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Registration number: 07802593

The Barn Hair and Beauty Elloughton Limited

Unaudited Filleted Financial Statements

for the Period from 1 November 2023 to 30 April 2025

 

The Barn Hair and Beauty Elloughton Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Barn Hair and Beauty Elloughton Limited

Company Information

Directors

T J Snow

V Snow

Registered office

1D Stockbridge Road
Elloughton
Brough
East Yorkshire
HU15 1HW

 

The Barn Hair and Beauty Elloughton Limited

(Registration number: 07802593)
Balance Sheet as at 30 April 2025

Note

2025
£

2023
£

Fixed assets

 

Tangible assets

5

-

10,224

Current assets

 

Stocks

6

-

20,108

Debtors

7

-

17,443

Cash at bank and in hand

 

470

16,236

 

470

53,787

Creditors: Amounts falling due within one year

8

-

(7,122)

Net current assets

 

470

46,665

Total assets less current liabilities

 

470

56,889

Provisions for liabilities

-

(1,043)

Net assets

 

470

55,846

Capital and reserves

 

Called up share capital

5

5

Retained earnings

465

55,841

Shareholders' funds

 

470

55,846

For the financial period ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
V Snow
Director

 

The Barn Hair and Beauty Elloughton Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 April 2025

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 07802593.

The address of its registered office is:
1D Stockbridge Road
Elloughton
Brough
East Yorkshire
HU15 1HW
England

These financial statements were authorised for issue by the Board on 22 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Disclosure of long or short period

The entity changed the end of its reporting period from 31 October 2024 to 30 April 2025. Amounts presented for the 2025 reporting period are for an 18 month period. Comparative figures are for a 12 month period. Consequently, amounts between the periods are not comparable.

Going concern

The company ceased trading on 30 April 2025.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of hair and beauty services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

The Barn Hair and Beauty Elloughton Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 April 2025

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Equipment, fixtures and fittings

15% on reducing balance

Computer Equipment

33% on cost

Freehold buildings improvement

15% on reducing balance

Motor vehicles

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Goodwill has been amortised in line with FRS 102 1A.

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

The Barn Hair and Beauty Elloughton Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 April 2025

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of hair and beauty services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Barn Hair and Beauty Elloughton Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 April 2025

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 5 (2023 - 8).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

30,000

30,000

At 30 April 2025

30,000

30,000

Amortisation

At 1 November 2023

30,000

30,000

At 30 April 2025

30,000

30,000

Carrying amount

At 30 April 2025

-

-

5

Tangible assets

Property improvements
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

1,750

20,236

12,789

1,959

8,745

45,479

Additions

-

710

-

813

-

1,523

Disposals

(1,750)

(20,946)

(12,789)

(2,772)

(8,745)

(47,002)

At 30 April 2025

-

-

-

-

-

-

Depreciation

At 1 November 2023

1,501

14,046

10,696

1,120

7,892

35,255

Charge for the period

56

457

159

415

320

1,407

Eliminated on disposal

(1,557)

(14,503)

(10,855)

(1,535)

(8,212)

(36,662)

At 30 April 2025

-

-

-

-

-

-

Carrying amount

At 30 April 2025

-

-

-

-

-

-

At 31 October 2023

249

6,190

2,093

839

853

10,224

Included within the net book value of land and buildings above is £Nil (2023 - £249) in respect of property improvements.
 

 

The Barn Hair and Beauty Elloughton Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 30 April 2025

6

Stocks

2025
£

2023
£

Other inventories

-

20,108

7

Debtors

Current

2025
£

2023
£

Prepayments

-

950

Other debtors

-

16,493

 

-

17,443

8

Creditors

Creditors: amounts falling due within one year

2025
£

2023
£

Due within one year

Trade creditors

-

400

Taxation and social security

-

4,081

Accruals and deferred income

-

2,462

Other creditors

-

179

-

7,122

9

Related party transactions

Other transactions with Directors

At the year end, the amount owed to the Director by the Company was £Nil (2023: £(16,493)). The amount is unsecured, interest-free, and repayable on demand.