1 January 2024 false No description of principal activity Taxfiler 2024.6 04171001business:PrivateLimitedCompanyLtd2024-01-012024-12-31 041710012023-12-31 04171001business:EntityNoLongerTradingButTradedInPast2024-01-012024-12-31 041710012024-01-012024-12-31 04171001business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 04171001business:FilletedAccounts2024-01-012024-12-31 041710012024-12-31 04171001business:Director12024-01-012024-12-31 04171001business:RegisteredOffice2024-01-012024-12-31 041710012023-12-31 04171001core:WithinOneYear2024-12-31 04171001core:WithinOneYear2023-12-31 04171001core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 04171001core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 04171001core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 04171001core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 04171001core:PreviouslyStatedAmount2024-12-31 04171001core:PreviouslyStatedAmount2023-12-31 04171001business:SmallEntities2024-01-012024-12-31 04171001countries:EnglandWales2024-01-012024-12-31 04171001core:IntangibleAssetsOtherThanGoodwill2023-12-31 04171001core:IntangibleAssetsOtherThanGoodwill2024-12-31 04171001core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31 04171001core:ComputerEquipment2023-12-31 04171001core:ComputerEquipment2024-01-012024-12-31 04171001core:ComputerEquipment2024-12-31 04171001business:OrdinaryShareClass12024-01-012024-12-31 04171001business:OrdinaryShareClass12023-01-012023-12-31 04171001business:OrdinaryShareClass22024-01-012024-12-31 04171001business:OrdinaryShareClass22023-01-012023-12-31 04171001business:AllOrdinaryShares2024-01-012024-12-31 04171001business:AllOrdinaryShares2023-01-012023-12-31 041710012023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04171001 (England and Wales)
Hair Flair Limited Unaudited accounts for the year ended 31 December 2024
Hair Flair Limited Unaudited accounts Contents
Page
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Hair Flair Limited Company Information for the year ended 31 December 2024
Director
Mrs Alexandra Victoria Henrietta Malet
Company Number
04171001 (England and Wales)
Registered Office
c/o AccountsCo 47 Islington Park Street London N1 1QB
Accountants
AccountsCo 47 Islington Park Street London N1 1QB England
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Hair Flair Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
29,188 
Current assets
Inventories
- 
105,973 
Debtors
3,852 
5,262 
Cash at bank and in hand
1,332 
8,136 
5,184 
119,371 
Creditors: amounts falling due within one year
(378)
(4,323)
Net current assets
4,806 
115,048 
Net assets
4,806 
144,236 
Capital and reserves
Called up share capital
251 
251 
Profit and loss account
4,555 
143,985 
Shareholders' funds
4,806 
144,236 
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2025 and were signed on its behalf by
Mrs Alexandra Victoria Henrietta Malet Director Company Registration No. 04171001
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Hair Flair Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Hair Flair Limited is a private company, limited by shares, registered in England and Wales, registration number 04171001. The registered office is c/o AccountsCo, 47 Islington Park Street, London, N1 1QB. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared on a winding-up (non-going concern) basis. Accordingly, the assets have been measured at their estimated recoverable amounts, and all liabilities, including provisions, have been classified as current, as they are expected to be settled within the short term.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives (3 years). Tangible assets previously held by the company was fully depreciated in prior years. As the company is in the process of liquidation, and due to the age and condition of the assets, all remaining computer assets have been scrapped during the year. No residual value has been recognised, and the carrying value of these assets is now nil.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost or value of the asset can be measured reliably. Intangible assets primarily consist of patents and trademarks. In the current accounting period, an impairment review was conducted, and an impairment loss was recognised due to the company’s planned closure within the next 12 months. As a result, the carrying amounts of the affected intangible assets were adjusted to reflect their recoverable amounts, considering the company will cease operations.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Hair Flair Limited Notes to the Accounts for the year ended 31 December 2024
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. As a result of the planned cessation of the business within the next 12 months, stock has been fully impaired. An impairment charge of £105,973 has been recognised to reduce the carrying value of stock to its estimated recoverable amount of nil.
Deferred taxation
Deferred tax has not been provided for because of uncertainty regarding quantum and timing of future profitability.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
248,303 
At 31 December 2024
248,303 
Amortisation
At 1 January 2024
219,115 
Charge for the year
13,006 
Other increase/(decrease)
16,182 
At 31 December 2024
248,303 
Net book value
At 31 December 2024
- 
At 31 December 2023
29,188 
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Hair Flair Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
14,050 
Disposals
(14,050)
At 31 December 2024
- 
Depreciation
At 1 January 2024
14,050 
On disposals
(14,050)
At 31 December 2024
- 
Net book value
At 31 December 2024
- 
6
Inventories
2024 
2023 
£ 
£ 
Raw materials
- 
105,973 
- 
105,973 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
187 
196 
Other debtors
3,665 
5,066 
3,852 
5,262 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
322 
180 
Taxes and social security
56 
1,486 
Other creditors
- 
2,657 
378 
4,323 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
151 Ordinary of £1 each
151 
151 
100 A Ordinary of £1 each
100 
100 
251 
251 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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