 554 756
NET ASSETS 223,130 240,481

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 223,129 240,480
SHAREHOLDERS' FUNDS 223,130 240,481

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 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.

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 the director and authorised for issue on 30 April 2025 and were signed by:





N Tedd - Director


BLISS HAIRDRESSING LIMITED (REGISTERED NUMBER: 03897270)

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

1. STATUTORY INFORMATION

Bliss Hairdressing Limited is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information on page one of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised upon despatch of goods and provision of services.

Property, plant and equipment
Property, plant and equipment assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

No depreciation is provided on land in land and buildings.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment is recognised immediately in the income statement.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 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 statement of financial position date.


BLISS HAIRDRESSING LIMITED (REGISTERED NUMBER: 03897270)

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

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 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 8,000
AMORTISATION
At 1 January 2024
and 31 December 2024 8,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 233,928 37,351 271,279
DEPRECIATION
At 1 January 2024 60,891 32,319 93,210
Charge for year 3,043 1,255 4,298
At 31 December 2024 63,934 33,574 97,508
NET BOOK VALUE
At 31 December 2024 169,994 3,777 173,771
At 31 December 2023 173,037 5,032 178,069

BLISS HAIRDRESSING LIMITED (REGISTERED NUMBER: 03897270)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 22,903 5,165
Prepayments 7,436 6,930
30,339 12,095

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 833 8,265
Taxation 2,242 2,438
Other taxes and social security 2,855 5,007
VAT 9,980 10,969
Credit card 311 2,654
Accrued expenses 12,080 18,023
28,301 47,356

8. CALLED UP SHARE CAPITAL

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

9. OTHER FINANCIAL COMMITMENTS

20242023
£   £   
Within one year5,25010,500
Between one and five years-28,875
5,25039,375


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
N Tedd
Balance outstanding at start of year 5,165 23,552
Amounts advanced 40,738 5,213
Amounts repaid (23,000 ) (23,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,903 5,165

The loan made to the director was unsecured, repayable on demand and with interest charged at the HMRC official rate of 2.25% for the whole period.