REGISTERED NUMBER: 06451340 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Michael Andrews Hairdressing Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

L Connolly

N L Connolly

SECRETARY:

N L Connolly

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

06451340 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

1

1

CURRENT ASSETS

Inventories

500

800

Debtors

6

30,979

34,251

Cash at bank and in hand

2,546

3,852

34,025

38,903

CREDITORS

Amounts falling due within one year

7

(46,794

)

(45,778

)

NET CURRENT LIABILITIES

(12,769

)

(6,875

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,768

)

(6,874

)

CREDITORS

Amounts falling due after more than one year

8

(616

)

(1,651

)

NET LIABILITIES

(13,384

)

(8,525

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(14,384

)

(9,525

)

(13,384

)

(8,525

)

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 15 December 2025 and were signed on its behalf by:

N L Connolly - Director

1.	STATUTORY INFORMATION

Michael Andrews Hairdressing 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, despite the net liability position of £13,384 as the directors have confirmed that they will continue to provide financial support to the company to enable it to meet its liabilities as they fall due for the foreseeable future.

Turnover

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

Tangible fixed assets

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

Short leasehold

-

15 years

Improvements to property

-

25% on cost

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Short

to

leasehold

property

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

1

6,830

6,831

Depreciation

At 1 April 2024

and 31 March 2025

-

6,830

6,830

Net book value

At 31 March 2025

1

-

1

At 31 March 2024

1

-

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other debtors

30,979

34,251

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

25,551

23,366

Trade creditors

623

407

Taxation and social security

5,070

6,338

Other creditors

15,550

15,667

46,794

45,778

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

616

1,651

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/3/25

31/3/24

£

£

N L Connolly

Balance outstanding at start of year

21,896

18,836

Amounts advanced

1,842

4,292

Amounts repaid

(4,288

)

(1,232

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,450

21,896

The loan carries interest at a commercial rate.