REGISTERED NUMBER: 12149415 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Luscious Locks Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V J Skinner

SECRETARY:

V J Skinner

REGISTERED OFFICE:

33 Queen Adelaide Road

Anerley

London

SE20 7DX

REGISTERED NUMBER:

12149415 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Tangible assets

4

325

-

CURRENT ASSETS

Stocks

725

553

Debtors

6,375

5,256

Cash at bank and in hand

3,882

3,639

10,982

9,448

CREDITORS

Amounts falling due within one year

(8,172

)

(9,152

)

NET CURRENT ASSETS

2,810

296

TOTAL ASSETS LESS CURRENT LIABILITIES

3,135

296

CREDITORS

Amounts falling due after more than one year

5

(10,208

)

(12,012

)

NET LIABILITIES

(7,073

)

(11,716

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(7,074

)

(11,717

)

SHAREHOLDERS' FUNDS

(7,073

)

(11,716

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

V J Skinner - Director

1.	STATUTORY INFORMATION

Luscious Locks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Bounce back loan scheme

The British Business Bank together with lenders provided a range of financial options including the Bounce Back Loan Scheme (BBLS). These loans are backed by a government guarantee and the government will make a Business Interruption payment to cover the first twelve months of interest payments.

A loan has been secured from the company's bankers at a rate of 2.5% per annum. The repayment terms are ten years with initial terms of no repayments for the first twelve months. A further six-month repayment holiday period has been exercised, resulting in no repayments for the first eighteen months.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

488

At 31 August 2025

488

DEPRECIATION

Charge for year

163

At 31 August 2025

163

NET BOOK VALUE

At 31 August 2025

325

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/8/25

31/8/24

£

£

Repayable by instalments

Bank loans

-

407

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V J Skinner.

7.	GOING CONCERN

The company's balance sheet shows net liabilities of £7,073 (2024: £11,716). The director has confirmed her continued support to the company. Taking into account a period exceeding twelve months from the date of approval of these financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of the financial statements.