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REGISTERED NUMBER: 03362451 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

MINISTRY OF HAIR LIMITED

MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINISTRY OF HAIR LIMITED

Company Information
for the year ended 31 March 2025







DIRECTOR: T P Meyer



REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB



REGISTERED NUMBER: 03362451 (England and Wales)



ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB



BANKERS: National Westminster Bank plc
96 Terminus Road
Eastbourne
East Sussex
BN21 3AA

MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Balance Sheet
31 March 2025

2025 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 39,762 9,958

CURRENT ASSETS
Stocks 5,500 5,495
Debtors 5 42,950 65,950
Cash at bank 23,686 26,081
72,136 97,526
CREDITORS
Amounts falling due within one year 6 (32,938 ) (33,898 )
NET CURRENT ASSETS 39,198 63,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,960

73,586

CREDITORS
Amounts falling due after more than one
year

7

(32,537

)

(18,012

)

PROVISIONS FOR LIABILITIES 9 - (241 )
NET ASSETS 46,423 55,333

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 46,421 55,331
SHAREHOLDERS' FUNDS 46,423 55,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Balance Sheet - continued
31 March 2025


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 8 July 2025 and were signed by:





T P Meyer - Director


MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Ministry of Hair Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business address can be found on the Company Information page.

The presentational currency of the financial statements is the Pound Sterling (£).

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 the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of goods is recognised at the point of sale and revenue from service charges is recognised on an accruals basis.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Leasehold improvements-10% on cost
Fixtures & equipment-20% on reducing balance
Motor vehicles-25% on cost
Computer equipment -33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit and loss account.

Financial instruments
Financial assets, financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.


MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further payment obligations.

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

Government assistance
Included in bank loans is a bounce-back loan which is guaranteed by the government. As part of the bounce-back loan scheme, the government agrees to pay the first year of interest on the loan.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
improvements equipment vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2024 133,671 75,936 7,416 7,614 224,637
Additions - - 39,635 219 39,854
Disposals - - (7,416 ) - (7,416 )
At 31 March 2025 133,671 75,936 39,635 7,833 257,075
DEPRECIATION
At 1 April 2024 133,671 69,988 3,708 7,312 214,679
Charge for year - 1,226 4,941 175 6,342
Eliminated on disposal - - (3,708 ) - (3,708 )
At 31 March 2025 133,671 71,214 4,941 7,487 217,313
NET BOOK VALUE
At 31 March 2025 - 4,722 34,694 346 39,762
At 31 March 2024 - 5,948 3,708 302 9,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other debtors 42,950 65,950

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 3,313 3,232
Hire purchase contracts 4,953 -
Trade creditors 1,652 1,957
Taxation and social security 4,519 3,175
Other creditors 18,501 25,534
32,938 33,898

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£ £
Bank loans 14,699 18,012
Hire purchase contracts 17,838 -
32,537 18,012

MINISTRY OF HAIR LIMITED (REGISTERED NUMBER: 03362451)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 18,012 21,244

There is a fixed and floating charge over the assets of the business.

9. PROVISIONS FOR LIABILITIES
2025 2024
£ £
Deferred tax - 241

Deferred tax
£
Balance at 1 April 2024 241
Accelerated capital allowances (241 )
Balance at 31 March 2025 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
2 Ordinary £1 2 2

11. RELATED PARTY DISCLOSURES

Wingrove Estates Limited is a company under the control of the director T Meyer.

During the year the company received £3,000 from Wingrove Estates Limited. The total amount of £42,950 (2024: £45,950) remained unpaid at the year end.