Company registration number 08898301 (England and Wales)
HAIR BURST LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
HAIR BURST LIMITED
COMPANY INFORMATION
Directors
H R Gwilliam
J P Hill
Company number
08898301
Registered office
Spaces
7 Park Row
Leeds
LS1 5HD
Auditor
Hart Shaw LLP
Europa Link
Sheffield Business Park
Sheffield
S9 1XU
HAIR BURST LIMITED
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4 - 5
Directors' responsibilities statement
6
Independent auditor's report
7 - 9
Statement of comprehensive income
10
Balance sheet
11
Statement of changes in equity
12
Notes to the financial statements
13 - 25
HAIR BURST LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

The directors present the strategic report for the year ended 31 January 2025.

Principal activities

The principal activity of the company continued to be that of the production and sale of hair vitamins and hair products.

Review of the business

Strategic overview

FY25 was a transition year for the Company following the buy-back, new finance system implementation, and a number of strategic decisions to simplify the operating model and exit non-core activities. The statutory loss for the year reflects a defined set of non-recurring items arising from these actions and from temporary operational disruption, rather than from the Company’s underlying trading performance.

The matters giving rise to these one-off items were time-bound and have been addressed since the year end. There were also a number of adjustments needed to tidy up from historical years that has impacted the statutory operating profits of the business.

Detailed Report – FY25 Performance and Exceptional Items

FY25 represented a period of significant transition for the Company following the completion of the buy-back and the implementation of a new finance system. During the year, the Board undertook a number of strategic and operational actions intended to simplify the Company’s operating model and strengthen its financial and systems infrastructure. As a result, the statutory loss for the year reflects a number of non-recurring items arising from these actions, rather than the underlying trading performance of the business.

Strategic Market Actions

During the year, the Board took the decision to exit the US market and to reallocate resources towards core geographies where the Company has established scale and more predictable unit economics. This decision resulted in excess US-specific inventory and an increase in stock provisions recognised at the year end of £86,789.

The costs associated with US-specific inventory have been classified as one-off within adjusted EBITDA, as they arose directly from a discrete strategic decision to exit the market and do not relate to the Company’s continuing operations.

Supply Chain Disruption and Related Costs

Between June and September FY25, the Company experienced material global supply chain disruption, resulting in stock-outs across a number of key product lines. This disruption constrained the Company’s ability to fulfil customer demand and limited the execution of planned promotional activity during the period.

During the disruption period, a portion of direct-to-consumer marketing spend had been contractually committed and could not be fully reduced without incurring cancellation costs or reputation brand damage. As a result, marketing costs during this period were temporarily elevated relative to revenue.

The element of marketing spends attributable to supply chain disruption, totalling £249,263, has been classified as a one-off item within adjusted EBITDA, reflecting its non-recurring nature and direct linkage to the disruption period.

In addition, the Company incurred additional one-off direct-to-consumer shipping inefficiencies during FY25 as a result of operational disruption. Shipping costs of £273,919 have been classified as one-off within the January 2025 accounts, as these costs arose from temporary inefficiencies and are not expected to recur. Similarly, there were fulfilment challenges in Europe which limited the company's ability to service the market effectively and resulted in the company changing third party logistics providers at an ongoing saving of £130,833.

HAIR BURST LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 2 -

Finance Function and Systems Transition

FY25 included a one-off transition of the finance function following a new system implementation. Additional accounting and advisory support were required to complete system stabilisation, address historical data and process remediation, and strengthen financial reporting and controls.

As a result, the Company incurred additional one-off accounting and advisory costs of £122,482 during the year. An Interim Financial Controller was also engaged between September 2024 and January 2025 at a cost of £38,037 to support this transition activity.

These costs have been classified as one-off due to their temporary nature, duplication of resource, and direct association with the finance system transition. The interim support concluded prior to the year end and does not represent an ongoing cost to the Company.

Organisational and Infrastructure Changes

During the year, the Company continued its transition away from the JD Group and completed the establishment of standalone Hairburst infrastructure. The year also included changes to the leadership and management structure as the Company progressed towards a simplified and independent operating model.

While these changes are expected to support the Company’s longer-term strategy, they resulted in short-term disruption during FY25 as systems, processes, and organisational responsibilities were reconfigured.

Post Year-End Position

The items classified as one-off during FY25 arose from identifiable strategic actions and operational disruption within a defined transition period. Since the year end, the Company has completed the finance function transition, stabilised its supply chain, and exited non-core and loss-making activities.

Based on trading performance since the year end, the Board are confident that the business underlying performance and trajectory post buy back is in much more stabilised and positive place.

Key performance indicators
2025
2024
£
£
Turnover
15,106,825
16,327,104
Gross profit margin
64.31%
72.50%
Adjusted EBITDA
1
(931,126)
513,390
Adjusted EBITDA margin
(6.16)%
3.14%
Notes:
1 - Adjusted EBITDA is defined as operating profit plus depreciation, amortisation, exceptional items and other one-off items.
Adjusted EBITDA calculations:
2025
2024
£
£
Operating (loss)/profit
(1,527,824)
667,143
Depreciation and amortisation
24,013
17,318
Exceptional items
(328,638)
(171,071)
Other one-off items
2
901,323
-
Adjusted EBITDA
(931,126)
513,390
Notes on other one-off items:
2 - The other one-off items are those detailed throughout the business review section of this report.
HAIR BURST LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
Principal risks and uncertainties

Any business undertaking will involve some risk with many risk factors common to any business regardless of what sector it operates in. However, the Directors consider that certain risks and uncertainties are more specific to the Company and the retail sector in which it operates. These risks and uncertainties include the following:

- delays in product delivery due to supplier sourcing and delivery issues;

- general economic factors; and

- the influence of competitors in the online digital platforms.

The Directors continue to endeavour to manage these risks and uncertainties to the extent possible within the business.

On behalf of the board

H R Gwilliam
Director
12 February 2026
HAIR BURST LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 January 2025.

Results and dividends

The results for the year are set out on page 10.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

H R Gwilliam
J P Hill
Auditor

The auditor, Hart Shaw LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

In making this assessment the directors have considered, amongst other things, the recent and projected trading performance. The directors acknowledge the loss reported in these financial statements and the results for the period to 31 January 2026 are also expected to show a trading loss, however the company is forecast to return long term profitable results in the periods following.

After the year end the company has taken out a £2.5m trade credit facility which has alleviated any short term cashflow constraints and at the point of approving these financial statements there is still c£1m headroom still in this facility.

The directors are confident that the company will return to future profitability and offer their continued support, confirming that the Company will have access to the necessary funds to allow it to meet it's liabilities as they fall due, for a period of at least 12 months from the approval of the financial statements. The Company is in receipt of such assurances and have assessed the ability of the directors to provide such support.

A such they have concluded that no material uncertainty exists as to the basis of preparation of the financial statements. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

HAIR BURST LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
H R Gwilliam
Director
12 February 2026
HAIR BURST LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

HAIR BURST LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HAIR BURST LIMITED
- 7 -
Opinion

We have audited the financial statements of Hair Burst Limited (the 'company') for the year ended 31 January 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

HAIR BURST LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HAIR BURST LIMITED (CONTINUED)
- 8 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

At the planning stage we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management, as required by auditing standards. The potential effect of any laws and regulation on the financial statements can vary considerably. There are laws and regulations that directly affect the financial statements (e.g. the Companies Act) as well as many other operational laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. Owing to the size, nature and complexity of the organisation and the applicable laws and regulations to which it must adhere, the risk of material misstatement was deemed to be low, therefore the procedures performed by the audit team were limited to:

- Communicating identified laws and regulations at planning throughout the audit team to remain alert to any indications of non-compliance throughout the audit.

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as non-compliance with laws and regulations.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

HAIR BURST LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF HAIR BURST LIMITED (CONTINUED)
- 9 -

We have assessed the overall susceptibility of the financial statements to material misstatement due to fraud. Management override is the most likely way in which fraud might present itself and as such is inherently high risk on any audit. Management override, which may cause there to be a material misstatement within the financial statements, may present itself in a number of ways, for example:

- Override of internal controls (e.g. segregation of duties)

- Entering into transactions outside the normal course of business, especially with related parties

- Fraudulent revenue recognition, including fictitious sales and sales being recorded in the wrong period.

- P resenting bias in accounting judgements and estimates, particularly ones that are key to the business.

In order to reduce the risk of material misstatement to an acceptable level, numerous audit procedures were performed including:

- Enquiries of management as to whether they had any knowledge of any actual or suspected fraud

- Review of journal entries made throughout the year as well as those made to prepare the financial statements

- Reviewing the underlying rationale behind transactions in order to assess whether they were outside the normal course of business.

- Increased revenue substantive testing across material income streams.

- Assessing whether management's judgements and estimates indicated potential bias, particularly those ones that are key to the business as detailed in note 2.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected material misstatements in the financial statements, even though we have performed our audit in accordance with auditing standards. Furthermore, as with all audits, there is a higher risk of irregularities (especially those relating to fraud) being undetected, as these may involve the override of internal controls, collusion, intentional omissions and misrepresentations etc. We are not responsible for preventing non-compliance or fraud and therefore cannot be expected to detect all instances of such. Our audit was not designed to identify misstatements or other irregularities that would not be considered to be material to the financial statements. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Adam Shield (Senior Statutory Auditor)
For and on behalf of Hart Shaw LLP, Statutory Auditor
Chartered Accountants
Europa Link
Sheffield Business Park
Sheffield
S9 1XU
12 February 2026
HAIR BURST LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025
- 10 -
2025
2024
Notes
£
£
Turnover
3
15,106,825
16,327,104
Cost of sales
(5,391,953)
(4,489,837)
Gross profit
9,714,872
11,837,267
Distribution costs
(3,955,789)
(4,015,107)
Administrative expenses
(7,615,545)
(7,326,088)
Group loan release
4
61,211
171,071
Release of provision for dispute
4
267,427
-
0
Operating (loss)/profit
5
(1,527,824)
667,143
Interest receivable and similar income
8
45,246
-
0
(Loss)/profit before taxation
(1,482,578)
667,143
Tax on (loss)/profit
9
5,900
(128,218)
(Loss)/profit for the financial year
(1,476,678)
538,925

The profit and loss account has been prepared on the basis that all operations are continuing operations.

HAIR BURST LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
11
52,536
-
0
Tangible assets
12
30,720
27,489
83,256
27,489
Current assets
Stocks
13
2,185,721
2,368,748
Debtors
14
2,147,880
2,451,610
Cash at bank and in hand
446,985
410,101
4,780,586
5,230,459
Creditors: amounts falling due within one year
15
(3,763,362)
(2,674,890)
Net current assets
1,017,224
2,555,569
Total assets less current liabilities
1,100,480
2,583,058
Provisions for liabilities
Deferred tax liability
16
-
0
5,900
-
(5,900)
Net assets
1,100,480
2,577,158
Capital and reserves
Called up share capital
18
17
17
Profit and loss reserves
1,100,463
2,577,141
Total equity
1,100,480
2,577,158

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
H R Gwilliam
Director
Company registration number 08898301 (England and Wales)
HAIR BURST LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
- 12 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 30 January 2023
17
4,683,947
4,683,964
Year ended 31 January 2024:
Profit and total comprehensive income
-
538,925
538,925
Dividends
10
-
(1,571,308)
(1,571,308)
Deemed distributions to parent due to group loan balance not being recoverable
10
-
(1,074,423)
(1,074,423)
Balance at 31 January 2024
17
2,577,141
2,577,158
Year ended 31 January 2025:
Loss and total comprehensive income
-
(1,476,678)
(1,476,678)
Balance at 31 January 2025
17
1,100,463
1,100,480
HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 13 -
1
Accounting policies
Company information

Hair Burst Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is Spaces, 7 Park Row, Leeds, LS1 5HD.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of HB Holdco Limited. These consolidated financial statements are available from its registered office, Spaces, 7 Park Row, Leeds, LS1 5HD.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

In making this assessment the directors have considered, amongst other things, the recent and projected trading performance. The directors acknowledge the loss reported in these financial statements and the results for the period to 31 January 2026 are also expected to show a trading loss, however the company is forecast to return long term profitable results in the periods following.

After the year end the company has taken out a £2.5m trade credit facility which has alleviated any short term cashflow constraints and at the point of approving these financial statements there is still c£1m headroom still in this facility.

The directors are confident that the company will return to future profitability and offer their continued support, confirming that the Company will have access to the necessary funds to allow it to meet it's liabilities as they fall due, for a period of at least 12 months from the approval of the financial statements. The Company is in receipt of such assurances and have assessed the ability of the directors to provide such support.

A such they have concluded that no material uncertainty exists as to the basis of preparation of the financial statements. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 14 -

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website and other intangibles
18 - 20% straight line
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
5 years straight line
Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 15 -
1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 16 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are s ubsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 17 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
2
Judgements and key sources of estimation uncertainty
(Continued)
- 18 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Provision to write stocks down to net realiseable value

The company makes provisions for obsolete stock based on management estimates of sales volumes and the sell by date of products. The company's estimate of the provision required is included in note 13. Actual outcomes could vary significantly from these estimates.

3
Turnover and other revenue

An analysis of the company's turnover is as follows:

2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
6,426,174
8,246,048
Europe
7,085,666
6,819,238
Rest of World
1,594,985
1,261,818
15,106,825
16,327,104
2025
2024
£
£
Other revenue
Interest income
45,246
-
4
Exceptional items
2025
2024
£
£
Income
Group loan release
(61,211)
(171,071)
Release of provision for dispute
(267,427)
-
(328,638)
(171,071)

Following the change in ownership during the prior year, amounts owed to certain former group companies were released to the statement of comprehensive income as these were no longer payable.

In the current year, amounts due to fellow group undertakings were waived and subsequently written off.

In the current year, accrued costs in relation to an historic dispute were released as the directors no longer believe there is a risk of unforeseen costs in relation to this.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 19 -
5
Operating (loss)/profit
2025
2024
Operating (loss)/profit for the year is stated after charging:
£
£
Exchange losses
53,558
30,812
Fees payable to the company's auditor for the audit of the company's financial statements
21,500
19,500
Depreciation of tangible fixed assets
20,722
17,318
Amortisation of intangible assets
3,291
-
Operating lease charges
-
54,052
6
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Selling, distribution and administrative
30
33

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,674,673
1,465,879
Social security costs
166,156
158,221
Pension costs
26,818
25,533
1,867,647
1,649,633
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
-
0
120,000
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
22,858
-
0
Other interest income
22,388
-
0
Total income
45,246
-
0
HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 20 -
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
48,351
Adjustments in respect of prior periods
-
0
(140,533)
Total current tax
-
0
(92,182)
Deferred tax
Origination and reversal of timing differences
(5,900)
112,000
Adjustment in respect of prior periods
-
0
108,400
Total deferred tax
(5,900)
220,400
Total tax (credit)/charge
(5,900)
128,218

The actual (credit)/charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
(Loss)/profit before taxation
(1,482,578)
667,143
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 24.03%)
(370,645)
160,314
Tax effect of expenses that are not deductible in determining taxable profit
6,596
37
Tax effect of income not taxable in determining taxable profit
(15,303)
-
0
Change in unrecognised deferred tax assets
373,452
-
0
Adjustments in respect of prior years
-
0
(140,533)
Deferred tax adjustments in respect of prior years
-
0
108,400
Taxation (credit)/charge for the year
(5,900)
128,218

The company has unutilised tax losses of £1,575,000 (2024 - £nil).

10
Dividends and distributions
2025
2024
£
£
Dividends
Interim paid
-
0
1,571,308
HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
10
Dividends and distributions
(Continued)
- 21 -
Other distributions
Deemed distributions to parent due to group loan balance not being recoverable*
-
0
1,074,423
*During the prior year the ultimate parent of the company changed, after the change in ownership the directors have assessed the group balance with the company's parent company, Hairburst Holding Group Limited, as no longer recoverable. To show a true and fair view the write off of this balance has been represented as a distibribution.
11
Intangible fixed assets
Website and other intangibles
£
Cost
At 1 February 2024
-
0
Additions
55,827
At 31 January 2025
55,827
Amortisation and impairment
At 1 February 2024
-
0
Amortisation charged for the year
3,291
At 31 January 2025
3,291
Carrying amount
At 31 January 2025
52,536
At 31 January 2024
-
0
12
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 February 2024
11,437
86,875
98,312
Additions
-
0
23,953
23,953
At 31 January 2025
11,437
110,828
122,265
Depreciation and impairment
At 1 February 2024
9,230
61,593
70,823
Depreciation charged in the year
1,836
18,886
20,722
At 31 January 2025
11,066
80,479
91,545
HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
12
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
(Continued)
- 22 -
Carrying amount
At 31 January 2025
371
30,349
30,720
At 31 January 2024
2,207
25,282
27,489
13
Stocks
2025
2024
£
£
Finished goods and goods for resale
2,185,721
2,368,748

Included in cost of stocks is a provision of £437,939 (2024: £322,409).

14
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,333,376
1,575,339
Corporation tax recoverable
44,622
385,130
Amounts owed by group undertakings
-
0
203,492
Other debtors
658,122
176,641
Prepayments and accrued income
111,760
111,008
2,147,880
2,451,610

Amounts owed by group undertakings are unsecured, interest free and have no set payment terms.

15
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,691,952
857,720
Amounts owed to group undertakings
57,097
64,068
Taxation and social security
1,218,983
737,127
Other creditors
112,734
98,237
Accruals and deferred income
682,596
917,738
3,763,362
2,674,890

Amounts owed to group undertakings are unsecured, interest free and have no set payment terms.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 23 -
16
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
-
5,900
2025
Movements in the year:
£
Liability at 1 February 2024
5,900
Credit to profit or loss
(5,900)
Liability at 31 January 2025
-
17
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
26,818
25,533

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

18
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12
12
12
12
Ordinary B shares of £1 each
2
2
2
2
Ordinary C shares of £1 each
1
1
1
1
Ordinary D shares of £1 each
1
1
1
1
Ordinary E shares of £1 each
1
1
1
1
17
17
17
17

All shares have rights to dividends but only the ordinary shares carry voting rights and the right to surplus capital on winding up. Shares rank pari passu in all other respects. All shares are fully paid up.

19
Events after the reporting date

After the year end the company has taken out a £2,500,000 trade credit facility with HSBC with a fixed and floating charge over all assets of the company.

HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 24 -
20
Related party transactions
Transactions with related parties

As a wholly owned subsidiary undertaking of Hair Burst Holding Group Limited, the company has taken advantage of the exemption in FRS 102 “Related party disclosures” not to disclose transactions with fellow group companies.

During the year the company entered into the following transactions with related parties:

Purchase of employee services
Loan repayments
2025
2024
2025
2024
£
£
£
£
Entities with control, joint control or significant influence over the company
-
-
-
350,000
Other related parties
-
54,013
-
-

Amounts owed are all unsecured, interest free and have no set payment terms. During the prior year the decision was made to impair an amount owed by a company under the control of one of the directors amounting to £78,374.

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Companies under common control
357,092
8,716
21
Directors' transactions

Interest free loans have been granted by the company to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors' loan account
-
17,316
12,872
30,188
17,316
12,872
30,188
HAIR BURST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 25 -
22
Parent company & ultimate controlling party

Parent company

The company is a subsidiary undertaking of Hairburst Holding Group Limited, which is a subsidiary of HB Holdco Limited, which are both registered in England.

Consolidated financial statements will be prepared by HB Holdco Limited, which is the parent undertaking of the smallest and largest group of undertakings to consolidate these financial statements for the year ended 31 January 2025. The consolidated financial statements of HB Holdco Limited can be obtained from its registered office of 27 Turner Street, Manchester, M4 1DG.

Ultimate controlling party

J Hill is considered the ultimate controlling party by virtue of their shareholding of HB Holdco Limited and Hairburst Holding Group Limited.

2025-01-31 2024-02-01 false false false CCH Software CCH Accounts Production 2025.300 H R Gwilliam J P Hill 08898301 2024-02-01 2025-01-31 08898301 bus:Director1 2024-02-01 2025-01-31 08898301 bus:Director2 2024-02-01 2025-01-31 08898301 bus:RegisteredOffice 2024-02-01 2025-01-31 08898301 2023-01-30 2024-01-31 08898301 2025-01-31 08898301 core:ContinuingOperations core:Exceptional 1 2024-02-01 2025-01-31 08898301 core:Exceptional 1 2023-01-30 2024-01-31 08898301 core:Exceptional 2 2024-02-01 2025-01-31 08898301 core:Exceptional 2 2023-01-30 2024-01-31 08898301 core:RetainedEarningsAccumulatedLosses 2023-01-30 2024-01-31 08898301 core:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 08898301 core:IntangibleAssetsOtherThanGoodwill 2025-01-31 08898301 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 08898301 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2025-01-31 08898301 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 08898301 2024-01-31 08898301 core:FurnitureFittings 2025-01-31 08898301 core:ComputerEquipment 2025-01-31 08898301 core:FurnitureFittings 2024-01-31 08898301 core:ComputerEquipment 2024-01-31 08898301 core:WithinOneYear 2025-01-31 08898301 core:WithinOneYear 2024-01-31 08898301 core:CurrentFinancialInstruments 2025-01-31 08898301 core:CurrentFinancialInstruments 2024-01-31 08898301 core:ShareCapital 2025-01-31 08898301 core:ShareCapital 2024-01-31 08898301 core:RetainedEarningsAccumulatedLosses 2025-01-31 08898301 core:RetainedEarningsAccumulatedLosses 2024-01-31 08898301 core:ShareCapital 2023-01-29 08898301 core:RetainedEarningsAccumulatedLosses 2023-01-29 08898301 core:ShareCapitalOrdinaryShareClass1 2025-01-31 08898301 core:ShareCapitalOrdinaryShareClass1 2024-01-31 08898301 core:ShareCapitalOrdinaryShareClass2 2025-01-31 08898301 core:ShareCapitalOrdinaryShareClass2 2024-01-31 08898301 core:ShareCapitalOrdinaryShareClass3 2025-01-31 08898301 core:ShareCapitalOrdinaryShareClass3 2024-01-31 08898301 core:ShareCapitalOrdinaryShareClass4 2025-01-31 08898301 core:ShareCapitalOrdinaryShareClass4 2024-01-31 08898301 core:ShareCapitalOrdinaryShareClass5 2025-01-31 08898301 core:ShareCapitalOrdinaryShareClass5 2024-01-31 08898301 core:ShareCapitalOrdinaryShares 2025-01-31 08898301 core:ShareCapitalOrdinaryShares 2024-01-31 08898301 core:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 08898301 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 08898301 core:FurnitureFittings 2024-02-01 2025-01-31 08898301 core:ComputerEquipment 2024-02-01 2025-01-31 08898301 core:UKTax 2024-02-01 2025-01-31 08898301 core:UKTax 2023-01-30 2024-01-31 08898301 1 2024-02-01 2025-01-31 08898301 1 2023-01-30 2024-01-31 08898301 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-01-31 08898301 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:ExternallyAcquiredIntangibleAssets 2024-02-01 2025-01-31 08898301 core:FurnitureFittings 2024-01-31 08898301 core:ComputerEquipment 2024-01-31 08898301 2024-01-31 08898301 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 08898301 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 08898301 bus:OrdinaryShareClass3 2024-02-01 2025-01-31 08898301 bus:OrdinaryShareClass4 2024-02-01 2025-01-31 08898301 bus:OrdinaryShareClass5 2024-02-01 2025-01-31 08898301 bus:OrdinaryShareClass1 2025-01-31 08898301 bus:OrdinaryShareClass1 2024-01-31 08898301 bus:OrdinaryShareClass2 2025-01-31 08898301 bus:OrdinaryShareClass2 2024-01-31 08898301 bus:OrdinaryShareClass3 2025-01-31 08898301 bus:OrdinaryShareClass3 2024-01-31 08898301 bus:OrdinaryShareClass4 2025-01-31 08898301 bus:OrdinaryShareClass4 2024-01-31 08898301 bus:OrdinaryShareClass5 2025-01-31 08898301 bus:OrdinaryShareClass5 2024-01-31 08898301 bus:AllOrdinaryShares 2025-01-31 08898301 bus:AllOrdinaryShares 2024-01-31 08898301 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 08898301 bus:FRS102 2024-02-01 2025-01-31 08898301 bus:Audited 2024-02-01 2025-01-31 08898301 bus:FullAccounts 2024-02-01 2025-01-31 xbrli:pure xbrli:shares iso4217:GBP