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REGISTERED NUMBER: 09453883 (England and Wales)















ROSSANO FERRETTI SALONS LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2024






ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ROSSANO FERRETTI SALONS LIMITED

Company Information
for the year ended 30 September 2024







Directors: R Ferretti
G A Markwick
V Sehdeva





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 09453883 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 12,643 13,769

Current assets
Debtors 5 184,667 190,587
Cash at bank 656,791 943,050
841,458 1,133,637
Creditors
Amounts falling due within one year 6 251,193 660,615
Net current assets 590,265 473,022
Total assets less current liabilities 602,908 486,791

Provisions for liabilities 3,136 -
Net assets 599,772 486,791

Capital and reserves
Called up share capital 7 100 100
Retained earnings 599,672 486,691
Shareholders' funds 599,772 486,791

ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)

Balance Sheet - continued
30 September 2024


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 directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





G A Markwick - Director


ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)

Notes to the Financial Statements
for the year ended 30 September 2024

1. Statutory information

Rossano Ferretti Salons Limited ("the company") 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 financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 September 2024 (2023: year ended 30 September 2023).

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 represents fair value of the consideration received or receivable for services provided during the reporting period, excluding Value Added Tax. The following criteria must also be met before revenue is recognised:

Revenue is recognised by reference to the terms of the contract between the customer and Rossano Ferretti Salons Limited for the use of it's name in the period in which it was used. When the contract outcome cannot be measured reliably, revenue is recognised only to the extent of the receipt of the income.

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 - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less cost to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Income Statement during the period in which they are incurred.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. Accounting policies - continued
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.

Pensions
The company contributes to defined contribution pension plans for its employees. A defined contribution pension plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2023 7,098 22,569 29,667
Additions - 7,370 7,370
At 30 September 2024 7,098 29,939 37,037
Depreciation
At 1 October 2023 1,774 14,124 15,898
Charge for year 1,774 6,722 8,496
At 30 September 2024 3,548 20,846 24,394
Net book value
At 30 September 2024 3,550 9,093 12,643
At 30 September 2023 5,324 8,445 13,769

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 104,709 138,316
Amounts owed by group undertakings 17,135 36,509
Other debtors 11,874 2,353
VAT 13,093 13,113
Prepayments and accrued income 37,856 296
184,667 190,587

ROSSANO FERRETTI SALONS LIMITED (REGISTERED NUMBER: 09453883)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 5,070 130,789
Amounts owed to group undertakings 144,627 392,226
Corporation tax 40,051 28,708
Other creditors 60,000 60,568
Directors' current accounts 845 -
Accruals and deferred income 600 48,324
251,193 660,615

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

The Ordinary A and Ordinary B shares rank pari passu.

8. Pension commitments

The company contributes to defined contribution pension schemes. The assets of the schemes are held separately from those of the company in an independently administered fund. The pension cost charge separately represents contributions payable by the company to the schemes and amount to £69,535 (2023: £48,241).

£nil (2023: £nil) contributions were payable to the schemes at the balance sheet date.