Hair World UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04558409 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HAIR WORLD UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Sargeant

Mrs A M Sargeant

Miss K L Sargeant

Ms V A Sargeant

SECRETARY:

Mrs A M Sargeant

REGISTERED OFFICE:

27 - 29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

04558409 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

8,650

1,367

Tangible assets

5

15,293

12,426

23,943

13,793

CURRENT ASSETS

Stocks

478,645

542,902

Debtors

6

45,490

42,872

Cash at bank and in hand

270,296

237,670

794,431

823,444

CREDITORS

Amounts falling due within one year

7

108,771

112,559

NET CURRENT ASSETS

685,660

710,885

TOTAL ASSETS LESS CURRENT
LIABILITIES

709,603

724,678

PROVISIONS FOR LIABILITIES

5,300

3,300

NET ASSETS

704,303

721,378

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

704,103

721,178

704,303

721,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by:

M P Sargeant - Director

1.	STATUTORY INFORMATION

Hair World UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The directors believe that the company is well placed to manage its financial risks successfully and has reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, was amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

142,400

1,822

144,222

Additions

-

7,850

At 31 March 2025

142,400

9,672

152,072

AMORTISATION

At 1 April 2024

142,400

455

142,855

Charge for year

-

567

At 31 March 2025

142,400

1,022

143,422

NET BOOK VALUE

At 31 March 2025

-

8,650

At 31 March 2024

-

1,367

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

71,544

Additions

6,455

Disposals

(1,463

)

At 31 March 2025

76,536

DEPRECIATION

At 1 April 2024

59,118

Charge for year

3,502

Eliminated on disposal

(1,377

)

At 31 March 2025

61,243

NET BOOK VALUE

At 31 March 2025

15,293

At 31 March 2024

12,426

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

42,899

42,024

Other debtors

2,591

848

45,490

42,872

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

3,823

3,488

Amounts owed to group undertakings

26,780

-

Taxation and social security

57,500

71,272

Other creditors

20,668

37,799

108,771

112,559

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

M P Sargeant

Balance outstanding at start of year

-

Amounts advanced

26,421

-

Amounts repaid

(26,421

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs A M Sargeant

Balance outstanding at start of year

-

Amounts advanced

974

-

Amounts repaid

(974

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

The above loan was charged interest at a rate of 2.25% for debit balances over £10,000.

9.	RELATED PARTY DISCLOSURES

At the end of the period there was a loan amount outstanding to the parent company, Hair World Holdings Limited of £26,780. This loan was interest free and repayable on demand.