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REGISTERED NUMBER: 13169259 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Hair Bros Ltd

The Hair Bros Ltd (Registered number: 13169259)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


The Hair Bros Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr. N T Latham
Mr. S P Nother





REGISTERED OFFICE: 2 Waverley Street
The Groves
York
North Yorkshire
YO31 7QZ





REGISTERED NUMBER: 13169259 (England and Wales)





ACCOUNTANTS: Parker Hartley & Co
Incorporated Financial Accountants
2 Waverley Street
The Groves
York
YO31 7QZ

The Hair Bros Ltd (Registered number: 13169259)

Balance Sheet
31 March 2025

31/3/25 31/3/24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 121,838 109,398

CURRENT ASSETS
Stocks 5 3,335 2,915
Debtors 6 38,250 23,088
Cash at bank 218,411 139,116
259,996 165,119
CREDITORS
Amounts falling due within one year 7 118,016 69,763
NET CURRENT ASSETS 141,980 95,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,818

204,754

PROVISIONS FOR LIABILITIES 24,480 -
NET ASSETS 239,338 204,754

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 239,336 204,752
239,338 204,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:




Mr. N T Latham - Director



Mr. S P Nother - Director


The Hair Bros Ltd (Registered number: 13169259)

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

1. STATUTORY INFORMATION

The Hair Bros Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 8 (2024 - 6 ) .

The Hair Bros Ltd (Registered number: 13169259)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 22,798 119,713 6,983 149,494
Additions 6,660 25,725 755 33,140
At 31 March 2025 29,458 145,438 7,738 182,634
DEPRECIATION
At 1 April 2024 2,885 33,013 4,198 40,096
Charge for year 2,657 16,863 1,180 20,700
At 31 March 2025 5,542 49,876 5,378 60,796
NET BOOK VALUE
At 31 March 2025 23,916 95,562 2,360 121,838
At 31 March 2024 19,913 86,700 2,785 109,398

5. STOCKS
31/3/25 31/3/24
£    £   
Stocks 3,335 2,915

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Trade debtors 32,357 23,088
Prepayments 5,893 -
38,250 23,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/25 31/3/24
£    £   
Corporation Tax 66,540 33,754
Social security and other taxes - 5,996
VAT 40,163 22,169
Directors' loan accounts 4,501 1,416
Accrued expenses 6,812 6,428
118,016 69,763

8. OTHER FINANCIAL COMMITMENTS

The Hair Bros Ltd had outstanding commitments in respect of operating leases as at 31 March 2025 of £657,600. The breakdown of the periods that they are due are as follows:

Due in less than one year- £96,000

Total- £96,000

The Hair Bros Ltd (Registered number: 13169259)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25 31/3/24
£    £   
Mr. N T Latham
Balance outstanding at start of year 1,018 1,397
Amounts advanced 4,500 -
Amounts repaid (1,217 ) (379 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,301 1,018

Mr. S P Nother
Balance outstanding at start of year 397 1,081
Amounts advanced 4,500 -
Amounts repaid (4,697 ) (684 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200 397