Jego Salon Limited

Financial Statements for the Year Ended 31 March 2025

DIRECTORS:

M Jenkins

K Souto

REGISTERED OFFICE:

26-28 Station Road

Llanishen

Cardiff

CF14 5LT

REGISTERED NUMBER:

11876718 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jego Salon Limited for the year ended 31 March 2025 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Jego Salon Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jego Salon Limited and state those matters that we have agreed to state to the Board of Directors of Jego Salon Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jego Salon Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jego Salon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jego Salon Limited. You consider that Jego Salon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jego Salon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

10 December 2025

FIXED ASSETS

Intangible assets

3

20,000

24,000

Tangible assets

4

6,338

5,585

26,338

29,585

CURRENT ASSETS

Stocks

6,500

6,846

Debtors

5

1,935

342

Cash at bank

57,986

60,709

66,421

67,897

CREDITORS

Amounts falling due within one year

6

45,079

44,337

NET CURRENT ASSETS

21,342

23,560

TOTAL ASSETS LESS CURRENT LIABILITIES

47,680

53,145

CREDITORS

Amounts falling due after more than one year

7

1,768

11,888

NET ASSETS

45,912

41,257

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,812

41,157

45,912

41,257

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

M Jenkins - Director

1.	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.

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 2019, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets

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

Property improvements

-

20% straight line

Fixtures and fittings

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Pension costs

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

16,000

Amortisation for year

4,000

At 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

24,000

4.	TANGIBLE FIXED ASSETS

Fixtures

Property

and

improvements

fittings

Totals

£

£

£

COST

At 1 April 2024

2,200

17,680

19,880

Additions

-

2,593

2,593

At 31 March 2025

2,200

20,273

22,473

DEPRECIATION

At 1 April 2024

1,320

12,975

14,295

Charge for year

440

1,400

1,840

At 31 March 2025

1,760

14,375

16,135

NET BOOK VALUE

At 31 March 2025

440

5,898

6,338

At 31 March 2024

880

4,705

5,585

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors & prepayments

1,935

342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

69

1,499

Taxes & social security costs

21,719

21,814

Other creditors & accruals

13,291

11,024

45,079

44,337

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,768

11,888