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REGISTERED NUMBER: 10285607 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Truro (T) Hairdressing Limited

Truro (T) Hairdressing Limited (Registered number: 10285607)






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


Truro (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Massey





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





REGISTERED NUMBER: 10285607 (England and Wales)





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

Truro (T) Hairdressing Limited (Registered number: 10285607)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,818 4,118
Tangible assets 5 494 306
3,312 4,424

CURRENT ASSETS
Stocks 3,301 2,663
Debtors 6 26,826 23,416
Cash at bank and in hand 134,990 115,134
165,117 141,213
CREDITORS
Amounts falling due within one year 7 121,669 92,258
NET CURRENT ASSETS 43,448 48,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,760

53,379

CREDITORS
Amounts falling due after more than one
year

8

(8,125

)

(18,116

)

PROVISIONS FOR LIABILITIES (124 ) (76 )
NET ASSETS 38,511 35,187

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 38,411 35,087
SHAREHOLDERS' FUNDS 38,511 35,187

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.

Truro (T) Hairdressing Limited (Registered number: 10285607)

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 27 May 2025 and were signed by:





S Massey - Director


Truro (T) Hairdressing Limited (Registered number: 10285607)

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

1. STATUTORY INFORMATION

Truro (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 invoices sales of goods and services, excluding value added tax.

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 five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five 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 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.

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.


Truro (T) Hairdressing Limited (Registered number: 10285607)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 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 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Costs Cost Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 4,502 2,000 6,502
AMORTISATION
At 1 September 2023 1,651 733 2,384
Amortisation for year 900 400 1,300
At 31 August 2024 2,551 1,133 3,684
NET BOOK VALUE
At 31 August 2024 1,951 867 2,818
At 31 August 2023 2,851 1,267 4,118

Truro (T) Hairdressing Limited (Registered number: 10285607)

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 - 2,107 2,107
Additions 539 - 539
At 31 August 2024 539 2,107 2,646
DEPRECIATION
At 1 September 2023 - 1,801 1,801
Charge for year 45 306 351
At 31 August 2024 45 2,107 2,152
NET BOOK VALUE
At 31 August 2024 494 - 494
At 31 August 2023 - 306 306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 26,826 23,416

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,364 14,818
Taxation and social security 60,022 36,303
Other creditors 34,283 31,137
121,669 92,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,125 18,116

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 26,000 25,625
Between one and five years 21,060 43,440
47,060 69,065

Truro (T) Hairdressing Limited (Registered number: 10285607)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.8.24 31.8.23
£    £   
S Massey
Balance outstanding at start of year (4,946 ) (361 )
Amounts advanced 7,757 802
Amounts repaid (3,552 ) (5,387 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (741 ) (4,946 )

At the year end, the company owed the director £741 (2023: £4,946).

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.