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Company No: 13924747 (England and Wales)

# BLAKES HAIR AND BEAUTY LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BLAKES HAIR AND BEAUTY LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BLAKES HAIR AND BEAUTY LTD

## COMPANY INFORMATION

For the financial year ended 31 March 2025
BLAKES HAIR AND BEAUTY LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

Director | M J Garrett

Registered office | 13 Dover Street
| Canterbury
| Kent
| United Kingdom
| CT1 3HD
| United Kingdom

Company number | 13924747 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

BLAKES HAIR AND BEAUTY LTD

## BALANCE SHEET

As at 31 March 2025
BLAKES HAIR AND BEAUTY LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 109,963 |  | 124,790
Tangible assets | 4 | 1,628 |  | 1,671
|  | 111,591 |  | 126,461
Current assets |  |  |  |
Stocks | 5 | 19,571 |  | 21,144
Debtors | 6 | 23,300 |  | 25,534
Cash at bank and in hand | 7 | 17,318 |  | 15,708
|  | 60,189 |  | 62,386
Creditors: amounts falling due within one year | 8 | ( 68,463) |  | ( 50,309)
Net current (liabilities)/assets |  | (8,274) |  | 12,077
Total assets less current liabilities |  | 103,317 |  | 138,538
Creditors: amounts falling due after more than one year | 9, 13 | ( 168,200) |  | ( 169,600)
Net liabilities |  | ( 64,883) |  | ( 31,062)
Capital and reserves |  |  |  |
Called-up share capital | 10 | 2 |  | 2
Profit and loss account |  | ( 64,885 ) |  | ( 31,064 )
Total shareholder's deficit |  | ( 64,883) |  | ( 31,062)

For the financial year ending 31 March 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Blakes Hair and Beauty Ltd (registered number: 13924747) were approved and authorised for issue by the Director on 29 October 2025. They were signed on its behalf by:

M J Garrett Director |

BLAKES HAIR AND BEAUTY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BLAKES HAIR AND BEAUTY LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Blakes Hair and Beauty Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 13 Dover Street, Canterbury, Kent, United Kingdom, CT1 3HD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment |

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 15 |  | 15

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 148,266 |  | 148,266
At 31 March 2025 | 148,266 |  | 148,266
Accumulated amortisation |  |  |
At 01 April 2024 | 23,476 |  | 23,476
Charge for the financial year | 14,827 |  | 14,827
At 31 March 2025 | 38,303 |  | 38,303
Net book value |  |  |
At 31 March 2025 | 109,963 |  | 109,963
At 31 March 2024 | 124,790 |  | 124,790

#### 4. Tangible assets

| Office equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 1,956 |  | 1,956
Additions | 373 |  | 373
At 31 March 2025 | 2,329 |  | 2,329
Accumulated depreciation |  |  |
At 01 April 2024 | 285 |  | 285
Charge for the financial year | 416 |  | 416
At 31 March 2025 | 701 |  | 701
Net book value |  |  |
At 31 March 2025 | 1,628 |  | 1,628
At 31 March 2024 | 1,671 |  | 1,671

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 19,571 |  | 21,144

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 63 |  | 4,664
Prepayments | 10,325 |  | 6,302
Corporation tax | 0 |  | 1,656
Other debtors | 12,912 |  | 12,912
| 23,300 |  | 25,534

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 17,318 |  | 15,708
Less: Bank overdrafts | ( 3,242) |  | ( 3,000)
| 14,076 |  | 12,708

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 10,442 |  | 15,000
Trade creditors | 14,508 |  | 14,343
Amounts owed to director | 11,052 |  | 390
Accruals and deferred income | 8,216 |  | 8,369
Other taxation and social security | 23,653 |  | 11,441
Other creditors | 592 |  | 766
| 68,463 |  | 50,309

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 168,200 |  | 169,600

#### 10. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 29,500 |  | 29,500
between one and five years | 118,000 |  | 118,000
after five years | 118,000 |  | 147,500
Total future minimum lease payments under non-cancellable operating leases | 265,500 |  | 295,000

Pensions

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,417(2024 - £3,614). Contributions totalling £44 (2024 - £766) were payable to the fund at the balance sheet date.

#### 12. Related party transactions

All related party transactions during the current period were made under normal market conditions.

#### 13. Loan

| 2025 |  | 2024
| £ |  | £
Amounts falling due within one year - Other loans | (7,200) |  | (12,000)
Amounts falling due 1-2 years - Other loans | (7,200) |  | (12,000)
Amounts falling due 2-5 years - Other loans | (21,600) |  | (36,000)
Amounts falling due after more than 5 years - Other loans | (139,400) |  | (121,600)
| (175,400) |  | (181,600)

#### 14. Ultimate controlling party

Michael Garrett is the ultimate controlling party by virtue of his 100% shareholding in the company.