REGISTERED NUMBER: 06504582 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Brothers Hair Sculpting Team Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Buckland

Mrs S B Buckland

SECRETARY:

Mrs S B Buckland

REGISTERED OFFICE:

33 Moreton Lane

Thame

Oxfordshire

OX9 2EW

REGISTERED NUMBER:

06504582 (England and Wales)

ACCOUNTANTS:

Danton Partners

7 Merlin Courtyard

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

7,729

10,642

7,729

10,642

CURRENT ASSETS

Stocks

53,339

50,022

Debtors

6

76,528

132,867

Cash at bank and in hand

2,388

45,280

132,255

228,169

CREDITORS

Amounts falling due within one year

7

139,139

207,877

NET CURRENT (LIABILITIES)/ASSETS

(6,884

)

20,292

TOTAL ASSETS LESS CURRENT LIABILITIES

845

30,934

CREDITORS

Amounts falling due after more than one year

8

24,845

30,815

NET (LIABILITIES)/ASSETS

(24,000

)

119

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(24,100

)

19

SHAREHOLDERS' FUNDS

(24,000

)

119

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 directors acknowledge their 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 Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

A J Buckland - Director

1.	STATUTORY INFORMATION

Brothers Hair Sculpting Team 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 represents the value of services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Leasehold improvements

-

at varying rates on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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 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.

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.

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 45 (2024 - 44 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

(89,653

)

AMORTISATION

At 1 April 2024

and 31 March 2025

(89,653

)

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

33,285

61,980

2,961

98,226

DEPRECIATION

At 1 April 2024

26,945

59,038

1,601

87,584

Charge for year

1,585

588

740

2,913

At 31 March 2025

28,530

59,626

2,341

90,497

NET BOOK VALUE

At 31 March 2025

4,755

2,354

620

7,729

At 31 March 2024

6,340

2,942

1,360

10,642

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Other debtors

64,028

120,367

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Other debtors

12,500

12,500

Aggregate amounts

76,528

132,867

Other debtors include £12,500 in respect of rent deposits that will not be repaid until the end of the leases.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

35,661

19,042

Trade creditors

18,836

48,025

Taxation and social security

81,653

73,934

Other creditors

2,989

66,876

139,139

207,877

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

24,845

30,815

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

55,250

98,500

Between one and five years

120,000

36,310

175,250

134,810

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

28,618

11,999

Bank loans

31,888

37,858

60,506

49,857

The Directors have provided a personal, joint and several guarantee for £102,000 to Barclays Bank plc.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1.00

100

100

12.	RELATED PARTY DISCLOSURES

Included in the directors' current account is £4,448 due from director, A J Buckland (2024: £60,068), £32,575 due from Mrs S B Buckland (2024: £32,575).

Included within other income in the year is interest received from the directors totalling £1,601 (2024: £1,532) in relation to interest due on the overdrawn directors loan account repayable to the company.

During the year the Directors have provided a personal, joint and several guarantee for £102,000 to Barclays Bank plc.

Interest is currently charged at a rate of 2.5% per annum.

13.	ULTIMATE CONTROLLING PARTY

The company was controlled during the current and previous period by its board of directors by virtue of the fact that between them they owned 100% of the ordinary share capital of the company.

14.	GOING CONCERN

After making enquiries, the director has formed a judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence. This is because the director has agreed to provide the company with continuous support for the foreseeable future.