Haz Afro Cosmetics Limited - Filleted accounts

Registered number

05685158

Haz Afro Cosmetics Limited

Filleted Accounts

31 January 2025

Haz Afro Cosmetics Limited
Registered number:		05685158
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		11,200			12,600
Tangible assets	4		528,302			489,694
			539,502			502,294

Current assets
Stocks		1,146,800			1,067,898
Debtors	5	815,484			659,487
Cash at bank and in hand		1,993,364			1,877,364
		3,955,648			3,604,749

Creditors: amounts falling due within one year	6	(975,310)			(897,472)

Net current assets			2,980,338			2,707,277

Total assets less current liabilities			3,519,840			3,209,571

Creditors: amounts falling due after more than one year	7		(237,258)			(248,781)



Net assets			3,282,582			2,960,790

Capital and reserves
Called up share capital			100			100
Profit and loss account			3,282,482			2,960,690

Shareholders' funds			3,282,582			2,960,790

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 members have 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.




Mr Hussain M Teja
Director
Approved by the board on 18 September 2025

Haz Afro Cosmetics Limited
Notes to the Accounts
for the year ended 31 January 2025


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:

	Motor vehicles			25% written down value
	Plant and machinery			25% written down value
	Fixtures, fittings, tools and equipment			25% written down value


	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					22		16


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2024							35,000
	At 31 January 2025							35,000

	Amortisation
	At 1 February 2024							22,400
	Provided during the year							1,400
	At 31 January 2025							23,800

	Net book value
	At 31 January 2025							11,200
	At 31 January 2024							12,600

	Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	469,552		95,925		14,916		580,393
	Additions	-		682		54,444		55,126
	At 31 January 2025	469,552		96,607		69,360		635,519

	Depreciation
	At 1 February 2024	-		76,120		14,579		90,699
	Charge for the year	-		6,772		9,746		16,518
	At 31 January 2025	-		82,892		24,325		107,217

	Net book value
	At 31 January 2025	469,552		13,715		45,035		528,302
	At 31 January 2024	469,552		19,805		337		489,694


5	Debtors					2025		2024
£							£

	Trade debtors					699,897		647,987
	Other debtors					115,587		11,500
						815,484		659,487


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					38,576		32,227
	Trade creditors					515,620		283,417
	Taxation and social security costs					334,040		458,484
	Other creditors					87,074		123,344
						975,310		897,472


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					237,258		248,781


8	Other information

	Haz Afro Cosmetics Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5B Garnett Close
	Greycaines Industrial Estate
	Watford
	WD24 7GN