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REGISTERED NUMBER: 01126386 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LESLIE FRANCES (HAIR FASHIONS) LIMITED

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

LESLIE FRANCES (HAIR FASHIONS) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | Mrs D J Ashurst

| Mrs J D Childs

| SECRETARIES: | Mrs D J Ashurst

| Mrs J D Childs

| REGISTERED OFFICE: | 12 Victoria Road

| Barnsley

| South Yorkshire

| S70 2BB

| REGISTERED NUMBER: | 01126386 (England and Wales)

| ACCOUNTANTS: | Gibson Booth Limited

| 12 Victoria Road

| Barnsley

| South Yorkshire

| S70 2BB

| BANKERS: | Barclays Bank Plc

| 10 - 18 Queen Street

| Barnsley

| South Yorkshire

| S70 2AJ

| SOLICITORS: | Mills Kemp & Brown

| 1-11 Huddersfield Road

| Barnsley

| South Yorkshire

| S70 2PL

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 252,876 |  | 218,843 |  |

Investment | 5 | 100 |  | 100 |  |

252,976 |  | 218,943 |  |

CURRENT ASSETS

Stocks | 6 | 23,250 |  | 23,250 |  |

Debtors | 7 | 40,308 |  | 62,302 |  |

Cash at bank and in hand | 304,784 |  | 263,885 |  |

368,342 |  | 349,437 |  |

CREDITORS

Amounts falling due within one year | 8 | 94,369 |  | 74,406 |  |

NET CURRENT ASSETS | 273,973 |  | 275,031 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 526,949 |  | 493,974 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (136,812 | ) | (107,082 | ) |

PROVISIONS FOR LIABILITIES | (1,320 | ) | (1,320 | ) |

NET ASSETS | 388,817 |  | 385,572 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Capital redemption reserve | 100 |  | 100 |  |

Retained earnings | 388,617 |  | 385,372 |  |

SHAREHOLDERS' FUNDS | 388,817 |  | 385,572 |  |

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

BALANCE SHEET - continued

31ST MARCH 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 24th September 2025 and were signed on its behalf by:

Mrs D J Ashurst - Director

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Leslie Frances (Hair Fashions) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

| Preparation of consolidated financial statements

| The financial statements contain information about Leslie Frances (Hair Fashions) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Significant judgements and estimates

| No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

| There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Turnover from the sale of products and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount can be measured reliably and it is possible that the economic benefits associated with the transaction will flow to the company. This is usually on payment for goods and services provided.

| Revenue Grants

| Grant income is recognised on an accruals basis and is accounted for in the period to which it relates.

| Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold land and buildings | - | 10% on cost and 2% on cost

| Office & electrical equipment | - | 33% on cost and 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| 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.

| Pension costs

| The company contributes to employees personal pension scheme. The annual contributions payable are charged to the profit and loss account.

| Deferred capital grants

| Deferred capital grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 33 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Office & |  | Fixtures |

| land and |  | electrical |  | and |

| buildings |  | equipment |  | fittings |  | Totals

£ | £ | £ | £ |

| COST

| At 1st April 2024 | 340,953 |  | 35,585 |  | 107,035 |  | 483,573 |  |

| Additions | 53,903 |  | 2,770 |  | - |  | 56,673 |  |

| At 31st March 2025 | 394,856 |  | 38,355 |  | 107,035 |  | 540,246 |  |

| DEPRECIATION

| At 1st April 2024 | 129,000 |  | 34,007 |  | 101,723 |  | 264,730 |  |

| Charge for year | 19,760 |  | 1,554 |  | 1,326 |  | 22,640 |  |

| At 31st March 2025 | 148,760 |  | 35,561 |  | 103,049 |  | 287,370 |  |

| NET BOOK VALUE

| At 31st March 2025 | 246,096 |  | 2,794 |  | 3,986 |  | 252,876 |  |

| At 31st March 2024 | 211,953 |  | 1,578 |  | 5,312 |  | 218,843 |  |

5. | INVESTMENT

| Total

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 100 |  |

| NET BOOK VALUE

| At 31st March 2025 | 100 |  |

| At 31st March 2024 | 100 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Goods for resale | 23,250 |  | 23,250 |  |

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 18,839 |  | 24,845 |  |

| Other debtors | 17,714 |  | 17,714 |  |

| VAT | - |  | 16,236 |  |

| Called up share capital not paid | 100 |  | 100 |  |

| Prepayments and accrued income | 3,655 |  | 3,407 |  |

40,308 |  | 62,302 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 9,032 |  | 13,908 |  |

| Amounts owed to group undertakings | 100 |  | 100 |  |

| Corporation tax | 11,695 |  | 1,651 |  |

| Social security and other taxes | 3,031 |  | 6,064 |  |

| VAT | 8,462 |  | - |  |

| Other creditors | 13,298 |  | 12,236 |  |

| Directors' current accounts | 18,490 |  | 18,490 |  |

| Accruals and deferred income | 30,261 |  | 21,957 |  |

94,369 |  | 74,406 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Accruals and deferred income | 136,812 |  | 107,082 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 98 | Ordinary | £1 | 98 |  | 98 |  |

| 1 | A Ordinary | £1 | 1 |  | 1 |  |

| 1 | B Ordinary | £1 | 1 |  | 1 |  |

100 |  | 100 |  |

LESLIE FRANCES (HAIR FASHIONS) LIMITED (REGISTERED NUMBER: 01126386)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

11. | RELATED PARTY DISCLOSURES

| Other related parties

|  | 31.03.25 |  | 31.03.24 |  |

|  | £ |  | £ |  |

| Training services expenditure |  | 36,650 |  | 45,420 |  |

| During the year, no interest was charged on the loan to the related party.

|  | 31.03.25 |  | 31.03.24 |  |

|  | £ |  | £ |  |

| Amount due from related party at the balance sheet date |  | 17,714 |  | 17,714 |  |