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Unaudited Financial Statements for the Year Ended 30 September 2024

for

Damask Hair Ltd.

Damask Hair Ltd. (Registered number: SC246112)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Damask Hair Ltd.

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs P G Crawford





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC246112 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Damask Hair Ltd. (Registered number: SC246112)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,850 14,750
Tangible assets 5 2,538 2,986
11,388 17,736

CURRENT ASSETS
Stocks 7,200 5,500
Debtors 6 33,094 739
Cash at bank and in hand 1,201 34,307
41,495 40,546
CREDITORS
Amounts falling due within one year 7 55,783 43,863
NET CURRENT LIABILITIES (14,288 ) (3,317 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,900

)

14,419

CREDITORS
Amounts falling due after more than one
year

8

5,482

11,425
NET (LIABILITIES)/ASSETS (8,382 ) 2,994

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (8,384 ) 2,992
SHAREHOLDERS' FUNDS (8,382 ) 2,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Damask Hair Ltd. (Registered number: SC246112)

Balance Sheet - continued
30 September 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 12 June 2025 and were signed by:





Mrs P G Crawford - Director


Damask Hair Ltd. (Registered number: SC246112)

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

1. STATUTORY INFORMATION

Damask Hair Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 118,000
AMORTISATION
At 1 October 2023 103,250
Charge for year 5,900
At 30 September 2024 109,150
NET BOOK VALUE
At 30 September 2024 8,850
At 30 September 2023 14,750

Damask Hair Ltd. (Registered number: SC246112)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 5,294
DEPRECIATION
At 1 October 2023 2,308
Charge for year 448
At 30 September 2024 2,756
NET BOOK VALUE
At 30 September 2024 2,538
At 30 September 2023 2,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 33,094 739

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 17,577 5,400
Trade creditors 9,687 13,070
Taxation and social security 22,703 18,379
Other creditors 5,816 7,014
55,783 43,863

With regards Other Creditors above see note 10 below.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 5,482 11,425

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary "A" £1 2 2
1 Ordinary "B" £1 - -
2 2

Damask Hair Ltd. (Registered number: SC246112)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

30.9.24 30.9.23
£    £   
Mrs P G Crawford
Balance outstanding at start of year - 28,822
Amounts advanced 20,631 -
Amounts repaid - (28,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,631 -