HAND MADE HAIR LTD


Directors	DAVIES, Jonathan Gray
	WOOD, Joshua John


Registered Address	6 Lansdowne Mews
	London
	W11 3AN


Registered Number	09439563 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		348,429		39,392
			348,429		39,392
Current assets
Stocks	5	24,054		22,013
Debtors		861,071		645,656
Cash at bank and on hand		630,891		765,417
		1,516,016		1,433,086
Creditors amounts falling due within one year	6	(743,196)		(678,284)
Net current assets (liabilities)			772,820		754,802
Total assets less current liabilities			1,121,249		794,194
Creditors amounts falling due after one year	7		(309,109)		(208,233)
Provisions for liabilities	9		(1,709)		(9,628)
Net assets			810,431		576,333
Capital and reserves
Called up share capital			100		100
Profit and loss account			810,331		576,233
Shareholders' funds			810,431		576,333

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 September 2025, and are signed on its behalf by:

DAVIES, Jonathan Gray
Director

WOOD, Joshua John
Director

Registered Company No. 09439563

HAND MADE HAIR LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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 policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	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.

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.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Goodwill relating to the acquisition of a business was amortised in 2015.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Fixtures and Fittings straight line over the lease term Palnt and machinery staright line over 3 years

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	41		35

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	1	1
At 31 December 24	1	1
Amortisation and impairment
At 01 January 24	1	1
At 31 December 24	1	1
Net book value
At 31 December 24	-	-
At 31 December 23	-	-

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	240,208	6,923	247,131
Additions	322,588	39,215	361,803
Disposals	(210,307)	-	(210,307)
At 31 December 24	352,489	46,138	398,627
Depreciation and impairment
At 01 January 24	201,818	5,921	207,739
Charge for year	49,142	3,624	52,766
On disposals	(210,307)	-	(210,307)
At 31 December 24	40,653	9,545	50,198
Net book value
At 31 December 24	311,836	36,593	348,429
At 31 December 23	38,390	1,002	39,392


	The net book value of assets held under finance leases is £338,186. The depreciation charged in the year on these assets was £12,903.

5.	Stocks
	Stock includes goods for resale and consumable products used in the business.

	2024	2023
	£	£
Finished goods	24,054	22,013
Total	24,054	22,013

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	303,749	343,826
Bank borrowings and overdrafts	100,000	100,000
Taxation and social security	171,659	189,887
Finance lease and HP contracts	67,192	-
Other creditors	34,680	31,854
Accrued liabilities and deferred income	65,916	12,717
Total	743,196	678,284


	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.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	108,233	208,233
Other creditors	200,876	-
Total	309,109	208,233


	This is a loan under the Coronavirus Business Interruption Loan Scheme. The loan is repayable in 60 instalments on a straight line basis starting on February 22, 2022. Interest is charged at 2.17% plus base rate and charged quarterly. The Other Creditors are Finance Lease and HP Contracts due within two to five years.

8.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	268,067		-

9.	Provisions for liabilities
	Deferred tax arising from capital allowances in advance of depreciation.

	2024	2023
	£	£
Net deferred tax liability (asset)	1,709	9,628
Total	1,709	9,628

10.	Operating lease commitments
	At 31 Dec 2024, the company had commitments under non-cancellable operating leases for land and buildings of £155,000 -due within two to five years (2022- £56,064 -due within one year).