REGISTERED NUMBER: 13814029 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Broady's Hair & Beauty Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Miss B L Broady

REGISTERED OFFICE:

32 Broad Street

Newent

Gloucestershire

GL18 1AJ

REGISTERED NUMBER:

13814029 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

Butler Place

1 Legg Street

Chelmsford

Essex

CM1 1JS

FIXED ASSETS

Tangible assets

4

4,130

6,612

CURRENT ASSETS

Stocks

1,000

750

Debtors

5

15

15

Cash at bank and in hand

7,215

4,626

8,230

5,391

CREDITORS

Amounts falling due within one year

6

12,546

18,553

NET CURRENT LIABILITIES

(4,316

)

(13,162

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(186

)

(6,550

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(286

)

(6,650

)

SHAREHOLDERS' FUNDS

(186

)

(6,550

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 13 August 2025 and were signed by:

Miss B L Broady - Director

1.	STATUTORY INFORMATION

Broady's Hair & Beauty Ltd 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 and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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 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 statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets by £186 (2024 - £6,550) at the balance sheet date. The director has given an undertaking to support the company until it returns to a net assets position. She considers that it is appropriate to prepare the accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2024

8,935

2,207

1,260

980

13,382

Additions

-

199

-

-

199

At 31 March 2025

8,935

2,406

1,260

980

13,581

Depreciation

At 1 April 2024

4,021

1,069

945

735

6,770

Charge for year

1,787

334

315

245

2,681

At 31 March 2025

5,808

1,403

1,260

980

9,451

Net book value

At 31 March 2025

3,127

1,003

-

-

4,130

At 31 March 2024

4,914

1,138

315

245

6,612

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

15

15

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

940

816

Taxation and social security

736

458

Other creditors

10,870

17,279

12,546

18,553

7.	RELATED PARTY DISCLOSURES

As 31 March 2025, the company owed the director Miss B L Broady £9,760 (2024 - £16,169). The balance owed, included within other creditors, is interest free and repayable to the director on demand.