REGISTERED NUMBER: 04626513 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HAIR + BEAUTY WORKSHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Nail

SECRETARY:

Ms E Nail

REGISTERED OFFICE:

4 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3LL

REGISTERED NUMBER:

04626513 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

28,800

33,600

Tangible assets

5

9,566

4,929

38,366

38,529

CURRENT ASSETS

Stocks

76,250

80,700

Debtors

6

1,761

1,461

Cash at bank and in hand

8,009

20,459

86,020

102,620

CREDITORS

Amounts falling due within one year

7

21,683

29,207

NET CURRENT ASSETS

64,337

73,413

TOTAL ASSETS LESS CURRENT LIABILITIES

102,703

111,942

CREDITORS

Amounts falling due after more than one year

8

(1,568

)

(11,768

)

PROVISIONS FOR LIABILITIES

(936

)

(936

)

NET ASSETS

100,199

99,238

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

100,099

99,138

SHAREHOLDERS' FUNDS

100,199

99,238

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 director acknowledges his 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 director and authorised for issue on 2 December 2025 and were signed by:

Mr A Nail - Director

1.	STATUTORY INFORMATION

Hair + Beauty Workshop 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.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on 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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

120,000

AMORTISATION

At 1 April 2024

86,400

Charge for year

4,800

At 31 March 2025

91,200

NET BOOK VALUE

At 31 March 2025

28,800

At 31 March 2024

33,600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

30,548

Additions

7,826

At 31 March 2025

38,374

DEPRECIATION

At 1 April 2024

25,619

Charge for year

3,189

At 31 March 2025

28,808

NET BOOK VALUE

At 31 March 2025

9,566

At 31 March 2024

4,929

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,761

1,461

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

1,635

7,519

Taxation and social security

6,284

7,285

Other creditors

3,116

3,755

21,683

29,207

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,568

11,768

9.	ULTIMATE CONTROLLING PARTY

At the year end, Mr J Nail and Ms E Nail who each own 50% of the company's share capital, are jointly the company's ultimate controlling parties.