Alta Ego Hair Ltd

Alta Ego Hair Ltd
Statement of Financial Position
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	4	456	513
Tangible fixed assets	5	71	106
		527	619
Current assets
Stocks		45,000	58,000
Cash at bank and in hand		822	963
		45,822	58,963
Creditors: amount falling due within one year		(5,788)	(5,788)
Net current assets		40,034	53,175

Total assets less current liabilities		40,561	53,794
Creditors: amount falling due after more than one year		(61,000)	(67,000)
Net assets		(20,439)	(13,206)

Capital and reserves
Called up share capital		2	2
Profit and loss account		(20,441)	(13,208)
Shareholders' funds		(20,439)	(13,206)

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 26 April 2026 and were signed on its behalf by:

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Tawny Olaniyan
Director

Alta Ego Hair Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2025

General Information

Alta Ego Hair Ltd is a private company, limited by shares, registered in England and Wales, registration number 12642167, registration address 372 Poulton Road, Wallasey, England, CH44 4DD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees (including Directors) Average number of employees during the year was 2 (2024 : 2).

Financial Commitments, Guarantees and Contingencies

During a prior period, the Company received a loan of £50,000 from G.E.T.Z Services Limited, a company connected to a director of the Company by way of a personal relationship. The loan was unsecured, interest free and had no fixed repayment terms.

G.E.T.Z Services Limited entered Creditors' Voluntary Liquidation on 31 October 2022. The joint liquidators' progress report dated 20 December 2023 confirmed that no assets were available for distribution to creditors and no claims were received during the liquidation period. G.E.T.Z Services Limited was subsequently dissolved in November 2024.

At the balance sheet date of 30 June 2025, the £50,000 balance remains outstanding and has been retained as a creditor within the financial statements.

No repayments have been made during the period.

Intangible fixed assets

Cost	Trade Mark	Total
	£	£
At 01 July 2024	570	570
Additions	-	-
Disposals	-	-
At 30 June 2025	570	570
Amortisation
At 01 July 2024	57	57
Charge for year	57	57
On disposals	-	-
At 30 June 2025	114	114
Net book values
At 30 June 2025	456	456
At 30 June 2024	513	513

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 July 2024	336	499	835
Additions	-	-	-
Disposals	-	-	-
At 30 June 2025	336	499	835
Depreciation
At 01 July 2024	230	499	729
Charge for year	35	-	35
On disposals	-	-	-
At 30 June 2025	265	499	764
Net book values
Closing balance as at 30 June 2025	71	-	71
Opening balance as at 01 July 2024	106	-	106

Registered Number: 12642167
England and Wales
ALTA EGO HAIR LTD

Abridged Accounts

Period of accounts Start date: 01 July 2024 End date: 30 June 2025