Hair By Imad Ltd - Filleted accounts

Registered number

09912463

Hair By Imad Ltd

Filleted Accounts

31 December 2024

Hair By Imad Ltd
Registered number:		09912463
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		14,192			2,820

Current assets
Debtors	4	13,888			47,013
Cash at bank and in hand		37,631			10,170
		51,519			57,183

Creditors: amounts falling due within one year	5	(32,279)			(39,932)

Net current assets			19,240			17,251

Net assets			33,432			20,071

Capital and reserves
Called up share capital			100			100
Profit and loss account			33,332			19,971

Shareholder's funds			33,432			20,071

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Imad Khalil Guli
Director
Approved by the board on 5 September 2025

Hair By Imad Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% Reducing balance


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				21,589
	Additions				16,103
	At 31 December 2024				37,692

	Depreciation
	At 1 January 2024				18,769
	Charge for the year				4,731
	At 31 December 2024				23,500

	Net book value
	At 31 December 2024				14,192
	At 31 December 2023				2,820


4	Debtors		2024		2023
£				£

	Other debtors		13,888		47,013


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		16,574		17,750
	Taxation and social security costs		12,652		20,076
	Other creditors		3,053		2,106
			32,279		39,932


6	Other information

	Hair By Imad Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1 City Point
	Friars Alley
	Lichfield
	West Midlands
	WS13 6QB