From the Root, Hair & Wellness Limited 05278875 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of hairdressing and wellness services. Digita Accounts Production Advanced 6.30.9574.0 true 05278875 2024-04-01 2025-03-31 05278875 2025-03-31 05278875 bus:OrdinaryShareClass1 2025-03-31 05278875 core:CurrentFinancialInstruments 2025-03-31 05278875 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05278875 core:Non-currentFinancialInstruments 2025-03-31 05278875 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 05278875 core:Goodwill 2025-03-31 05278875 core:FurnitureFittingsToolsEquipment 2025-03-31 05278875 core:OtherPropertyPlantEquipment 2025-03-31 05278875 bus:SmallEntities 2024-04-01 2025-03-31 05278875 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05278875 bus:FilletedAccounts 2024-04-01 2025-03-31 05278875 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05278875 bus:RegisteredOffice 2024-04-01 2025-03-31 05278875 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 05278875 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 05278875 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05278875 core:Goodwill 2024-04-01 2025-03-31 05278875 core:FurnitureFittings 2024-04-01 2025-03-31 05278875 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 05278875 core:OfficeEquipment 2024-04-01 2025-03-31 05278875 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 05278875 core:PlantMachinery 2024-04-01 2025-03-31 05278875 countries:AllCountries 2024-04-01 2025-03-31 05278875 2024-03-31 05278875 core:Goodwill 2024-03-31 05278875 core:FurnitureFittingsToolsEquipment 2024-03-31 05278875 core:OtherPropertyPlantEquipment 2024-03-31 05278875 2023-04-01 2024-03-31 05278875 2024-03-31 05278875 bus:OrdinaryShareClass1 2024-03-31 05278875 core:CurrentFinancialInstruments 2024-03-31 05278875 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05278875 core:Non-currentFinancialInstruments 2024-03-31 05278875 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05278875 core:FurnitureFittingsToolsEquipment 2024-03-31 05278875 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05278875

From the Root, Hair & Wellness Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

From the Root, Hair & Wellness Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

From the Root, Hair & Wellness Limited

(Registration number: 05278875)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

1,419

1,463

Current assets

 

Stocks

6

3,825

3,477

Debtors

7

1,799

783

Cash at bank and in hand

 

42,881

52,704

 

48,505

56,964

Creditors: Amounts falling due within one year

8

(15,834)

(17,946)

Net current assets

 

32,671

39,018

Total assets less current liabilities

 

34,090

40,481

Creditors: Amounts falling due after more than one year

8

(1,500)

(7,500)

Provisions for liabilities

(284)

(293)

Net assets

 

32,306

32,688

Capital and reserves

 

Called up share capital

9

50

50

Retained earnings

32,256

32,638

Shareholders' funds

 

32,306

32,688

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

From the Root, Hair & Wellness Limited

(Registration number: 05278875)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 14 May 2025
 

.........................................
Mrs J L Brown
Company secretary and director

 

From the Root, Hair & Wellness Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the director on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

From the Root, Hair & Wellness Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

25% on reducing balance

Office equipment

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

 

From the Root, Hair & Wellness Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

20,000

20,000

At 31 March 2025

20,000

20,000

Amortisation

At 1 April 2024

20,000

20,000

At 31 March 2025

20,000

20,000

Carrying amount

At 31 March 2025

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 April 2024

22,725

2,602

25,327

Additions

-

428

428

At 31 March 2025

22,725

3,030

25,755

Depreciation

At 1 April 2024

21,816

2,048

23,864

Charge for the year

227

245

472

At 31 March 2025

22,043

2,293

24,336

Carrying amount

At 31 March 2025

682

737

1,419

At 31 March 2024

909

554

1,463

6

Stocks

2025
£

2024
£

Other inventories

3,825

3,477

 

From the Root, Hair & Wellness Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current

2025
£

2024
£

Other debtors

1,799

783

 

1,799

783

 

From the Root, Hair & Wellness Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

6,000

6,000

Taxation and social security

 

8,235

8,633

Accruals and deferred income

 

1,300

1,250

Other creditors

 

299

2,063

 

15,834

17,946

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

1,500

7,500

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary £1 of £1 each

50

50

50

50

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,500

7,500

Current loans and borrowings

2025
£

2024
£

Bank borrowings

6,000

6,000