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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
Page
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IDOL HAIR LTD Company Information for the year ended 30 April 2025
Director
Marc Luickx
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
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IDOL HAIR LTD Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,359 
13,166 
Tangible assets
8,426 
10,534 
13,785 
23,700 
Current assets
Inventories
12,500 
12,736 
Debtors
855 
656 
Cash at bank and in hand
13,401 
6,019 
26,756 
19,411 
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 
Capital and reserves
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
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IDOL HAIR LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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
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.
Pension costs
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.
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IDOL HAIR LTD Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 May 2024
35,000 
32,914 
67,914 
At 30 April 2025
35,000 
32,914 
67,914 
Amortisation
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 
Net book value
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 
Depreciation
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 
Net book value
At 30 April 2025
1,194 
5,864 
1,368 
8,426 
At 30 April 2024
1,494 
7,330 
1,710 
10,534 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
268 
Trade debtors
855 
388 
855 
656 
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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 
- 
VAT
11,916 
9,823 
Trade creditors
44 
1,743 
Taxes and social security
2,120 
3,414 
Other creditors
- 
139 
22,605 
15,119 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
22,260 
25,996 
Bounce Back Loan
9
Share capital
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).
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