Company registration number 05182470 (England and Wales)
Bladez Salon Limited
Annual report and unaudited financial statements
For the year ended 30 September 2024
Pages for filing with registrar
Bladez Salon Limited
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Bladez Salon Limited
Director's report
For the year ended 30 September 2024
- 1 -

The director presents his annual report and financial statements for the year ended 30 September 2024.

Principal activities
The principal activity of the company continued to be that of a hairdressing salon.
Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

D Willet
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
D Willet
Director
25 June 2025
Bladez Salon Limited
Balance sheet
As at 30 September 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,263
18,743
Current assets
Stocks
750
750
Debtors
4
2,861
2,918
Cash at bank and in hand
69,699
68,101
73,310
71,769
Creditors: amounts falling due within one year
5
(25,316)
(38,297)
Net current assets
47,994
33,472
Total assets less current liabilities
57,257
52,215
Provisions for liabilities
(1,760)
(3,380)
Net assets
55,497
48,835
Capital and reserves
Called up share capital
6
4
4
Profit and loss reserves
55,493
48,831
Total equity
55,497
48,835

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 June 2025
D Willet
Director
Company registration number 05182470 (England and Wales)
Bladez Salon Limited
Notes to the financial statements
For the year ended 30 September 2024
- 3 -
1
Accounting policies
Company information

Bladez Salon Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 New Dover Road, Folkestone, Kent, CT18 7JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of discounts and value added taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
Straight line basis over the term of the lease
Fixtures, fittings & equipment
25% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised 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 reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Bladez Salon Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
3
Tangible fixed assets
Land and buildings Leasehold
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
16,295
21,870
37,156
75,321
Depreciation and impairment
At 1 October 2023
14,581
21,870
20,127
56,578
Depreciation charged in the year
191
-
0
9,289
9,480
At 30 September 2024
14,772
21,870
29,416
66,058
Carrying amount
At 30 September 2024
1,523
-
0
7,740
9,263
At 30 September 2023
1,714
-
0
17,029
18,743
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,083
1,216
Prepayments and accrued income
1,778
1,702
2,861
2,918
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,739
2,082
Corporation tax
3,659
5,903
Other taxation and social security
9,300
8,924
Other creditors
6,735
18,755
Accruals and deferred income
2,883
2,633
25,316
38,297
Bladez Salon Limited
Notes to the financial statements (continued)
For the year ended 30 September 2024
- 5 -
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary of £1 each
4
4
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
12,000
12,000
8
Directors' transactions

Dividends totalling £500 (2023 - £3,000) were paid in the year in respect of shares held by the company's directors.

The director's loan account was not overdrawn during the year.

 

During the period the company paid £12,000 (2023 - £6,000) to Mr D Willet, a director, in respect of the rental of the company premises. At the balance sheet date there was £Nil (2023 - £6,000) outstanding.

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