Willow Hair Design Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05784116

Willow Hair Design Limited

Filleted Unaudited Financial Statements

31 March 2025

Willow Hair Design Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Willow Hair Design Limited

Officers and Professional Advisers

The board of directors	Ms N W Webb
	Mrs M J Forsdyke

Registered office	71 Willow Road
	Kettering
	Northants
	NN15 7BA

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Willow Hair Design Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Willow Hair Design Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Willow Hair Design Limited for the year ended 31 March 2025, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Willow Hair Design Limited, as a body, in accordance with the terms of our engagement letter dated 24 November 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Willow Hair Design Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willow Hair Design Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Willow Hair Design 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 Willow Hair Design Limited. You consider that Willow Hair Design 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 Willow Hair Design 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.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

15 December 2025

Willow Hair Design Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		35,325	37,612

Current assets

Stocks		4,614	4,691
Debtors	6	906	1,547
Cash at bank and in hand		96,593	99,831
		---------	---------
		102,113	106,069

Creditors: amounts falling due within one year	7	37,487		42,795
		---------		---------
Net current assets			64,626	63,274
			--------	---------
Total assets less current liabilities			99,951	100,886

Creditors: amounts falling due after more than one year	8		1,000	7,000

Provisions

Taxation including deferred tax	2,880	2,969
	--------	---------
Net assets	96,071	90,917
	--------	---------

Capital and reserves

Called up share capital	120	120
Profit and loss account	95,951	90,797
	--------	--------
Shareholders funds	96,071	90,917
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Willow Hair Design Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mrs M J Forsdyke

Director

Company registration number: 05784116

Willow Hair Design Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71 Willow Road, Kettering, Northants, NN15 7BA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to Freehold Property	-	7% reducing balance
Fixtures and Fittings	-	15% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 16 ).

5. Tangible assets

	Improvements to freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	64,762	67,744	132,506
Additions	–	1,676	1,676
	--------	--------	---------
At 31 March 2025	64,762	69,420	134,182
	--------	--------	---------
Depreciation
At 1 April 2024	39,022	55,872	94,894
Charge for the year	1,931	2,032	3,963
	--------	--------	---------
At 31 March 2025	40,953	57,904	98,857
	--------	--------	---------
Carrying amount
At 31 March 2025	23,809	11,516	35,325
	--------	--------	---------
At 31 March 2024	25,740	11,872	37,612
	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	–	617
Prepayments and accrued income	906	930
	----	-------
	906	1,547
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,000	6,000
Trade creditors	1,429	971
Accruals and deferred income	9,945	13,097
Corporation tax	9,504	11,718
Social security and other taxes	10,163	10,173
Director loan accounts	446	836
	--------	--------
	37,487	42,795
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,000	7,000
	-------	-------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	11,250	11,250
Later than 1 year and not later than 5 years	22,500	33,750
	--------	--------
	33,750	45,000
	--------	--------

The annual rental lease charge of £11,250 is due to expire 31st March 2028.

10. Related party transactions

During the year the director, M J Forsdyke, received rental payments from the Company totalling £11,250 (2024: £11,250).