SAKS HAIR (HOLDINGS) LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 02315625 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SAKS HAIR (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Cheesebrough

S Kee

SECRETARY:

D Cheesebrough

REGISTERED OFFICE:

2 Peel Court

24 St Cuthberts Way

Darlington

DL1 1GB

REGISTERED NUMBER:

02315625 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

FIXED ASSETS

Tangible assets

4

233,760

239,781

Investments

5

300

234,060

240,081

CURRENT ASSETS

Debtors

6

464,583

511,441

Cash at bank

386,179

537,989

850,762

1,049,430

CREDITORS

Amounts falling due within one year

7

367,972

529,822

NET CURRENT ASSETS

482,790

519,608

TOTAL ASSETS LESS CURRENT

LIABILITIES

716,850

759,689

CREDITORS

Amounts falling due after more than one

year

8

(54,018

)

(70,529

)

PROVISIONS FOR LIABILITIES

10

(3,800

)

(3,800

)

NET ASSETS

659,032

685,360

CAPITAL AND RESERVES

Called up share capital

11

50,200

Retained earnings

608,832

635,160

SHAREHOLDERS' FUNDS

659,032

685,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

D Cheesebrough - Director

S Kee - Director

1.	STATUTORY INFORMATION

Saks Hair (Holdings) 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 net invoiced sales of services and related income, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Consolidation

Advantage is taken of the exemptions conferred in section 398 of the Companies Act 2006 not to prepare group accounts on the basis that the group has met the qualifications for a small group as specified in the Act.

Investments

Investments are stated at cost, except where, in the opinion of the directors, there is a permanent impairment in value.

3.	EMPLOYEES AND DIRECTORS

The average number of directors and employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

301,062

4,515

305,577

DEPRECIATION

At 1 January 2024

61,282

4,514

65,796

Charge for year

6,021

-

6,021

At 31 December 2024

67,303

4,514

71,817

NET BOOK VALUE

At 31 December 2024

233,759

1

233,760

At 31 December 2023

239,780

1

239,781

5.	FIXED ASSET INVESTMENTS

Investments

in

subsidiaries

£

COST

At 1 January 2024

and 31 December 2024

300

NET BOOK VALUE

At 31 December 2024

300

At 31 December 2023

300

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

31,795

61,216

Amounts owed by subsidiary undertakings

88,896

112,531

Amounts owed by associated undertakings

17,170

22,282

Prepayments and accrued income

76,722

65,412

214,583

261,441

Amounts falling due after more than one year:

Amount owed by subsidiary undertaking

250,000

Aggregate amounts

464,583

511,441

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loan

16,479

15,276

Trade creditors

3,661

6,182

Amounts owed to subsidiary undertakings

4,083

Corporation tax

73,224

136,101

Social security and other taxes

61,610

118,461

Director's current account

815

Accruals and deferred income

208,100

248,904

367,972

529,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

2024

2023

£

Bank loan falling due in two to five years

repayable by instalments

54,018

70,529

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loan

70,497

85,805

The bank loan is secured on the freehold property and all assets owned by the company and a personal guarantee given by Mr S Kee.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

3,800

Deferred

tax

£

Balance at 1 January 2024

3,800

Movement

Balance at 31 December 2024

3,800

All of the deferred tax provision relates to accelerated capital allowances.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

25,100

A ordinary

£1

25,100

B ordinary

£1

25,100

50,200

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its wholly owned subsidiaries within the group.

During the year the company entered into the following transactions with other related parties:

The following balances were held with other related parties at the balance sheet date:

Net amounts owed (to) / from related parties

2024

2023

£ £

Saksessories Limited

17,170

22,282