Ohanahair Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07391555

OHANAHAIR LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2025

OHANAHAIR LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	7		3,296		3,878

CURRENT ASSETS

Stocks		3,050	3,200
Debtors	8	2,336	13,991
Cash at bank and in hand		21,585	7,749
		--------	--------
		26,971	24,940

CREDITORS: amounts falling due within one year	9	( 25,884)		( 24,674)
		--------		--------
NET CURRENT ASSETS			1,087		266
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,383		4,144

CREDITORS: amounts falling due after more than one year	10		( 210)		( 2,167)

PROVISIONS

Taxation including deferred tax	( 641)	( 737)
	-------	-------
NET ASSETS	3,532	1,240
	-------	-------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	3,432	1,140
	-------	-------
SHAREHOLDERS FUNDS	3,532	1,240
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

OHANAHAIR LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

J Ohana
Director

Company registration number: 07391555

OHANAHAIR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 120 Bolling Road, Ilkley, LS29 8PN.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	10,319	9,745
Adjustments in respect of prior periods	( 18)	–
	--------	-------
Total current tax	10,301	9,745
	--------	-------

Deferred tax:

Origination and reversal of timing differences	( 96)	419
	--------	--------
Tax on profit	10,205	10,164
	--------	--------

6. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 June 2024 and 31 May 2025	3,000
	-------
Amortisation
At 1 June 2024 and 31 May 2025	3,000
	-------
Carrying amount
At 31 May 2025	–
	-------
At 31 May 2024	–
	-------

7. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 June 2024 and 31 May 2025	15,515	833	16,348
	--------	----	--------
Depreciation
At 1 June 2024	11,637	833	12,470
Charge for the year	582	–	582
	--------	----	--------
At 31 May 2025	12,219	833	13,052
	--------	----	--------
Carrying amount
At 31 May 2025	3,296	–	3,296
	--------	----	--------
At 31 May 2024	3,878	–	3,878
	--------	----	--------

8. DEBTORS

	2025	2024
	£	£
Other debtors	2,336	13,991
	-------	--------

9. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,000	2,000
Trade creditors	4,185	2,147
Corporation tax	10,319	12,054
Social security and other taxes	6,430	5,508
Other creditors	2,950	2,965
	--------	--------
	25,884	24,674
	--------	--------

10. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	210	2,167
	----	-------