Balance sheet continued

As at 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 July 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover from barber services represents income earned from providing haircuts, grooming, and related services to customers.
  
  Revenue is recognized at the point in time when the service is delivered to the customer, as this is the moment when control of the service passes and the performance obligation is satisfied.
  
  Turnover is measured at the fair value of the consideration received or receivable, net of discounts, vouchers, or promotions provided.
  
  Payments are usually made in cash, by card, or through digital platforms at the time of service, and therefore no significant financing component exists.