Hectik Hair Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08594552

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27,066		1,430

			27,066		1,430
CURRENT ASSETS
Stocks	5	2,888		1,227
Debtors	6	24,510		435
Cash at bank and in hand		122		763

		27,520		2,425
Creditors: Amounts Falling Due Within One Year	7	(169,816 )		(83,002 )

NET CURRENT ASSETS (LIABILITIES)			(142,296 )		(80,577 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(115,230 )		(79,147 )

Creditors: Amounts Falling Due After More Than One Year	8		(50,000 )		(57,887 )

NET LIABILITIES			(165,230 )		(137,034 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(165,330 )		(137,134 )

SHAREHOLDERS' FUNDS			(165,230)		(137,034)

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Hectik Hair Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Demetris Director	Mr Vassos Kesta Director
17th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Hectik Hair Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08594552 . The registered office is 35 Market Square, Bromley, BR1 1NF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Over useful life 12 years
Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	15	7

	15	7

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Hectik Hair Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 August 2024	-	5,259	5,259
Additions	16,146	13,000	29,146

As at 31 July 2025	16,146	18,259	34,405

Depreciation
As at 1 August 2024	-	3,829	3,829
Provided during the period	1,346	2,164	3,510

As at 31 July 2025	1,346	5,993	7,339

Net Book Value
As at 31 July 2025	14,800	12,266	27,066

As at 1 August 2024	-	1,430	1,430

5. Stocks

	2025	2024
	£	£
Stock	2,888	1,227

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,554	435
Prepayments and accrued income	5,706	-
Rent deposit	17,250	-

	24,510	435

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	14,244	5,784
Bank loans and overdrafts	7,866	9,215
Other taxes and social security	22,384	8,944
VAT	18,389	14,770
Other creditors and accruals	14,534	5,048
Associated companies	30,585	2,047
Directors' loan accounts	61,814	37,194

	169,816	83,002

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Hectik Hair Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,887
Directors loan account	50,000	50,000

	50,000	57,887

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

During the year, the company received payment from Hair Hectik (Bromley) Ltd, a company in which both M Demetris and V Kesta are directors and shareholders, amounting to £28,538 (2024: £100). The amount due to Hair Hectik (Bromley) Ltd as at 31st July 2025 was £30,585 (as at 31st July 2024: £2,047).

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