Company No: 06885199 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	M Creed
	A R Hall (Resigned 28 August 2024)
	J D Harding

SECRETARY

M Creed

REGISTERED OFFICE	76 High Street
	Witney
	OX28 6HL
	United Kingdom

COMPANY NUMBER

06885199 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	64,388		86,238
Tangible assets	4	354,730		364,433
		419,118		450,671
Current assets
Stocks		45,000		75,000
Debtors	5	22,500		30,956
Cash at bank and in hand		216,470		81,745
		283,970		187,701
Creditors: amounts falling due within one year	6	( 329,934)		( 224,132)
Net current liabilities		(45,964)		(36,431)
Total assets less current liabilities		373,154		414,240
Creditors: amounts falling due after more than one year	7	( 292,254)		( 365,756)
Provision for liabilities		( 3,779)		( 990)
Net assets		77,121		47,494
Capital and reserves
Called-up share capital		200		200
Profit and loss account		76,921		47,294
Total shareholders' funds		77,121		47,494

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Idlewild Hairdressing Ltd (registered number: 06885199) were approved and authorised for issue by the Board of Directors on 02 September 2025. They were signed on its behalf by:

M Creed Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Idlewild Hairdressing Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 76 High Street, Witney, OX28 6HL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Leasehold improvements	depreciated over the life of the lease
Office equipment	15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	41		41

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	437,000		437,000
At 30 April 2025	437,000		437,000
Accumulated amortisation
At 01 May 2024	350,762		350,762
Charge for the financial year	21,850		21,850
At 30 April 2025	372,612		372,612
Net book value
At 30 April 2025	64,388		64,388
At 30 April 2024	86,238		86,238

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2024	444,227		70,174		72,740		587,141
Additions	0		0		5,614		5,614
Disposals	0		( 8,758)		( 957)		( 9,715)
At 30 April 2025	444,227		61,416		77,397		583,040
Accumulated depreciation
At 01 May 2024	97,471		67,050		58,187		222,708
Charge for the financial year	8,885		59		2,738		11,682
Disposals	0		( 5,693)		( 387)		( 6,080)
At 30 April 2025	106,356		61,416		60,538		228,310
Net book value
At 30 April 2025	337,871		0		16,859		354,730
At 30 April 2024	346,756		3,124		14,553		364,433

5. Debtors

	2025		2024
	£		£
Corporation tax	0		1,256
Other debtors	22,500		29,700
	22,500		30,956

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	31,690		32,810
Taxation and social security	91,524		49,326
Other creditors	206,720		141,996
	329,934		224,132

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	55,525		90,936
Other creditors	236,729		274,820
	292,254		365,756

8. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating lease	9,863		23,750

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to directors	211,588		367,220