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Registration number: 09585784

Hair by Kristian Wood Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Hair by Kristian Wood Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Hair by Kristian Wood Limited

Company Information

Director | Mr K Wood

Company secretary | Mrs G E Wood

Registered office | 51 St John Street Ashbourne Derbyshire DE6 1GP

Accountants | Coates and Partners Limited The Old Vicarage 51 St John Street Ashbourne Derbyshire DE6 1GP

Hair by Kristian Wood Limited

(Registration number: 09585784)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 4,226 | 4,115
Current assets |  |  |
Stocks | 6 | 2,955 | 3,105
Debtors | 7 | 721 | 539
Cash at bank and in hand |  | 16,348 | 14,956
|  | 20,024 | 18,600
Creditors: Amounts falling due within one year | 8 | (22,835) | (21,597)
Net current liabilities |  | (2,811) | (2,997)
Total assets less current liabilities |  | 1,415 | 1,118
Provisions for liabilities |  | (803) | (782)
Net assets |  | 612 | 336
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 512 | 236
Shareholders' funds |  | 612 | 336

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Hair by Kristian Wood Limited

(Registration number: 09585784)
Balance Sheet as at 31 May 2025 (continued)

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 30 September 2025

......................................... Mr K Wood Director |  |

Hair by Kristian Wood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 09585784.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 30 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of hairdressing services and sale of hair products in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Hair by Kristian Wood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Government grants

Government grants received are only recognised when there is reasonable assurance that the entity will comply with the conditions attached to them and the grants will be received. Government grants are recognised in the profit and loss account on a systematic basis over the periods in which the entity recognises as expenses the related costs for which the grants are intended to compensate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer equipment | 33.33% straight line
Plant and Machinery | 25% reducing balance

Hair by Kristian Wood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

2 | Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

Hair by Kristian Wood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 June 2024 | 10,000 | 10,000
At 31 May 2025 | 10,000 | 10,000
Amortisation
At 1 June 2024 | 10,000 | 10,000
At 31 May 2025 | 10,000 | 10,000
Carrying amount
At 31 May 2025 | - | -

5 | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 June 2024 | 14,613 | 14,613
Additions | 1,705 | 1,705
Disposals | (648) | (648)
At 31 May 2025 | 15,670 | 15,670
Depreciation
At 1 June 2024 | 10,498 | 10,498
Charge for the year | 1,278 | 1,278
Eliminated on disposal | (332) | (332)
At 31 May 2025 | 11,444 | 11,444
Carrying amount
At 31 May 2025 | 4,226 | 4,226
At 31 May 2024 | 4,115 | 4,115

Hair by Kristian Wood Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

6 | Stocks

| 2025 £ | 2024 £
Stock | 2,955 | 3,105

7 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 721 | 539
| 721 | 539

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 572 | 1,001
Taxation and social security | 16,271 | 14,134
Accruals and deferred income | 5,843 | 5,162
Other creditors | 149 | 1,300
| 22,835 | 21,597

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,463 (2024 - £4,463).