Registered number
09994914
Identity Hair And Beauty Limited
Filleted Accounts
31 March 2025
Identity Hair And Beauty Limited
Registered number: 09994914
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 5,839 8,757
Tangible assets 4 4,562 6,165
10,401 14,922
Current assets
Stocks 4,000 3,000
Cash at bank and in hand 1,770 -
5,770 3,000
Creditors: amounts falling due within one year 5 (62,087) (50,241)
Net current liabilities (56,317) (47,241)
Total assets less current liabilities (45,916) (32,319)
Provisions for liabilities (96) (232)
Net liabilities (46,012) (32,551)
Capital and reserves
Called up share capital 4 4
Profit and loss account (46,016) (32,555)
Shareholders' funds (46,012) (32,551)
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 Anne Giles
Director
Approved by the board on 19 June 2025
Identity Hair And Beauty Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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 over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment 33% straight line
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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 29,183
At 31 March 2025 29,183
Amortisation
At 1 April 2024 20,426
Provided during the year 2,918
At 31 March 2025 23,344
Net book value
At 31 March 2025 5,839
At 31 March 2024 8,757
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 Computer equipment Total
£ £ £
Cost
At 1 April 2024 35,971 370 36,341
At 31 March 2025 35,971 370 36,341
Depreciation
At 1 April 2024 30,053 123 30,176
Charge for the year 1,480 123 1,603
At 31 March 2025 31,533 246 31,779
Net book value
At 31 March 2025 4,438 124 4,562
At 31 March 2024 5,918 247 6,165
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 2,657
Director's loan account 53,215 29,970
Trade creditors 1,897 1,623
Taxation and social security costs 4,878 9,019
Other creditors 2,097 6,972
62,087 50,241
6 Other information
Identity Hair And Beauty Limited is a private company limited by shares and incorporated in England. Its registered office is:
Scouts Barn Ox House Lane
Failand
Bristol
BS8 3SL
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