SUYO HAIRDRESSING LIMITED


Director	SHAIKH, Suhail


Registered Address	55 Hersham Road
	Walton-On-Thames
	KT12 1LJ


Registered Number	08868161 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	Suyo Hairdressing Limited is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

	Going concern
	Included within creditors falling due within one year are balances totalling £44,338 (2024: £41,719) which are due to group entities. The company has received assurances from those group companies that the necessary financial support will be provided for the foreseeable future in relation to these intra-group balances such that the company can continue as a going concern. In addition, the company has received assurances from its ultimate controlling party of continued financial support as needed in order to ensure that liabilities continue to be met as they fall due. A number of measures have been put in place to manage the cost base of the business and improve sales with trading after the year end showing improvements on the 2025 financial year, which itself saw a marked increase on the previous year. As such, the director believes that the use of the going concern basis of preparation remains appropriate.

Going concern

Included within creditors falling due within one year are balances totalling £44,338 (2024: £41,719) which are due to group entities.  The company has received assurances from those group companies that the necessary financial support will be provided for the foreseeable future in relation to these intra-group balances such that the company can continue as a going concern. In addition, the company has received assurances from its ultimate controlling party of continued financial support as needed in order to ensure that liabilities continue to be met as they fall due. A number of measures have been put in place to manage the cost base of the business and improve sales with trading after the year end showing improvements on the 2025 financial year, which itself saw a marked increase on the previous year. As such, the director believes that the use of the going concern basis of preparation remains appropriate.

	Turnover policy
	Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. 

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

	Employee benefits
	The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

	Current taxation
	The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Current taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

	Deferred tax
	Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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.  Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

	Intangible assets
	Intangible assets acquired or developed internally are initially measured at cost. The cost of an acquired intangible asset comprises its purchase price and other associated costs specific to the development and preparation of that asset for its intended use. Subsequent expenditure on intangible assets is capitalised only if it is probable that it will increase the future economic benefits associated with the specific asset. Other expenditure is recognised through the profit and loss as incurred. After initial recognition, intangible assets are measured at cost less accumulated amortisation and impairment losses, if any, with amortisation being charged over the expected useful life of the asset which is three years. Goodwill represents the excess of the cost of acquisition of businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life which is ten years.

Intangible assets

Intangible assets acquired or developed internally are initially measured at cost.  The cost of an acquired intangible asset comprises its purchase price and other associated costs specific to the development and preparation of that asset for its intended use.  Subsequent expenditure on intangible assets is capitalised only if it is probable that it will increase the future economic benefits associated with the specific asset.  Other expenditure is recognised through the profit and loss as incurred.  After initial recognition, intangible assets are measured at cost less accumulated amortisation and impairment losses, if any, with amortisation being charged over the expected useful life of the asset which is three years.

Goodwill represents the excess of the cost of acquisition of businesses over the fair value of net assets acquired.  It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.  Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life which is ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:


		Straight line (years)
	Fixtures and fittings	5
	Office Equipment	3

	Stocks and work in progress
	Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Stocks and work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. 

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. 

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	24		24

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	99,624	99,624
At 31 March 25	99,624	99,624
Amortisation and impairment
At 01 April 24	91,901	91,901
Charge for year	7,723	7,723
At 31 March 25	99,624	99,624
Net book value
At 31 March 25	-	-
At 31 March 24	7,723	7,723

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	65,835	4,355	70,190
Additions	-	494	494
At 31 March 25	65,835	4,849	70,684
Depreciation and impairment
At 01 April 24	63,373	3,037	66,410
Charge for year	875	1,109	1,984
At 31 March 25	64,248	4,146	68,394
Net book value
At 31 March 25	1,587	703	2,290
At 31 March 24	2,462	1,318	3,780

5.	Stocks

	2025	2024
	£	£
Other stocks	14,457	14,908
Total	14,457	14,908

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	924	303
Other debtors	13,000	13,000
Prepayments and accrued income	18,179	18,174
Total	32,103	31,477

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	35,754	33,538
Bank borrowings and overdrafts	6,154	13,140
Amounts owed to related parties	44,338	18,338
Taxation and social security	22,504	50,584
Other creditors	1,536	1,309
Accrued liabilities and deferred income	50,958	42,500
Total	161,244	159,409

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,682	35,841
Total	29,682	35,841

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	573	945
Total	573	945

10.	Operating lease commitments
	At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £270,981 (2024 – £46,721).

11.	Share capital
	Share capital comprises 100 Ordinary shares of £1 each (2024: 100 Ordinary shares of £1 each) which are issued and fully paid.

12.	Related party transactions
	The company has taken advantage of the exemption under the terms of Financial Reporting Standard 102 ‘The Financial Reporting Standards applicable in the UK and Republic of Ireland’ not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	Controlling party
	The ultimate parent company and ultimate controlling party is Brighter Beauty Group Limited (2024: Brighter Beauty Group Limited).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		7,723
Tangible assets	4		2,290		3,780
			2,290		11,503
Current assets
Stocks	5	14,457		14,908
Debtors	6	32,103		31,477
Cash at bank and on hand		1,576		-
		48,136		46,385
Creditors amounts falling due within one year	7	(161,244)		(159,409)
Net current assets (liabilities)			(113,108)		(113,024)
Total assets less current liabilities			(110,818)		(101,521)
Creditors amounts falling due after one year	8		(29,682)		(35,841)
Provisions for liabilities	9		(573)		(945)
Net assets			(141,073)		(138,307)
Capital and reserves
Called up share capital			100		100
Other reserves			11		11
Profit and loss account			(141,184)		(138,418)
Shareholders' funds			(141,073)		(138,307)