The Salon 18b Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09326016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

THE SALON 18B LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S L Jones

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

09326016 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Lloyds Bank plc

28, Regent Street

Wrexham

LL11 1SE

FIXED ASSETS

Tangible assets

4

3,122

3,787

CURRENT ASSETS

Stocks

580

895

Debtors

5

4,912

2,572

Cash in hand

15

5,507

3,482

CREDITORS

Amounts falling due within one year

6

31,078

18,279

NET CURRENT LIABILITIES

(25,571

)

(14,797

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,449

)

(11,010

)

CREDITORS

Amounts falling due after more than one
year

7

4,000

5,000

NET LIABILITIES

(26,449

)

(16,010

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(26,549

)

(16,110

)

SHAREHOLDERS' FUNDS

(26,449

)

(16,010

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 24th December 2025 and were signed by:

S L Jones - Director

1.	STATUTORY INFORMATION

The Salon 18b 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis on the assumption that the support of the providers of finance will be continued. If this support is withdrawn, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

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.

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

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.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1st April 2024

and 31st March 2025

4,605

1,387

284

6,276

DEPRECIATION

At 1st April 2024

1,579

626

284

2,489

Charge for year

461

204

-

665

At 31st March 2025

2,040

830

284

3,154

NET BOOK VALUE

At 31st March 2025

2,565

557

-

3,122

At 31st March 2024

3,026

761

-

3,787

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Deferred tax asset

4,895

2,555

Prepayments

17

4,912

2,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

1,470

2,428

Trade creditors

809

1,717

Social security and other taxes

249

Directors' current accounts

27,185

12,185

Accrued expenses

1,365

1,700

31,078

18,279

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

1,000

Bank loans - 2-5 years

3,000

Bank loans more 5 yr by instal

-

1,000

4,000

5,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,000

8.	DEFERRED TAX

£

Balance at 1st April 2024

(2,555

)

Movement in the year due to:

changes in allowances

18

changes in tax rate

changes in tax losses

(2,358

)

Balance at 31st March 2025

(4,895

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

earnings

£

At 1st April 2024

(16,110

)

Deficit for the year

(10,439

)

At 31st March 2025

(26,549

)

11.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

-

12.	ULTIMATE CONTROLLING PARTY

The controlling party is S L Jones.