Smitin Hair Design Limited

Smitin Hair Design Limited
Statement of Financial Position
As at 31 July 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	257	342
		257	342
Current assets
Stocks	5	1,250	1,175
Cash at bank and in hand		3,155	4,549
		4,405	5,724
Creditors: amount falling due within one year	6	(2,713)	(1,779)
Net current assets		1,692	3,945

Total assets less current liabilities		1,949	4,287
Provisions for liabilities	7	(49)	(65)
Net assets		1,900	4,222

Capital and reserves
Called up share capital		1	1
Profit and loss account		1,899	4,221
Shareholders' funds		1,900	4,222

For the year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 November 2025 and were signed on its behalf by:

-------------------------------
Andrea Natalie Smit
Director

Smitin Hair Design Limited
Notes to the Financial Statements
For the year ended 31 July 2025

General Information

Smitin Hair Design Limited is a private company, limited by shares, registered in England and Wales, registration number 08622880, registration address 55 Town Street, Farsley, Leeds, West Yorkshire, LS28 5HX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery etc

25% reducing balance

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 costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2024 : 3).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 August 2024	15,000	15,000
Additions	-	-
Disposals	-	-
At 31 July 2025	15,000	15,000
Amortisation
At 01 August 2024	15,000	15,000
Charge for year	-	-
On disposals	-	-
At 31 July 2025	15,000	15,000
Net book values
At 31 July 2025	-	-
At 31 July 2024	-	-

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 August 2024	4,196	4,196
Additions	-	-
Disposals	-	-
At 31 July 2025	4,196	4,196
Depreciation
At 01 August 2024	3,854	3,854
Charge for year	85	85
On disposals	-	-
At 31 July 2025	3,939	3,939
Net book values
Closing balance as at 31 July 2025	257	257
Opening balance as at 01 August 2024	342	342

Stocks

	2025 £		2024 £
Stocks	1,250		1,175
	1,250		1,175

Creditors: amount falling due within one year

	2025 £	2024 £
Taxation and Social Security	1,808	1,320
Other Creditors	905	459
	2,713	1,779

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	49		65
	49		65

Registered Number: 08622880
England and Wales
SMITIN HAIR DESIGN LIMITED

Financial Statements

Period of accounts Start date: 01 August 2024 End date: 31 July 2025