Registration number: 04778603

Number 8 Hairdressing Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Number 8 Hairdressing Ltd

Company Information

Directors

Mr A Pascoe Mrs C Pascoe

Company secretary

Mr A Pascoe

Registered office

79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road Falmouth Cornwall TR11 4QD

Number 8 Hairdressing Ltd

(Registration number: 04778603)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	5,588	3,725
Current assets
Stocks		6,736	8,311
Debtors	6	29,000	6,110
Cash at bank and in hand		3,453	19,356
		39,189	33,777
Creditors: Amounts falling due within one year	7	(39,843)	(32,909)
Net current (liabilities)/assets		(654)	868
Total assets less current liabilities		4,934	4,593
Provisions for liabilities		(1,062)	(708)
Net assets		3,872	3,885
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		2,872	2,885
Shareholders' funds		3,872	3,885

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Number 8 Hairdressing Ltd

(Registration number: 04778603)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

......................................... Mrs C Pascoe Director

Number 8 Hairdressing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

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

The address of its registered office is:
79-81 Boslowick Road
Falmouth
Cornwall
TR11 4QD

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised under the accrual model.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Number 8 Hairdressing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

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
Improvements to property	15% Reducing balance basis
Plant and machinery	15% Reducing balance basis
Computer equipment	25% Reducing balance basis

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% Straight line basis

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.

Number 8 Hairdressing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 12).

Number 8 Hairdressing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 October 2023	60,000	60,000
At 30 September 2024	60,000	60,000
Amortisation
At 1 October 2023	60,000	60,000
At 30 September 2024	60,000	60,000
Carrying amount
At 30 September 2024	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 October 2023	4,326	1,914	5,865	12,105
Additions	-	-	3,085	3,085
Disposals	-	-	(358)	(358)
At 30 September 2024	4,326	1,914	8,592	14,832
Depreciation
At 1 October 2023	3,474	1,561	3,345	8,380
Charge for the year	128	88	812	1,028
Eliminated on disposal	-	-	(164)	(164)
At 30 September 2024	3,602	1,649	3,993	9,244
Carrying amount
At 30 September 2024	724	265	4,599	5,588
At 30 September 2023	852	353	2,520	3,725

Number 8 Hairdressing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

	2024 £	2023 £
Prepayments	4,848	4,191
Other debtors	24,152	1,919
	29,000	6,110

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	4,962	4,282
Taxation and social security	22,018	13,836
Accruals and deferred income	8,578	8,931
Other creditors	4,285	5,860
	39,843	32,909

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1,000	1,000	1,000	1,000