REGISTERED NUMBER: SC492900 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Peckham Hair & Cosmetic Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Ahmed

REGISTERED OFFICE:

68 Lumloch Drive

Bishopbriggs

Glasgow

G64 1GS

REGISTERED NUMBER:

SC492900 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

18,517

19,156

CURRENT ASSETS

Stocks

5

40,338

80,606

Debtors

6

1,000

-

Cash in hand

257

1,040

41,595

81,646

CREDITORS

Amounts falling due within one year

7

46,826

73,038

NET CURRENT (LIABILITIES)/ASSETS

(5,231

)

8,608

TOTAL ASSETS LESS CURRENT LIABILITIES

13,286

27,764

CREDITORS

Amounts falling due after more than one year

8

14,167

24,167

NET (LIABILITIES)/ASSETS

(881

)

3,597

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

(981

)

3,497

SHAREHOLDERS' FUNDS

(881

)

3,597

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 director acknowledges his 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 director and authorised for issue on 14 August 2025 and were signed by:

S Ahmed - Director

1.	STATUTORY INFORMATION

Peckham Hair & Cosmetic Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

14,900

11,721

2,955

29,576

DEPRECIATION

At 1 January 2024

-

8,476

1,944

10,420

Charge for year

-

487

152

639

At 31 December 2024

-

8,963

2,096

11,059

NET BOOK VALUE

At 31 December 2024

14,900

2,758

859

18,517

At 31 December 2023

14,900

3,245

1,011

19,156

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

40,338

80,606

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Directors' current accounts

1,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

13,683

16,509

Trade creditors

1,800

4,888

Social security and other taxes

(1,818

)

2,655

VAT

6,014

22,857

Accrued expenses

27,147

26,129

46,826

73,038

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

14,167

24,167

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

13,683

16,509

Amounts falling due between two and five years:

Bank loans - 2-5 years

14,167

24,167

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

1

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

3,497

Deficit for the year

(4,478

)

At 31 December 2024

(981

)