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Registered number: 01064068
House Of Clive (Hair And Beauty) Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01064068
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,370,216 1,806,064
1,370,216 1,806,064
CURRENT ASSETS
Stocks 5 12,313 12,355
Debtors 6 395,213 422,054
Cash at bank and in hand 1,087,612 1,194,820
1,495,138 1,629,229
Creditors: Amounts Falling Due Within One Year 7 (942,984 ) (989,927 )
NET CURRENT ASSETS (LIABILITIES) 552,154 639,302
TOTAL ASSETS LESS CURRENT LIABILITIES 1,922,370 2,445,366
Creditors: Amounts Falling Due After More Than One Year - (44,008 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 541,215 -
Deferred Taxation 8 (215,686 ) (229,601 )
NET ASSETS 2,247,899 2,171,757
CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Profit and Loss Account 2,147,899 2,071,757
SHAREHOLDERS' FUNDS 2,247,899 2,171,757
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Clare Rendle
Director
28 May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
House Of Clive (Hair And Beauty) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01064068 . The registered office is Reflections House, 26 Oakfield Road, Clifton, Bristol, Somerset, BS8 2AT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the term of the lease
Plant & Machinery 5-20% Reducing Balance
Motor Vehicles 15-20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
The corporation tax charge for the year is lower than in previous periods. This reduction is primarily attributable to capital allowances claimed in respect of substantial renovation works carried out across multiple salon locations during the financial year. These qualifying capital expenditures have resulted in a increase in allowable deductions, thereby reducing the taxable profit and overall tax liability for the period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 164 (2023: 163)
164 163
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 October 2023 1,787,060 6,178,563 11,741 7,977,364
Additions 341,440 34,410 - 375,850
Disposals (541,215 ) - - (541,215 )
As at 30 September 2024 1,587,285 6,212,973 11,741 7,811,999
Depreciation
As at 1 October 2023 1,360,925 4,798,634 11,741 6,171,300
Provided during the period 163,800 106,683 - 270,483
As at 30 September 2024 1,524,725 4,905,317 11,741 6,441,783
Net Book Value
As at 30 September 2024 62,560 1,307,656 - 1,370,216
As at 1 October 2023 426,135 1,379,929 - 1,806,064
5. Stocks
2024 2023
£ £
Finished goods 12,313 12,355
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,077 22,186
Prepayments and accrued income 373,136 399,868
395,213 422,054
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 329,687 374,627
Bank loans and overdrafts 43,993 54,940
Corporation tax 5,458 6,657
Other taxes and social security 41,562 43,502
VAT 90,022 86,603
Pension 8,115 8,421
Accruals and deferred income 424,147 415,177
942,984 989,927
Secured loans
The bank loans are secured by an unlimited debenture dated 19 June 2015 incorporating a fixed and floating charge over the assets of the Company.
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 215,686 229,601
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 688,188 769,700
Later than one year and not later than five years 2,012,654 2,329,661
Later than five years 972,409 697,045
3,673,251 3,796,406
11. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £44,755 (2023 - £43,626). 
Contributions totaling £8,115 (2023 - £8,421) were payable to the fund at the reporting date and are included in creditors.
12. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 138,378 133,401
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13. Related Party Transactions
The company was under the control of CW Barrett throughout the current and previous years.
During the year the Company paid rent and insurance of £165,700 to Clive Executive Pension Fund (2023: £165,700), £21,000 (2023: £21,000) to CCB Properties, £32,000 (2023: £32,000) to MB Properties and £45,000 (2023: £45,000) to SS UK Property Ltd. CC Rendle, a director and shareholder of the company, is the sole proprietor of CCB Properties and SS UK Property Ltd and M Barrett, son of director CW Barrett, is the proprietor of MB Properties and SS UK Property Ltd.
At the year end, £87,160 was due to CWB Properties (2023: £87,160), £49,710 was due to House of Clive Executive Pension Fund (2023: £49,710), £5,250 (2023: £5,250) was due to CC Barrett Properties and £11,250 (2023: £11,250) was due to SS UK Property Ltd.
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