ACCOUNTS - Final Accounts preparation

Registered number: 11780943

ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

REGISTERED NUMBER: 11780943

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	4		-		230
Tangible assets	5		-		5,977
			-		6,207
Current assets
Stocks	6	-		436
Debtors: amounts falling due within one year	7	7,617		3,371
Cash at bank and in hand		-		8,015
		7,617		11,822
Creditors: amounts falling due within one year	8	(6,272)		(13,585)
Net current assets/(liabilities)			1,345		(1,763)
Total assets less current liabilities			1,345		4,444
Creditors: amounts falling due after more than one year	9		-		(4,178)

Net assets			1,345		266

Capital and reserves
Called up share capital	100	100
Profit and loss account	1,245	166
	1,345	266

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

REGISTERED NUMBER: 11780943

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

Anamaria Ardeleanu

Director

Date: 15 May 2026

The notes on pages 3 to 8 form part of these financial statements.

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

The company is a private company limited by shares, registered in England.The financial statements have
been prepared in accordance with the provisions applicable to companies subject to the small companies'
regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Salon Equipment & Refurbishment	-	20%	Reducing Balance
				Computer equipment	-	20%	Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Employees

The average monthly number of employees, including the director, during the year was as follows:

			2026	2025
			No.	No.

			2	2

4.	Intangible assets

		Company Formation
		£

	At 1 February 2025	230
	Disposals	(230)
	At 31 January 2026	-

	Net book value
	At 31 January 2026	-

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

5.	Tangible fixed assets

	Salon Equipment & Refurbishment	Computer Equipment	Total
	£	£	£
Cost
At 1 February 2025	7,337	429	7,766
Disposals	(7,337)	(429)	(7,766)
At 31 January 2026	-	-	-

At 1 February 2025	1,703	86	1,789
Disposals	(1,703)	(86)	(1,789)
At 31 January 2026	-	-	-
Net book value
At 31 January 2026	-	-	-

6.	Stocks
		2026	2025
		£	£

Materials and consumables	-	436
	-	436

Debtors

					2026	2025
					£	£


Trade debtors	-	884
Other debtors	7,617	-
Other debtors	-	1,968
Prepayment	-	519
	7,617	3,371

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ART HAIR AND BEAUTY ( HIGHGATE ) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank overdraft	-	368
Bank loan	-	5,721
Director loan account	990	-
Trade creditors	-	2,241
Corporation tax	3,062	3,034
PAYE Payable	90	31
Pension payable	150	150
Accruals	1,980	2,040
	6,272	13,585

9.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	-	4,178
	-	4,178

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