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REGISTERED NUMBER: 04589994 (England and Wales)









THE-SALON.NET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE-SALON.NET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: O Tsang





SECRETARY: O Tsang





REGISTERED OFFICE: 9, Halesowen Street
Blackheath
West Midlands
B65 0HG





REGISTERED NUMBER: 04589994 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,565 222,551

CURRENT ASSETS
Stocks 22,781 21,951
Debtors 5 8,788 4,626
Cash at bank and in hand 16,629 26,620
48,198 53,197
CREDITORS
Amounts falling due within one year 6 36,212 40,752
NET CURRENT ASSETS 11,986 12,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,551

234,996

CREDITORS
Amounts falling due after more than
one year

7

(69,435

)

(80,484

)

PROVISIONS FOR LIABILITIES (1,087 ) (1,341 )
NET ASSETS 162,029 153,171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,929 153,071
SHAREHOLDERS' FUNDS 162,029 153,171

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

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

The director acknowledges his 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.

THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 28 May 2025 and were signed by:





O Tsang - Director


THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

The-Salon.Net Limited is a private company, limited by shares , registered in England and Wales. 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 - 33% on reducing balance and 25% 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.

THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

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 15 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 214,846 91,140 305,986
DEPRECIATION
At 1 November 2023 - 83,435 83,435
Charge for year - 1,986 1,986
At 31 October 2024 - 85,421 85,421
NET BOOK VALUE
At 31 October 2024 214,846 5,719 220,565
At 31 October 2023 214,846 7,705 222,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,920 685
Other debtors 5,868 3,941
8,788 4,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,378 15,691
Taxation and social security 20,414 19,886
Other creditors 9,420 5,175
36,212 40,752

THE-SALON.NET LIMITED (REGISTERED NUMBER: 04589994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 69,435 80,484

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,435 80,484

The Mortgage is secured on the Company Property. The Directors have also given a joint and several personal guarantee for the amount of the mortgage outstanding.