REGISTERED NUMBER: SC266841 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHARLIE MILLER SALONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Joshua Miller

Mr Jason Miller

SECRETARY:

Mr Joshua Miller

REGISTERED OFFICE:

13 Stafford Street

Edinburgh

Midlothian

EH3 7BR

REGISTERED NUMBER:

SC266841 (Scotland)

ACCOUNTANTS:

Mitchell Edwards

Chartered Certified Accountants

24A Ainslie Place

Edinburgh

EH3 6AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

296,539

335,399

296,539

335,399

CURRENT ASSETS

Stocks

63,173

68,715

Debtors

6

39,180

62,545

Cash at bank and in hand

52,986

101,653

155,339

232,913

CREDITORS

Amounts falling due within one year

7

466,415

634,804

NET CURRENT LIABILITIES

(311,076

)

(401,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,537

)

(66,492

)

CREDITORS

Amounts falling due after more than one year

8

(350

)

(350

)

PROVISIONS FOR LIABILITIES

(42,308

)

(42,916

)

NET LIABILITIES

(57,195

)

(109,758

)

CAPITAL AND RESERVES

Called up share capital

800

800

Retained earnings

(57,995

)

(110,558

)

SHAREHOLDERS' FUNDS

(57,195

)

(109,758

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

Mr Joshua Miller - Director

Mr Jason Miller - Director

1.	STATUTORY INFORMATION

Charlie Miller Salons Limited 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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.

The Company is supported through loans from the directors and parent company. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors and parent company will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for hairdressing services net of VAT and trade discounts.

Goodwill

Goodwill, being the excess of the cost of acquisition of an unincorporated businesses over the fair value of net assets acquired. Goodwill has been fully amortised over it's useful economic life of 14 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

at varying rates on cost, Straight line over 8 years and Straight line over 4 years

Stocks

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

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 56 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

42,000

AMORTISATION

At 1 January 2024

and 31 December 2024

42,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

704,015

207,521

5,546

917,082

DEPRECIATION

At 1 January 2024

466,841

109,953

4,889

581,683

Charge for year

21,866

16,635

359

38,860

At 31 December 2024

488,707

126,588

5,248

620,543

NET BOOK VALUE

At 31 December 2024

215,308

80,933

298

296,539

At 31 December 2023

237,174

97,568

657

335,399

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,025

198

Other debtors

35,155

62,347

39,180

62,545

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

77,516

101,043

Amounts owed to group undertakings

203,047

345,204

Taxation and social security

102,681

67,445

Other creditors

83,171

121,112

466,415

634,804

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

350

350

There are no amounts included above in respect of which any security has been given.