SB King Hair Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12669533

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		6,400
Tangible Assets	5		42,311		49,892

			42,311		56,292
CURRENT ASSETS
Stocks	6	12,960		11,981
Debtors	7	82		767
Cash at bank and in hand		2,785		1,083

		15,827		13,831
Creditors: Amounts Falling Due Within One Year	8	(103,545 )		(73,344 )

NET CURRENT ASSETS (LIABILITIES)			(87,718 )		(59,513 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(45,407 )		(3,221 )

Creditors: Amounts Falling Due After More Than One Year	9		(28,732 )		(37,461 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(11,479 )		(11,479 )

NET LIABILITIES			(85,618 )		(52,161 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(85,718 )		(52,261 )

SHAREHOLDERS' FUNDS			(85,618)		(52,161)

Page 1

Page 2

SB King Hair Ltd

Balance Sheet (continued)

As At 30 June 2025

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

Mrs B C Hoepfner-King

Director

28 November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SB King Hair Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12669533 . The registered office is Suite 5, 5 Charter House, Lord Montgomery Way, Portsmouth, Hampshire, PO1 2SN.

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 - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 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	over 5 years
Motor Vehicles	over 5 years
Fixtures & Fittings	over 5 years
Computer Equipment	over 3 years

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

Page 3

Page 4

SB King Hair Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	32,000

As at 30 June 2025	32,000

Amortisation
As at 1 July 2024	25,600
Provided during the period	6,400

As at 30 June 2025	32,000

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	6,400

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2024	5,280	60,914	1,099	1,461	68,754

As at 30 June 2025	5,280	60,914	1,099	1,461	68,754

Depreciation
As at 1 July 2024	4,803	12,602	-	1,457	18,862
Provided during the period	183	6,301	1,097	-	7,581

As at 30 June 2025	4,986	18,903	1,097	1,457	26,443

Net Book Value
As at 30 June 2025	294	42,011	2	4	42,311

As at 1 July 2024	477	48,312	1,099	4	49,892

6. Stocks

	2025	2024
	£	£
Stock	12,960	11,981

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	82	688
Other debtors	-	79

	82	767

Page 4

Page 5

SB King Hair Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,729	8,422
Other creditors	48,545	35,473
Taxation and social security	46,271	29,449

	103,545	73,344

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	28,732	37,461

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,729	8,422
Later than one year and not later than five years	28,732	37,461

	37,461	45,883

	37,461	45,883

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Related Party Transactions

Included within other creditors is the amount of £48,545 (2024: £33,376) owed to the directors. This amount is undated, unsecured, interest free and repayable upon demand.

13. Ultimate Controlling Party

The company's ultimate controlling party are the directors .

Page 5