REGISTERED NUMBER: 06468315 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Melanie Giles Hairdressing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Calver

SECRETARY:

T Calver

REGISTERED OFFICE:

57 Walcot Street

Bath

United Kingdom

BA1 5BN

REGISTERED NUMBER:

06468315 (England and Wales)

ACCOUNTANTS:

SO Accounting Limited

Chartered Accountants

5 The Upper Courtyard

Marl Pits Lane

Trudoxhill

Frome

Somerset

BA11 5DL

FIXED ASSETS

Tangible assets

4

1,368,744

1,388,593

Investment property

5

390,000

390,000

1,758,744

1,778,593

CURRENT ASSETS

Stocks

32,500

35,000

Debtors

6

16,954

10,047

Cash at bank

20,419

3,671

69,873

48,718

CREDITORS

Amounts falling due within one year

7

589,955

486,257

NET CURRENT LIABILITIES

(520,082

)

(437,539

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,238,662

1,341,054

CREDITORS

Amounts falling due after more than one year

8

(460,522

)

(505,278

)

PROVISIONS FOR LIABILITIES

11

(2,549

)

(1,892

)

NET ASSETS

775,591

833,884

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

775,491

833,784

SHAREHOLDERS' FUNDS

775,591

833,884

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 13 October 2025 and were signed by:

Mrs M Calver - Director

1.	STATUTORY INFORMATION

Melanie Giles 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

1% on cost

Freehold property improvements

-

10% on reducing balance

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 35 (2024 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Freehold

property

Plant and

property

improvements

machinery

£

£

£

COST

At 1 February 2024

1,357,681

289,328

47,681

Additions

-

-

-

At 31 January 2025

1,357,681

289,328

47,681

DEPRECIATION

At 1 February 2024

54,307

224,221

45,667

Charge for year

13,577

6,510

403

At 31 January 2025

67,884

230,731

46,070

NET BOOK VALUE

At 31 January 2025

1,289,797

58,597

1,611

At 31 January 2024

1,303,374

65,107

2,014

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

205,994

27,361

1,928,045

Additions

5,327

-

5,327

At 31 January 2025

211,321

27,361

1,933,372

DEPRECIATION

At 1 February 2024

190,668

24,589

539,452

Charge for year

4,131

555

25,176

At 31 January 2025

194,799

25,144

564,628

NET BOOK VALUE

At 31 January 2025

16,522

2,217

1,368,744

At 31 January 2024

15,326

2,772

1,388,593

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

390,000

NET BOOK VALUE

At 31 January 2025

390,000

At 31 January 2024

390,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2024

40,000

Cost

350,000

390,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

9,192

2,800

Other debtors

7,762

7,247

16,954

10,047

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 9)

120,294

139,335

Trade creditors

24,556

24,921

Amounts owed to group undertakings

45,653

32,411

Taxation and social security

130,701

99,721

Other creditors

268,751

189,869

589,955

486,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 9)

460,522

505,278

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

108,554

134,862

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

68,958

67,803

Bank loans

51,336

71,532

Other loans

173,700

101,700

293,994

241,035

Amounts falling due between one and two years:

Bank loans - 1-2 years

51,336

56,381

Amounts falling due between two and five years:

Bank loans - 2-5 years

300,632

314,035

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

108,554

134,862

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdrafts

68,958

67,803

Bank loans

511,858

576,810

580,816

644,613

There are fixed and floating charges over the properties included in fixed assets.

In addition there is a debenture of fixed and floating charges over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

11.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

2,549

1,892

Deferred

tax

£

Balance at 1 February 2024

1,892

Provided during year

657

Balance at 31 January 2025

2,549

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

1

100

100

13.	RELATED PARTY DISCLOSURES

The following amounts were owed by the company to related parties as at 31st January 2025 (2024);

Mr & Mrs Calver £95,700 (£66,700)

Mr Giles £78,000 (£35,000)

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Calver.