REGISTERED NUMBER: 10507717 (England and Wales)

Financial Statements for the Year Ended 31 August 2024

for

Ealing (T) Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F Palagin

A Palagina

REGISTERED OFFICE:

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

REGISTERED NUMBER:

10507717 (England and Wales)

AUDITORS:

JWR Audit Limited

24 Picton House

Hussar Court

Waterlooville

Hampshire

PO7 7SQ

FIXED ASSETS

Intangible assets

4

4,933

6,533

Tangible assets

5

6,331

2,492

11,264

9,025

CURRENT ASSETS

Stocks

4,028

3,754

Debtors

6

34,648

34,594

Cash at bank and in hand

118,934

114,202

157,610

152,550

CREDITORS

Amounts falling due within one year

7

108,125

84,186

NET CURRENT ASSETS

49,485

68,364

TOTAL ASSETS LESS CURRENT LIABILITIES

60,749

77,389

CREDITORS

Amounts falling due after more than one year

8

9,121

19,167

NET ASSETS

51,628

58,222

CAPITAL AND RESERVES

Called up share capital

10

300

300

Retained earnings

51,328

57,922

SHAREHOLDERS' FUNDS

51,628

58,222

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 25 September 2025 and were signed on its behalf by:

F Palagin - Director

A Palagina - Director

1.	STATUTORY INFORMATION

Ealing (T) Hairdressing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates

In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.

Franchise Costs are being amortised evenly over their estimated useful life of five years.

Leasehold Cost are being amortised evenly over their estimated useful life of five years.

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

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving 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 18 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

Leasehold

Costs

Cost

Totals

£

£

£

COST

At 1 September 2023

17,450

10,485

27,935

Disposals

(9,450

)

-

(9,450

)

At 31 August 2024

8,000

10,485

18,485

AMORTISATION

At 1 September 2023

10,917

10,485

21,402

Amortisation for year

1,600

-

1,600

Eliminated on disposal

(9,450

)

-

(9,450

)

At 31 August 2024

3,067

10,485

13,552

NET BOOK VALUE

At 31 August 2024

4,933

-

4,933

At 31 August 2023

6,533

-

6,533

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2023

4,845

2,988

7,833

Additions

5,004

-

5,004

At 31 August 2024

9,849

2,988

12,837

DEPRECIATION

At 1 September 2023

2,882

2,459

5,341

Charge for year

969

196

1,165

At 31 August 2024

3,851

2,655

6,506

NET BOOK VALUE

At 31 August 2024

5,998

333

6,331

At 31 August 2023

1,963

529

2,492

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Amounts owed by group undertakings

16,154

16,317

Other debtors

18,494

18,277

34,648

34,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

(635

)

2,511

Amounts owed to group undertakings

8,542

6,494

Taxation and social security

34,914

27,852

Other creditors

55,304

37,329

108,125

84,186

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Bank loans

9,121

19,167

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.24

31.8.23

£

£

Within one year

70,000

70,000

Between one and five years

144,900

215,600

214,900

285,600

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

300

Ordinary

£1

300

300

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

K S Wood (Senior Statutory Auditor)

for and on behalf of JWR Audit Limited

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mascolo Limited..