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Company Registration No. 14170240 (England and Wales)
The Collective Hair Salon Limited Unaudited accounts for the year ended 30 June 2025
The Collective Hair Salon Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Collective Hair Salon Limited Company Information for the year ended 30 June 2025
Directors
Melissa Pelling Max Pelling Christopher David Graham
Company Number
14170240 (England and Wales)
Registered Office
Unit 3 Holme Drive Sudbrooke Lincoln Lincolnshire LN2 2QL United Kingdom
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The Collective Hair Salon Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
30,254
34,576
Tangible assets
5
16,717
20,562
46,971
55,138
Current assets
Inventories
2,500
2,500
Cash at bank and in hand
7,393
11,406
9,893
13,906
Creditors: amounts falling due within one year
6
(13,388)
(12,878)
Net current (liabilities)/assets
(3,495)
1,028
Total assets less current liabilities
43,476
56,166
Creditors: amounts falling due after more than one year
7
(33,150)
(39,781)
Provisions for liabilities
Deferred tax
(1,635)
(278)
Net assets
8,691
16,107
Capital and reserves
Called up share capital
10
10
Profit and loss account
8,681
16,097
Shareholders' funds
8,691
16,107
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 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 of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Melissa Pelling Director Company Registration No. 14170240
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The Collective Hair Salon Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
The Collective Hair Salon Limited is a private company, limited by shares, registered in England and Wales, registration number 14170240. The registered office is Unit 3 Holme Drive, Sudbrooke, Lincoln, Lincolnshire, LN2 2QL, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is being written off over 10 years which is the term of the lease.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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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The Collective Hair Salon Limited Notes to the Accounts for the year ended 30 June 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024
43,220
At 30 June 2025
43,220
Amortisation
At 1 July 2024
8,644
Charge for the year
4,322
At 30 June 2025
12,966
Net book value
At 30 June 2025
30,254
At 30 June 2024
34,576
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 July 2024
26,838
Additions
204
At 30 June 2025
27,042
Depreciation
At 1 July 2024
6,276
Charge for the year
4,049
At 30 June 2025
10,325
Net book value
At 30 June 2025
16,717
At 30 June 2024
20,562
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
45
410
Taxes and social security
4,943
4,068
Loans from directors
8,400
8,400
13,388
12,878
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
33,150
39,781
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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