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Company Registration No. 06571243 (England and Wales)
HAIR ORNAMENTS UK LIMITED Unaudited accounts for the year ended 31 July 2025
HAIR ORNAMENTS UK LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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HAIR ORNAMENTS UK LIMITED Company Information for the year ended 31 July 2025
Director
Abdul Majeed
Secretary
Mr Abdul Majeed
Company Number
06571243 (England and Wales)
Registered Office
126 Levett Garden Ilford Essex IG3 9BX
Accountants
Warrenwood Insystems Ltd Suite 8, Claremont Business Centre 6 Claremont Road Surbiton Surrey KT6 4QU
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HAIR ORNAMENTS UK LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,041,996
1,082,961
Current assets
Inventories
5
800,000
850,000
Debtors
6
1,569,915
1,445,078
Cash at bank and in hand
715,590
1,043,242
3,085,505
3,338,320
Creditors: amounts falling due within one year
7
(1,359,923)
(1,178,261)
Net current assets
1,725,582
2,160,059
Total assets less current liabilities
3,767,578
3,243,020
Creditors: amounts falling due after more than one year
8
(502,562)
(517,446)
Provisions for liabilities
Deferred tax
9
(5,609)
(8,739)
Net assets
3,259,407
2,716,835
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
3,259,307
2,716,735
Shareholders' funds
3,259,407
2,716,835
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2025 and were signed on its behalf by
Abdul Majeed Director Company Registration No. 06571243
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HAIR ORNAMENTS UK LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
HAIR ORNAMENTS UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06571243. The registered office is 126 Levett Garden, Ilford, Essex, IG3 9BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers.
Tangible fixed assets and depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Plant & machinery
25% Straight line
Motor vehicles
20% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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HAIR ORNAMENTS UK LIMITED Notes to the Accounts for the year ended 31 July 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
1,041,803
37,801
67,133
1,146,737
Additions
970,059
3,200
-
973,259
At 31 July 2025
2,011,862
41,001
67,133
2,119,996
Depreciation
At 1 August 2024
-
37,801
25,975
63,776
Charge for the year
-
800
13,424
14,224
At 31 July 2025
-
38,601
39,399
78,000
Net book value
At 31 July 2025
2,011,862
2,400
27,734
2,041,996
At 31 July 2024
1,041,803
-
41,158
1,082,961
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
25,036
37,581
5
Inventories
2025
2024
£
£
Finished goods
800,000
850,000
800,000
850,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,526,762
1,386,252
Accrued income and prepayments
5,368
1,575
Other debtors
37,785
57,251
1,569,915
1,445,078
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HAIR ORNAMENTS UK LIMITED Notes to the Accounts for the year ended 31 July 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
6,455
6,455
VAT
126,735
106,671
Obligations under finance leases and hire purchase contracts
8,034
8,034
Trade creditors
633,891
650,668
Taxes and social security
273,888
161,516
Proposed dividends
93,865
65,532
Other creditors
129,225
32,987
Loans from directors
56,330
56,330
Accruals
31,500
90,068
1,359,923
1,178,261
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
475,149
481,997
Obligations under finance leases and hire purchase contracts
7,363
15,399
Other creditors
20,050
20,050
502,562
517,446
Aggregate of amounts that fall due for payment after five years
423,902
456,177
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
5,609
8,739
2025
2024
£
£
Provision at start of year
8,739
17,078
Credited to the profit and loss account
(3,130)
(8,339)
Provision at end of year
5,609
8,739
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Capital commitments
2025
2024
£
£
Amounts contracted but not provided for in the accounts
40,000
-
- 7 -
HAIR ORNAMENTS UK LIMITED Notes to the Accounts for the year ended 31 July 2025
12
Pension commitments
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 contribution payable by the company to the fund and amounted to £29,388.
13
Operating lease commitments
2025
2024
£
£
At 31 July 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
42,500
96,000
14
Transactions with related parties
The Company was under the control of Mr. Abdul Majeed throughout the period because of his 66.66% of shareholding. At the balance sheet date The Company owed £56,330 (2024 £56,330) to Mr. A Majeed. During the year the director's current Accounts was not overdrawn.
15
Average number of employees
During the year the average number of employees was 17 (2024: 16).
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