S_Bevan_Hairdressing_Limited_31_Mar_2025_companies_house_set_of

S Bevan Hairdressing Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of S Bevan Hairdressing Limited

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

S Bevan Hairdressing Limited

for the year ended

31 March 2025

which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

S Bevan Hairdressing Limited

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

S Bevan Hairdressing Limited

and state those matters that we have agreed to state to the Board of Directors of

S Bevan Hairdressing Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

S Bevan Hairdressing Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

S Bevan Hairdressing Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

S Bevan Hairdressing Limited

. You consider that

S Bevan Hairdressing Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S Bevan Hairdressing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Proud Goulbourn Accountants Limited

Chartered Accountants

Office 16, Hamilton Davies House

117c Liverpool Road

Cadishead

Manchester

M44 5BG

United Kingdom

Date:

12 May 2025

S Bevan Hairdressing Limited

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	17,500		18,750
Tangible assets	6	2,890		3,490
		20,390		22,240
Current assets
Stocks		500		500
Debtors	7	5,876		229
Cash at bank and in hand		1,607		1,431
		7,983		2,160
Creditors: amounts falling due within one year	8	(4,444	)	(7,722	)
Net current assets/(liabilities)		3,539		(5,562	)
Total assets less current liabilities		23,929		16,678
Provisions for liabilities		(2,500	)	(2,500	)
Net assets		21,429		14,178
Capital and reserves
Called up share capital		404		404
Profit and loss account		21,025		13,774
Shareholders funds		21,429		14,178

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

12 May 2025

, and are signed on behalf of the board by:

S Charlton

Director

Company registration number:

04706497

S Bevan Hairdressing Limited

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

30 Ollerton Close

Grappenhall

Warrington

WA4 2UD

, England.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

Tangible assets

Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery

10% straight line

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For impairment testing of goodwill, the goodwill acquired is a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Operating leases

Lease payments are recognised as an expense over the least term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line basis.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2024:

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	25,000
Amortisation
At 1 April 2024	6,250
Charge	1,250
At 31 March 2025	7,500
Carrying amount
At 31 March 2025	17,500
At 31 March 2024	18,750

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024 and 31 March 2025	5,996
Depreciation
At 1 April 2024	2,506
Charge	600
At 31 March 2025	3,106
Carrying amount
At 31 March 2025	2,890
At 31 March 2024	3,490

7 Debtors

	2025	2024
	£	£
Trade debtors	229	229
Other debtors	5,647	-
	5,876	229

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Taxation and social security	3,524	2,665
Other creditors	920	5,057
	4,444	7,722