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Company Registration No. 05777953 (England and Wales)
THE HAIR STUDIO (THURSTON) LIMITED Unaudited accounts for the year ended 31 March 2025
THE HAIR STUDIO (THURSTON) LIMITED Unaudited accounts Contents
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THE HAIR STUDIO (THURSTON) LIMITED Company Information for the year ended 31 March 2025
Director
Alison Mccready
Company Number
05777953 (England and Wales)
Registered Office
14 HELDHAW ROAD BURY ST EDMUNDS SUFFOLK IP32 7ER
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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THE HAIR STUDIO (THURSTON) LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,736 
8,981 
Current assets
Inventories
2,500 
2,500 
Debtors
33,267 
36,826 
Cash at bank and in hand
8,980 
22,519 
44,747 
61,845 
Creditors: amounts falling due within one year
(24,484)
(36,660)
Net current assets
20,263 
25,185 
Total assets less current liabilities
26,999 
34,166 
Creditors: amounts falling due after more than one year
(26,307)
(33,674)
Net assets
692 
492 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
592 
392 
Shareholders' funds
692 
492 
For the year ending 31 March 2025 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 12 June 2025 and were signed on its behalf by
Alison Mccready Director Company Registration No. 05777953
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THE HAIR STUDIO (THURSTON) LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
THE HAIR STUDIO (THURSTON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05777953. The registered office is 14 HELDHAW ROAD, BURY ST EDMUNDS, SUFFOLK, IP32 7ER.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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THE HAIR STUDIO (THURSTON) LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2024
48,681 
At 31 March 2025
48,681 
Depreciation
At 1 April 2024
39,700 
Charge for the year
2,245 
At 31 March 2025
41,945 
Net book value
At 31 March 2025
6,736 
At 31 March 2024
8,981 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
540 
- 
Other debtors
32,727 
36,826 
33,267 
36,826 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
7,107 
6,984 
Trade creditors
2,490 
2,694 
Taxes and social security
14,798 
26,964 
Other creditors
89 
18 
24,484 
36,660 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
7,453 
11,220 
Other creditors
18,854 
22,454 
26,307 
33,674 
8
Average number of employees
During the year the average number of employees was 4 (2024: 5).
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