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Swell Hair Limited

Registered Number
08108584
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

Swell Hair Limited
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Mr A Bidwell

Registered Address

2 Dukes Court
Bognor Road
Chichester
PO19 8FX

Registered Number

08108584 (England and Wales)
Swell Hair Limited
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3364486
Tangible assets4510679
8741,165
Current assets
Stocks16,59318,401
Debtors1,4383,013
Cash at bank and on hand1,1202,285
19,15123,699
Creditors amounts falling due within one year(51,900)(49,727)
Net current assets (liabilities)(32,749)(26,028)
Total assets less current liabilities(31,875)(24,863)
Creditors amounts falling due after one year(139,265)(142,731)
Net assets(171,140)(167,594)
Capital and reserves
Called up share capital208208
Share premium149,992149,992
Profit and loss account(321,340)(317,794)
Shareholders' funds(171,140)(167,594)
The financial statements were approved and authorised for issue by the Director on 26 April 2025, and are signed on its behalf by:
Mr A Bidwell
Director
Registered Company No. 08108584
Swell Hair Limited
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
In view of the loan finance available to the company the directors consider that the company will be able to continue trading for a period of 12 months subsequent to the date the accounts were approved.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less amortisation. Amortisation is provided at 25% on reducing balance.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 July 2319,415
At 30 June 2419,415
Amortisation and impairment
At 01 July 2318,929
Charge for year122
At 30 June 2419,051
Net book value
At 30 June 24364
At 30 June 23486
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 23823
At 30 June 24823
Depreciation and impairment
At 01 July 23144
Charge for year169
At 30 June 24314
Net book value
At 30 June 24510
At 30 June 23679