BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is hairdressing. 11 June 2025 6 6 NI670209 2025-03-31 NI670209 2024-03-31 NI670209 2023-03-31 NI670209 2024-04-01 2025-03-31 NI670209 2023-04-01 2024-03-31 NI670209 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI670209 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI670209 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI670209 uk-bus:FullAccounts 2024-04-01 2025-03-31 NI670209 uk-core:ShareCapital 2025-03-31 NI670209 uk-core:ShareCapital 2024-03-31 NI670209 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI670209 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI670209 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI670209 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI670209 uk-bus:FRS102 2024-04-01 2025-03-31 NI670209 uk-core:Buildings 2024-04-01 2025-03-31 NI670209 uk-core:PlantMachinery 2024-04-01 2025-03-31 NI670209 uk-core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI670209 uk-core:WithinOneYear 2025-03-31 NI670209 uk-core:WithinOneYear 2024-03-31 NI670209 uk-core:AfterOneYear 2025-03-31 NI670209 uk-core:AfterOneYear 2024-03-31 NI670209 uk-core:BetweenTwoFiveYears 2025-03-31 NI670209 uk-core:BetweenTwoFiveYears 2024-03-31 NI670209 uk-core:EmployeeBenefits 2024-03-31 NI670209 uk-core:EmployeeBenefits 2024-04-01 2025-03-31 NI670209 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 NI670209 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 NI670209 uk-core:OtherDeferredTax 2025-03-31 NI670209 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-03-31 NI670209 uk-core:EmployeeBenefits 2025-03-31 NI670209 2024-04-01 2025-03-31 NI670209 uk-bus:Director1 2024-04-01 2025-03-31 NI670209 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI670209
 
 
HYGGE Professional Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2025
HYGGE Professional Ltd
Company Registration Number: NI670209
BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 4 36,863 44,304
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Current Assets
Stocks 5 23,775 31,440
Cash and cash equivalents 69,161 11,907
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92,936 43,347
───────── ─────────
Creditors: amounts falling due within one year 6 (25,425) (21,020)
───────── ─────────
Net Current Assets 67,511 22,327
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Total Assets less Current Liabilities 104,374 66,631
 
Creditors:
amounts falling due after more than one year 7 (63,062) (51,140)
 
Provisions for liabilities 8 (6,870) (8,051)
───────── ─────────
Net Assets 34,442 7,440
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 34,441 7,439
───────── ─────────
Equity attributable to owners of the company 34,442 7,440
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 11 June 2025
           
           
________________________________          
Chloe Ewing          
Director          
           



HYGGE Professional Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
HYGGE Professional Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI670209. The registered office of the company is 10 Tattyreagh Road, Omagh, Co Tyrone, BT78 1PY, Northern Ireland which is also the principal place of business of the company. The principal activity of the company is hairdressing. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - 20% Straight line
  Plant and machinery - 25% Reducing balance
  Fixtures, fittings and equipment - 15% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 6, (2024 - 6).
 
  2025 2024
  Number Number
 
Employee 6 6
  ═════════ ═════════
           
4. Tangible assets
  Short Plant and Fixtures, Total
  leasehold machinery fittings and  
  property   equipment  
  £ £ £ £
Cost
At 1 April 2024 6,121 6,098 66,424 78,643
Additions - - 513 513
  ───────── ───────── ───────── ─────────
At 31 March 2025 6,121 6,098 66,937 79,156
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2024 4,182 3,113 27,044 34,339
Charge for the financial year 1,224 746 5,984 7,954
  ───────── ───────── ───────── ─────────
At 31 March 2025 5,406 3,859 33,028 42,293
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2025 715 2,239 33,909 36,863
  ═════════ ═════════ ═════════ ═════════
At 31 March 2024 1,939 2,985 39,380 44,304
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2025 2024
  £ £
 
Finished goods and goods for resale 23,775 31,440
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Creditors 2025 2024
Amounts falling due within one year £ £
 
Trade creditors 487 5,024
Taxation 16,732 11,287
Other creditors - 258
Accruals:
Pension accrual - 470
Other accruals 8,206 3,981
  ───────── ─────────
  25,425 21,020
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Other Loan 10,000 5,000
Director's loan accounts 53,062 46,140
  ───────── ─────────
  63,062 51,140
  ═════════ ═════════
 
Loans
Repayable between two and five years 10,000 5,000
  ═════════ ═════════
 
           
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2025 2024
  £ £ £ £
 
At financial year start 8,050 1 8,051 6,821
Charged to profit and loss (1,181) - (1,181) 1,230
  ───────── ───────── ───────── ─────────
At financial year end 6,869 1 6,870 8,051
  ═════════ ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2025.
           
10. Related party transactions
 
At the start of the year Hygge Professional Ltd owed the company director £46,140. During the year Hygge professional Ltd borrowed £6,922 and repaid £Nil to the director, leaving a closing balance of £53,062 (2024: £46,140). This is included in the creditors section of the balance sheet.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.