REGISTERED NUMBER: 10576124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SCISSORBOX SALON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTOR:

Mrs T J D Triffitt

REGISTERED OFFICE:

45 Queen Street

Deal

Kent

CT14 6EY

REGISTERED NUMBER:

10576124 (England and Wales)

ACCOUNTANTS:

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Tangible assets

4

20,530

24,160

CURRENT ASSETS

Stocks

5

22,000

26,000

Debtors

6

40,384

62,696

Cash at bank and in hand

25,852

16,955

88,236

105,651

CREDITORS

Amounts falling due within one year

7

39,026

43,357

NET CURRENT ASSETS

49,210

62,294

TOTAL ASSETS LESS CURRENT LIABILITIES

69,740

86,454

CREDITORS

Amounts falling due after more than one year

8

(15,355

)

(18,834

)

PROVISIONS FOR LIABILITIES

10

(3,901

)

(4,591

)

NET ASSETS

50,484

63,029

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

50,384

62,929

SHAREHOLDERS' FUNDS

50,484

63,029

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

Mrs T J D Triffitt - Director

1.	STATUTORY INFORMATION

Scissorbox Salon 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 round pounds sterling £.

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.

Turnover

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

Revenue from the sale of hair care products is recognised when the risks and rewards of ownership are transferred.

Revenue from the sale of services is recognised when the service is complete. Deposits are not recognised as income until the service is complete.

Revenue from chair rent is recongised monthly, once the takings have been aggregated.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Tangible fixed assets

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

Improvements to property

-

Straight line over 15 years

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

It is the policy of the Company to capitalise items with an estimated useful economic life in excess of two years and with a cost price in excess of £150.

The Company reviews the tangible fixed assets for impairment annually.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

and 31 January 2025

26,424

304

37,516

2,201

66,445

DEPRECIATION

At 1 February 2024

11,608

132

28,344

2,201

42,285

Charge for year

1,761

35

1,834

-

3,630

At 31 January 2025

13,369

167

30,178

2,201

45,915

NET BOOK VALUE

At 31 January 2025

13,055

137

7,338

-

20,530

At 31 January 2024

14,816

172

9,172

-

24,160

5.

STOCKS

2025

2024

as restated

£

£

Stocks

22,000

26,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

1,601

1,558

Other debtors

10,417

7,817

Intercompany

27,823

52,847

Directors' current accounts

54

-

Prepayments

489

474

40,384

62,696

Intercompany debtors represents a loan to Company Box Ltd (14261188), a Company controlled by the Director. Interest is charged on the loan at 5% per annum and the loan is repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Trade creditors

3,497

3,671

Tax

16,642

16,403

Wages Payable

(100

)

-

Social security and other taxes

(4,905

)

(3,040

)

VAT

11,632

13,102

Other creditors

399

523

Directors' current accounts

-

546

Accrued expenses

1,861

2,152

39,026

43,357

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans (see note 9)

15,355

18,834

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

as restated

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

5,355

8,834

10.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

3,901

4,591

Deferred

tax

£

Balance at 1 February 2024

4,591

Unused amounts reversed during year

(690

)

Balance at 31 January 2025

3,901

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

100

Ordinary

£1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following Directors loan accounts subsisted during the year;

Directors Loan Account

A member of key management personnel.

During the year the Company repaid the Director £24,638 (2024: £16,739)

During the year the Director advanced the Company £25,239 (2024: £16,712)

As at 31 January 2025 the Director owed the Company £54 (2024: £546)

Amounts owed by the Director to the Company at 31 January 2025 were repaid within 9 months of the year end.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2025 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson & Co (Deal) Ltd

45 Queen Street

Deal

Kent

CT14 6EY

Date: .............................................