Registered number
11852149
Gorgeous Hair Limited
Filleted Accounts
31 March 2025
Gorgeous Hair Limited
Company Information
Director
G Bullock
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
9 Suffolk Parade
Cheltenham
Glos
Registered number
11852149
Gorgeous Hair Limited
Registered number: 11852149
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 41,110 55,315
Current assets
Stocks 8,573 7,290
Debtors 5 8,553 15,779
Cash at bank and in hand 102,144 61,590
119,270 84,659
Creditors: amounts falling due within one year 6 (54,672) (40,535)
Net current assets 64,598 44,124
Total assets less current liabilities 105,708 99,439
Creditors: amounts falling due after more than one year 7 (14,869) (25,061)
Net assets 90,839 74,378
Capital and reserves
Called up share capital 100 100
Profit and loss account 90,739 74,278
Shareholders' funds 90,839 74,378
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Bullock
Director
Approved by the board on 30 June 2025
Gorgeous Hair Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Furniture and equipment over 5 years
Fixtures & fittings over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 10,000
At 31 March 2025 10,000
Amortisation
At 1 April 2024 10,000
At 31 March 2025 10,000
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Furniture & equipment Fixtures & fittings Total
£ £ £
Cost
At 1 April 2024 15,882 61,521 77,403
Additions 491 - 491
At 31 March 2025 16,373 61,521 77,894
Depreciation
At 1 April 2024 9,012 13,076 22,088
Charge for the year 2,461 12,235 14,696
At 31 March 2025 11,473 25,311 36,784
Net book value
At 31 March 2025 4,900 36,210 41,110
At 31 March 2024 6,870 48,445 55,315
5 Debtors 2025 2024
£ £
Other debtors 8,553 15,779
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 44,961 31,326
Other creditors 9,711 9,209
54,672 40,535
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 14,869 25,053
Directors loan account - 8
14,869 25,061
8 Controlling party
The company is controlled by the director.
9 Other information
Gorgeous Hair Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Suffolk Parade
Cheltenham
Glos
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