GENESIS HAIR STUDIO LIMITED

Company Registration Number:
04544325 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

GENESIS HAIR STUDIO LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

GENESIS HAIR STUDIO LIMITED

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

The Company's principal activity is the provision of hairdressing services through the presence of a salon in Leigh ,Tonbridge ,Kent .



Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

L D Bose
P A Bose


Secretary P A Bose

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 June 2025

And signed on behalf of the board by:
Name: P A Bose
Status: Secretary

GENESIS HAIR STUDIO LIMITED

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,441 1,922
Total fixed assets: 1,441 1,922
Current assets
Stocks: 4 3,350 3,350
Debtors: 5 3,251 5,424
Cash at bank and in hand: 20,353 26,040
Total current assets: 26,954 34,814
Creditors: amounts falling due within one year: 6 ( 14,036 ) ( 15,682 )
Net current assets (liabilities): 12,918 19,132
Total assets less current liabilities: 14,359 21,054
Creditors: amounts falling due after more than one year: 7 ( 16,708 ) ( 20,420 )
Provision for liabilities: ( 237 ) ( 320 )
Total net assets (liabilities): (2,586) 314
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (2,686 ) 214
Total Shareholders' funds: ( 2,586 ) 314

The notes form part of these financial statements

GENESIS HAIR STUDIO LIMITED

Balance sheet statements

For the year ending 30 November 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 June 2025
and signed on behalf of the board by:

Name: L D Bose
Status: Director

The notes form part of these financial statements

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value of services carried out during the year up to the balance sheet date in the course of its principal activity.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment, Fixtures and Fittings - 25% reducing balance basis.

    Intangible fixed assets amortisation policy

    Intangible fixed assets being goodwill is amortised at a rate of 20% calculated to write-off the asset on a straight line basis over its useful economic life.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value.

    Other accounting policies

    Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans: Loans and other financing arrangements are initially recognised at the transaction price including any associated costs. Interest is charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at the constant rate on the carrying amount.

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 35,349 35,349
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 35,349 35,349
Depreciation
At 1 December 2023 33,427 33,427
Charge for year 481 481
On disposals
Other adjustments
At 30 November 2024 33,908 33,908
Net book value
At 30 November 2024 1,441 1,441
At 30 November 2023 1,922 1,922

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 3,350 3,350
Total 3,350 3,350

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Other debtors 3,251 5,424
Total 3,251 5,424

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,713 3,713
Taxation and social security 7,550 8,866
Other creditors 2,773 3,103
Total 14,036 15,682

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 16,708 20,420
Total 16,708 20,420

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

8. Financial Commitments

The Company and its Directors L D Bose and P A Bose are parties to a lease of its business premises up to 30 June 2026 at an annual commitment of £11,000 (2023: £11,000 )

GENESIS HAIR STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2024

9. Loans to directors

Name of director receiving advance or credit: L D Bose
Description of the transaction:
Short Term Loan Advance-Loan repaid on 20/08/2024.
£
Balance at 30 November 2023 2,628
Advances or credits made:
Advances or credits repaid: 2,628
Balance at 30 November 2024 0

Name of director receiving advance or credit: P A Bose
Description of the transaction:
Short Term Loan ,not repaid at 30/11/2024.
£
Balance at 30 November 2023
Advances or credits made: 1,129
Advances or credits repaid:
Balance at 30 November 2024 1,129

Name of director receiving advance or credit: L D Bose
Description of the transaction:
Short Term Loan Advance , not repaid at 30/11/2024
£
Balance at 30 November 2023
Advances or credits made: 1,129
Advances or credits repaid:
Balance at 30 November 2024 1,129

Name of director receiving advance or credit: P A Bose
Description of the transaction:
Short Term Loan Advance repaid 20/08/2024
£
Balance at 30 November 2023 2,628
Advances or credits made:
Advances or credits repaid: 2,628
Balance at 30 November 2024 0