Registered number
04906236
H20 (Hair to Order Wokingham ) Ltd
Filleted Accounts
31 December 2024
H20 (Hair to Order Wokingham ) Ltd
Registered number: 04906236
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 2,610 3,474
Current assets
Stocks 7,040 7,040
Debtors 5 81,792 84,303
Cash at bank and in hand 93,387 94,597
182,219 185,940
Creditors: amounts falling due within one year 6 (45,430) (47,707)
Net current assets 136,789 138,233
Total assets less current liabilities 139,399 141,707
Creditors: amounts falling due after more than one year 7 (17,000) (17,000)
Net assets 122,399 124,707
Capital and reserves
Called up share capital 100 100
Profit and loss account 122,299 124,607
Shareholders' funds 122,399 124,707
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs G E Reed
Director
Approved by the board on 9 May 2025
H20 (Hair to Order Wokingham ) Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 21
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 225,000
At 31 December 2024 225,000
Amortisation
At 1 January 2024 225,000
At 31 December 2024 225,000
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 63,509
At 31 December 2024 63,509
Depreciation
At 1 January 2024 60,035
Charge for the year 864
At 31 December 2024 60,899
Net book value
At 31 December 2024 2,610
At 31 December 2023 3,474
5 Debtors 2024 2023
£ £
Trade debtors 14,171 16,252
Other debtors 67,621 68,051
81,792 84,303
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,479 6,825
Taxation and social security costs 37,478 38,934
Other creditors 2,473 1,948
45,430 47,707
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 17,000 17,000
8 Other information
H20 (Hair to Order Wokingham ) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Quartz Close, Wokingham, Berkshire. RG41 3TS
H20 (Hair to Order Wokingham ) Ltd 04906236 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Mrs G E Reed No description of principal activity 04906236 2023-01-01 2023-12-31 04906236 core:WithinOneYear 2023-12-31 04906236 core:AfterOneYear 2023-12-31 04906236 core:ShareCapital 2023-12-31 04906236 core:RetainedEarningsAccumulatedLosses 2023-12-31 04906236 2024-01-01 2024-12-31 04906236 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04906236 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04906236 bus:Director40 2024-01-01 2024-12-31 04906236 1 2024-01-01 2024-12-31 04906236 2 2024-01-01 2024-12-31 04906236 core:PlantMachinery 2024-01-01 2024-12-31 04906236 countries:England 2024-01-01 2024-12-31 04906236 bus:FRS102 2024-01-01 2024-12-31 04906236 bus:FilletedAccounts 2024-01-01 2024-12-31 04906236 2024-12-31 04906236 core:WithinOneYear 2024-12-31 04906236 core:AfterOneYear 2024-12-31 04906236 core:ShareCapital 2024-12-31 04906236 core:RetainedEarningsAccumulatedLosses 2024-12-31 04906236 core:Goodwill 2024-12-31 04906236 core:PlantMachinery 2024-12-31 04906236 2023-12-31 04906236 core:Goodwill 2023-12-31 04906236 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure