Spirit Hair Team Limited - Filleted accounts

Registered number

05507251

Spirit Hair Team Limited

Filleted Accounts

31 August 2025

Spirit Hair Team Limited
Registered number:		05507251
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		14,081			18,247

Current assets
Stocks		7,782			8,900
Debtors	4	6,711			9,130
Cash at bank and in hand		84,885			77,743
		99,378			95,773

Creditors: amounts falling due within one year	5	(51,996)			(48,759)

Net current assets			47,382			47,014

Total assets less current liabilities			61,463			65,261

Creditors: amounts falling due after more than one year	6		(21,389)			(27,460)

Provisions for liabilities			(2,383)			(3,077)


Net assets			37,691			34,724

Capital and reserves
Called up share capital			2			2
Profit and loss account			37,689			34,722

Shareholders' funds			37,691			34,724

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs J O'Callaghan
Director
Approved by the board on 27 March 2026

Spirit Hair Team Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	25% Reducing Balance
	Plant and machinery	25% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			10		10


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 September 2024	47,014		105,628		152,642
	Additions	-		609		609
	Disposals	-		(2,788)		(2,788)
	At 31 August 2025	47,014		103,449		150,463

	Depreciation
	At 1 September 2024	44,964		89,431		134,395
	Charge for the year	512		4,100		4,612
	On disposals	-		(2,625)		(2,625)
	At 31 August 2025	45,476		90,906		136,382

	Net book value
	At 31 August 2025	1,538		12,543		14,081
	At 31 August 2024	2,050		16,197		18,247






4	Debtors			2025		2024
£					£

	Trade debtors			6,083		7,793
	Other debtors			628		1,337
				6,711		9,130


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			5,000		5,000
	Trade creditors			3,632		6,143
	Corporation tax			2,390		5,694
	Other taxes and social security costs			18,146		12,037
	Other creditors			22,828		19,885
				51,996		48,759


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			21,389		27,460


7	Controlling party

	Mrs J O'Callaghan as sole director and shareholder has the main control over the Company and its assets.

8	Other information

	Spirit Hair Team Limited is a private company limited by shares and incorporated in England. Its registered office is:
	3 Commercial Street
	The Square
	Ystrad Mynach
	Mid Glam
	CF82 7DU