360 Hair Clinic Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the director on the preparation of the unaudited statutory accounts of 360 Hair Clinic Limited for the year ended 31 December 2024

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of 360 Hair Clinic Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of 360 Hair Clinic Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of 360 Hair Clinic Limited and state those matters that we have agreed to state to the director of 360 Hair Clinic Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 360 Hair Clinic Limited and its director as a body for our work or for this report.

It is your duty to ensure that 360 Hair Clinic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 360 Hair Clinic Limited . You consider that 360 Hair Clinic Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 360 Hair Clinic Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

29/01/2025

Martin & Co

Chartered Certified Accountants

10 Shingle Road

Shoreham-By-Sea

BN43 5RH

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360 Hair Clinic Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 07937893

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		24,195		22,451

			24,195		22,451
CURRENT ASSETS
Stocks	5	4,600		1,079
Debtors	6	17,673		17,642
Cash at bank and in hand		3,111		-

		25,384		18,721
Creditors: Amounts Falling Due Within One Year	7	(12,953 )		(18,585 )

NET CURRENT ASSETS (LIABILITIES)			12,431		136

TOTAL ASSETS LESS CURRENT LIABILITIES			36,626		22,587

Creditors: Amounts Falling Due After More Than One Year	8		(23,460 )		(29,388 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,239 )		-

NET ASSETS/(LIABILITIES)			8,927		(6,801 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			8,827		(6,901 )

SHAREHOLDERS' FUNDS			8,927		(6,801)

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360 Hair Clinic Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Sophie Humphrey

Director

29/01/2025

The notes on pages 4 to 6 form part of these financial statements.

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360 Hair Clinic Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

360 Hair Clinic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07937893 . The registered office is 10 Shingle Road, Shoreham-By-Sea, BN43 5RH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over 5 years
Plant & Machinery	20% on cost and 10% on cost
Fixtures & Fittings	25% reducing balance
Computer Equipment	Over 3 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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360 Hair Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	23,147	49,264	9,133	1,062	82,606
Additions	2,022	8,778	282	-	11,082
Disposals	(1,741 )	(44 )	(902 )	(137 )	(2,824 )

As at 31 December 2024	23,428	57,998	8,513	925	90,864

Depreciation
As at 1 January 2024	4,764	49,106	5,223	1,062	60,155
Provided during the period	4,686	1,800	823	-	7,309
Disposals	(369 )	(18 )	(271 )	(137 )	(795 )

As at 31 December 2024	9,081	50,888	5,775	925	66,669

Net Book Value
As at 31 December 2024	14,347	7,110	2,738	-	24,195

As at 1 January 2024	18,383	158	3,910	-	22,451

5. Stocks

	2024	2023
	£	£
Finished goods	4,600	1,079

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	16,961	16,961
Corporation tax recoverable assets	-	681
VAT	712	-

	17,673	17,642

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	5,929	15,485
Corporation tax	1,956	211
Other taxes and social security	843	420
Other creditors	696	695
Accruals and deferred income	1,302	924
Director's loan account	2,227	850

	12,953	18,585

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360 Hair Clinic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	23,460	29,388

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

At the balance sheet date an amount of £16,961 (2023 - £16,961) remained owing to the company from 360 Hair Group Limited, a company sharing the same control.

11. Ultimate Controlling Party

The company's ultimate controlling party is Mrs Sophie Humphrey by virtue of her ownership of 100% of the issued share capital in the company.

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