IRIS Accounts Production v25.1.4.42 SC563734 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false "A" ordinary 1.00000 "B" ordinary 1.00000 "C" ordinary 1.00000 "D" ordinary 1.00000 "E" ordinary 1.00000 "E" ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5637342023-12-31SC5637342024-12-31SC5637342024-01-012024-12-31SC5637342022-12-31SC5637342023-01-012023-12-31SC5637342023-12-31SC563734ns15:Scotland2024-01-012024-12-31SC563734ns14:PoundSterling2024-01-012024-12-31SC563734ns10:Director12024-01-012024-12-31SC563734ns10:PrivateLimitedCompanyLtd2024-01-012024-12-31SC563734ns10:SmallEntities2024-01-012024-12-31SC563734ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-31SC563734ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-31SC563734ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-31SC563734ns10:FullAccounts2024-01-012024-12-31SC563734ns10:OrdinaryShareClass12024-01-012024-12-31SC563734ns10:OrdinaryShareClass22024-01-012024-12-31SC563734ns10:OrdinaryShareClass32024-01-012024-12-31SC563734ns10:OrdinaryShareClass42024-01-012024-12-31SC563734ns10:OrdinaryShareClass52024-01-012024-12-31SC563734ns10:OrdinaryShareClass552024-01-012024-12-31SC563734ns10:Director22024-01-012024-12-31SC563734ns10:RegisteredOffice2024-01-012024-12-31SC563734ns5:CurrentFinancialInstruments2024-12-31SC563734ns5:CurrentFinancialInstruments2023-12-31SC563734ns5:Non-currentFinancialInstruments2024-12-31SC563734ns5:Non-currentFinancialInstruments2023-12-31SC563734ns5:ShareCapital2024-12-31SC563734ns5:ShareCapital2023-12-31SC563734ns5:RetainedEarningsAccumulatedLosses2024-12-31SC563734ns5:RetainedEarningsAccumulatedLosses2023-12-31SC563734ns5:PlantMachinery2024-01-012024-12-31SC563734ns5:PlantMachinery2023-12-31SC563734ns5:PlantMachinery2024-12-31SC563734ns5:PlantMachinery2023-12-31SC563734ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-31SC563734ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31SC563734ns10:OrdinaryShareClass12024-12-31SC563734ns10:OrdinaryShareClass22024-12-31SC563734ns10:OrdinaryShareClass32024-12-31SC563734ns10:OrdinaryShareClass42024-12-31SC563734ns10:OrdinaryShareClass52024-12-31
















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Charlie Taylor Hair & Beauty Limited

Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charlie Taylor Hair & Beauty Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A J D Taylor
Mrs C Taylor





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC563734 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,005 12,947

CURRENT ASSETS
Stocks 53,984 45,454
Debtors 5 108,487 17,704
Cash at bank and in hand 25,873 29,972
188,344 93,130
CREDITORS
Amounts falling due within one year 6 123,657 69,282
NET CURRENT ASSETS 64,687 23,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,692

36,795

CREDITORS
Amounts falling due after more than one
year

7

(68,945

)

(30,767

)

PROVISIONS FOR LIABILITIES (2,609 ) (2,460 )
NET ASSETS 4,138 3,568

CAPITAL AND RESERVES
Called up share capital 8 105 100
Retained earnings 4,033 3,468
SHAREHOLDERS' FUNDS 4,138 3,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)

Balance Sheet - continued
31 December 2024


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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





A J D Taylor - Director


Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Charlie Taylor Hair & Beauty Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 34,735
DEPRECIATION
At 1 January 2024 21,788
Charge for year 1,942
At 31 December 2024 23,730
NET BOOK VALUE
At 31 December 2024 11,005
At 31 December 2023 12,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 108,487 17,704

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 6,212 6,212
Trade creditors 19,769 19,846
Taxation and social security 64,503 28,973
Other creditors 33,173 14,251
123,657 69,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 25,454 30,767
Other creditors 43,491 -
68,945 30,767

Charlie Taylor Hair & Beauty Limited (Registered number: SC563734)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
45 "A" ordinary o1 45 45
45 "B" ordinary o1 45 45
5 "C" ordinary o1 5 5
5 "D" ordinary o1 5 5
5 "E" ordinary o1 5 -
105 100

Allotted and issued:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
5 Share capital 5 o1 5 -

The following shares were issued during the year for cash at par :

5 "E" ordinary shares of o1

9. RELATED PARTY DISCLOSURES

The company was under the control of it's directors and shareholders, Mr and Mrs Taylor during the year. Mr and Mrs Taylor are trustees of James Hay Pension Trustees Ltd (JHPTL), which was paid rent by the company amounting to £23,000 (2023 - £23,000) during the year.

Mr and Mrs Taylor also have a controlling interest in Charlie Taylor Hair Design Limited (SC104115). The company was due to receive £104,654 (2023 - £13,871) as at 31st December 2024 as disclosed under other debtors.The company received £40,000 management fee from Charlie Taylor Hair Design Ltd disclosed under sundry income.