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REGISTERED NUMBER: 03658431 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Newbury (T) Hairdressing Limited

Newbury (T) Hairdressing Limited (Registered number: 03658431)






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


Newbury (T) Hairdressing Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S S Sayer





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





REGISTERED NUMBER: 03658431 (England and Wales)





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

Newbury (T) Hairdressing Limited (Registered number: 03658431)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,566 667
Tangible assets 5 13,324 15,496
Investments 6 49 49
28,939 16,212

CURRENT ASSETS
Stocks 3,715 3,353
Debtors 7 177,567 44,841
Cash at bank and in hand 27,558 48,955
208,840 97,149
CREDITORS
Amounts falling due within one year 8 154,707 57,288
NET CURRENT ASSETS 54,133 39,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,072

56,073

PROVISIONS FOR LIABILITIES 2,975 3,440
NET ASSETS 80,097 52,633

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 79,947 52,483
SHAREHOLDERS' FUNDS 80,097 52,633

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 her 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.

Newbury (T) Hairdressing Limited (Registered number: 03658431)

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 9 June 2025 and were signed by:





S S Sayer - Director


Newbury (T) Hairdressing Limited (Registered number: 03658431)

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

1. STATUTORY INFORMATION

Newbury (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 invoiced 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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Newbury (T) Hairdressing Limited (Registered number: 03658431)

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

2. ACCOUNTING POLICIES - continued
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.

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 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Franchise Leasehold
Costs Cost Totals
£    £    £   
COST
At 1 September 2023 5,000 6,834 11,834
Additions 9,080 6,486 15,566
Disposals (243 ) - (243 )
At 31 August 2024 13,837 13,320 27,157
AMORTISATION
At 1 September 2023 4,333 6,834 11,167
Amortisation for year 424 - 424
At 31 August 2024 4,757 6,834 11,591
NET BOOK VALUE
At 31 August 2024 9,080 6,486 15,566
At 31 August 2023 667 - 667

Newbury (T) Hairdressing Limited (Registered number: 03658431)

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 87,289 3,890 91,179
Additions - 1,096 1,096
At 31 August 2024 87,289 4,986 92,275
DEPRECIATION
At 1 September 2023 72,004 3,679 75,683
Charge for year 3,057 211 3,268
At 31 August 2024 75,061 3,890 78,951
NET BOOK VALUE
At 31 August 2024 12,228 1,096 13,324
At 31 August 2023 15,285 211 15,496

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 49
NET BOOK VALUE
At 31 August 2024 49
At 31 August 2023 49

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 177,567 44,841

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors (8,242 ) (39,750 )
Taxation and social security 96,454 49,318
Other creditors 66,495 47,720
154,707 57,288

Newbury (T) Hairdressing Limited (Registered number: 03658431)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 27,158 50,000
Between one and five years 160,000 18,500
In more than five years 171,200 -
358,358 68,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
150 Ordinary £1 150 150

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 S Sayer
Balance outstanding at start of year 20,147 15,013
Amounts advanced 108,073 9,449
Amounts repaid (9,112 ) (4,315 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,108 20,147

At the year end, the director owed the company £119,108 (2023: £20,147).

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.