| Merritts For Hair Online Limited |
| Registered Number:07519574 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Merritts For Hair Online Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Merritts For Hair Online Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
1,429
924
2
1,429
924
52,700
44,565
3
| Trade and other receivables |
6,698
240
4
24,637
| Cash and cash equivalents |
25,843
70,648
84,035
| Trade and other payables: amounts falling due within one year |
(92,549)
(78,174)
5
(8,514)
(7,526)
Net current liabilities
| Total assets less current liabilities |
(6,097)
(7,590)
| Trade and other payables: amounts falling due after more than one |
| year |
(8,303)
(3,129)
6
(9,226)
Net liabilities
(15,893)
1
1
(9,227)
(15,894)
(9,226)
(15,893)
Shareholders' funds
| For the year ended 31 March 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mrs Zoe Louise Ripley Director |
| These financial statements were approved and authorised for issue by the Board on 16 December 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2025
Merritts For Hair Online Limited
Notes to the Financial Statements
Statutory Information
| Merritts For Hair Online Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07519574. |
186A Bury Road
Bolton
Lancashire
BL2 6AJ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
| 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The |
| financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Furniture and Fittings
Inventories
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its director. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
Taxation
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 rates and laws that have been enacted or substantively enacted |
| by the Statement of Financial Position date. |
Inpairment of Assets
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an |
| impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and |
| compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its |
| recoverable amount and an impairment loss is recognised immediately in the profit or loss. |
| If an impairment loss is subsequently reversed, the carrying amount of the asset is increased to the revised estimate of its |
| recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised in |
| prior periods. A reversal of an impairment loss is recognised immediately in the profit or loss. |
2 of 4
For the year ended 31 March 2025
Merritts For Hair Online Limited
Notes to the Financial Statements Continued
Financial Instruments
| Basic financial instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured |
| initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received |
| less impairment losses for bad and doubtful debts. |
| 2. Property, plant and equipment |
2,253
1,518
735
829
829
-
735
2,347
3,082
| Provision for depreciation and impairment |
1,329
1,233
96
Charge for year
324
164
160
1,653
1,397
256
479
950
1,429
639
285
924
2024
2025
44,565
52,700
| 4. Trade and other receivables |
2024
2025
| Prepayments and accrued income |
240
381
-
6,317
6,698
240
3 of 4
For the year ended 31 March 2025
Merritts For Hair Online Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
5,118
4,992
17,023
17,838
| Taxation and social security |
2,090
2,247
| Accruals and deferred income |
1,905
2,221
42,101
47,368
9,937
17,883
78,174
92,549
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
3,129
8,303
| 7. Related party transactions |
| At the year end the balance on the loan from the Director is £42,100 (2024: £47,368). The loan is interest free and repayable on |
| demand. |
| 8. Average number of persons employed |
During the year the average number of employees was 0
4 of 4