REGISTERED NUMBER: SC588366 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Ferguson's Academy Salon Ltd

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A Ferguson

Miss A Ferguson

SECRETARY:

REGISTERED OFFICE:

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

REGISTERED NUMBER:

SC588366 (Scotland)

ACCOUNTANTS:

EAC Accountancy Limited

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a hair salon.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

A Ferguson

Miss A Ferguson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Miss A Ferguson - Director

30 May 2025

TURNOVER

417,618

389,822

Cost of sales

56,541

52,758

GROSS PROFIT

361,077

337,064

Administrative expenses

287,328

263,439

73,749

73,625

Other operating income

7,800

7,800

OPERATING PROFIT

4

81,549

81,425

Interest receivable and similar income

113

77

81,662

81,502

Interest payable and similar expenses

270

596

PROFIT BEFORE TAXATION

81,392

80,906

Tax on profit

17,891

17,775

PROFIT FOR THE FINANCIAL YEAR

63,501

63,131

FIXED ASSETS

Tangible assets

5

5,403

6,357

CURRENT ASSETS

Stocks

7,000

7,000

Cash at bank

180,762

161,165

187,762

168,165

CREDITORS

Amounts falling due within one year

6

48,360

37,860

NET CURRENT ASSETS

139,402

130,305

TOTAL ASSETS LESS CURRENT LIABILITIES

144,805

136,662

CREDITORS

Amounts falling due after more than one year

7

(74,942

)

(92,119

)

PROVISIONS FOR LIABILITIES

(1,026

)

(1,207

)

NET ASSETS

68,837

43,336

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

68,835

43,334

68,837

43,336

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:

A Ferguson - Director

1.	STATUTORY INFORMATION

Ferguson's Academy Salon Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover 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.

15% Reducing Balance

Stocks

Stocks 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 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 tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 12 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

£

Depreciation - owned assets

954

1,121

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

149,623

DEPRECIATION

At 1 April 2024

143,266

Charge for year

954

At 31 March 2025

144,220

NET BOOK VALUE

At 31 March 2025

5,403

At 31 March 2024

6,357

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,000

4,000

Taxation and social security

44,360

33,860

48,360

37,860

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,640

8,630

Other creditors

70,302

83,489

74,942

92,119