Elevate Hair Academy Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: SC772507

		30 June 2025		30 June 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		153		-
Tangible Assets	5		2,730		1,771

			2,883		1,771
CURRENT ASSETS
Stocks	6	8,000		1,500
Cash at bank and in hand		2,968		4,704

		10,968		6,204
Creditors: Amounts Falling Due Within One Year	7	(35,632 )		(18,945 )

NET CURRENT ASSETS (LIABILITIES)			(24,664 )		(12,741 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(21,781 )		(10,970 )

NET LIABILITIES			(21,781 )		(10,970 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(21,783 )		(10,972 )

SHAREHOLDERS' FUNDS			(21,781)		(10,970)

For the year ending 30 June 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Tanya Rooney Director	Mrs Ashley Welsh Director
3 November 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Elevate Hair Academy Limited is a private company, limited by shares, incorporated in Scotland, registered number SC772507 . The registered office is 98 Saffron Crescent, Wishaw, ML2 0FB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are a Trademark It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% Straight Line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.8. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Elevate Hair Academy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 July 2024	-
Additions	170

As at 30 June 2025	170

Amortisation
As at 1 July 2024	-
Provided during the period	17

As at 30 June 2025	17

Net Book Value
As at 30 June 2025	153

As at 1 July 2024	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 July 2024	2,083
Additions	1,495

As at 30 June 2025	3,578

Depreciation
As at 1 July 2024	312
Provided during the period	536

As at 30 June 2025	848

Net Book Value
As at 30 June 2025	2,730

As at 1 July 2024	1,771

6. Stocks

	30 June 2025	30 June 2024
	£	£
Stock	8,000	1,500

7. Creditors: Amounts Falling Due Within One Year

	30 June 2025	30 June 2024
	£	£
Other creditors	35,632	18,945

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Elevate Hair Academy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Share Capital

	30 June 2025	30 June 2024
	£	£
Allotted, Called up and fully paid	2	2

9. Related Party Transactions

At the period end, 30 June 2025, the company owed directors £32,751 ( 2024: £17,504) in respect of loans held with the company. These amounts are interest free and repayable on demand.

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