Company Registration No. 05457603 (England and Wales)
IDOL HAIR LTD
Unaudited accounts
for the year ended 30 April 2025
IDOL HAIR LTD
Unaudited accounts
Contents
IDOL HAIR LTD
Company Information
for the year ended 30 April 2025
Company Number
05457603 (England and Wales)
Registered Office
241 Victoria Park Road
London
E9 7HD
United Kingdom
Accountants
Quantum Accounting & Finance Ltd
77 Hood Avenue
Southgate
London
N14 4QJ
IDOL HAIR LTD
Statement of financial position
as at 30 April 2025
Intangible assets
5,359
13,166
Tangible assets
8,426
10,534
Cash at bank and in hand
13,401
6,019
Creditors: amounts falling due within one year
(22,605)
(15,119)
Net current assets
4,151
4,292
Total assets less current liabilities
17,936
27,992
Creditors: amounts falling due after more than one year
(22,260)
(25,996)
Net (liabilities)/assets
(4,324)
1,996
Called up share capital
100
100
Profit and loss account
(4,424)
1,896
Shareholders' funds
(4,324)
1,996
For the year ending 30 April 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 his 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 27 May 2025 and were signed on its behalf by
Marc Luickx
Director
Company Registration No. 05457603
IDOL HAIR LTD
Notes to the Accounts
for the year ended 30 April 2025
IDOL HAIR LTD is a private company, limited by shares, registered in England and Wales, registration number 05457603. The registered office is 241 Victoria Park Road, London, E9 7HD, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
IDOL HAIR LTD
Notes to the Accounts
for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2024
35,000
32,914
67,914
At 30 April 2025
35,000
32,914
67,914
At 1 May 2024
35,000
19,748
54,748
Charge for the year
-
7,807
7,807
At 30 April 2025
35,000
27,555
62,555
At 30 April 2025
-
5,359
5,359
At 30 April 2024
-
13,166
13,166
Leasehold improvement amortised over the lease term of 5 years.
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
13,817
17,097
3,958
34,872
At 30 April 2025
13,817
17,097
3,958
34,872
At 1 May 2024
12,323
9,767
2,248
24,338
Charge for the year
300
1,466
342
2,108
At 30 April 2025
12,623
11,233
2,590
26,446
At 30 April 2025
1,194
5,864
1,368
8,426
At 30 April 2024
1,494
7,330
1,710
10,534
Amounts falling due within one year
IDOL HAIR LTD
Notes to the Accounts
for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,525
-
Taxes and social security
2,120
3,414
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 5 (2024: 5).