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Registered Number: 09832522
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2024

for

FLAIR HAIR DESIGN LIMITED

Director Hayley Watts
Registered Number 09832522
Registered Office 31/32 High Street
Wellingborough
Northamptonshire
NN8 4HL
Accountants Berry Kearsley Stockwell Ltd
Sterling House, 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets
Intangible fixed assets  
Tangible fixed assets 995    1,327 
995    1,327 
Current assets
Inventories 2,500    500 
Debtors 2 1,000    523 
Cash at bank and in hand 14,598    31,064 
18,098    32,087 
Creditors: amount falling due within one year 3 (18,621)   (18,883)
Net current assets/(liabilities) (523)   13,204 
 
Total assets less current liabilities 472    14,531 
Creditors: amount falling due after more than one year 4 (1,517)   (4,516)
Provisions for liabilities 5 (249)   (252)
Net assets/(liabilities) (1,294)   9,763 
 

Capital and reserves
Called up share capital 1    1 
Profit and loss account (1,295)   9,762 
Shareholders fund (1,294)   9,763 
 
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors:


----------------------------------
Hayley Watts
Director

Date approved: 21 July 2025
3
Statutory Information
FLAIR HAIR DESIGN LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 09832522, registration address 31/32 High Street, Wellingborough, Northamptonshire, NN8 4HL, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Going Concern
These financial statements have not been prepared on the going concern basis.
Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Goodwill
Goodwill arising a connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings25% Reducing Balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 680    306 
Other debtors less than one year 320    217 
1,000    523 
3.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 1,008    2,497 
Bank loans & overdrafts 3,234    3,234 
Taxation & social security less than one year 5,692    4,060 
Other creditors less than one year 8,687    9,092 
18,621    18,883 
4.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans & overdrafts 1,517    4,516 
1,517    4,516 
5.

Provisions for liabilities

2024
£
  2023
£
Deferred tax timing difference 249    252 
249    252 
6.

Share Capital

Allotted
2024
£
  2023
£
1 Ordinary Class A shares of £1.00 each  
 

7.

Average number of employees

Average number of employees during the year were 4 (2023: 4).
4