The Academy of Hairdressing Excellence Limited

The Academy of Hairdressing Excellence Limited
Contents Page
For the year ended 31 August 2025

Accountants' Report	1
Statement of Financial Position	2
Notes to the Financial Statements	3

The Academy of Hairdressing Excellence Limited Accountants' Report For the year ended 31 August 2025
Report to the directors on the preparation of the unaudited statutory accounts of The Academy of Hairdressing Excellence Limited for the year ended 31 August 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Academy of Hairdressing Excellence Limited for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us. As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations. This report is made solely to the Board of Directors of The Academy of Hairdressing Excellence Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Academy of Hairdressing Excellence Limited and state those matters that we have agreed to state to the Board of Directors of The Academy of Hairdressing Excellence Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Academy of Hairdressing Excellence Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that The Academy of Hairdressing Excellence Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Academy of Hairdressing Excellence Limited.You consider that The Academy of Hairdressing Excellence Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit of the accounts of The Academy of Hairdressing Excellence Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 August 2025. Glen Drummond FA LLP 12 Carron Place Kelvin Industrial Estate East Kilbride G75 0YL 26 May 2026 1

The Academy of Hairdressing Excellence Limited
Accountants' Report
For the year ended 31 August 2025

Report to the directors on the preparation of the unaudited statutory accounts of The Academy of Hairdressing Excellence Limited for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Academy of Hairdressing Excellence Limited for the year ended 31 August 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of The Academy of Hairdressing Excellence Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Academy of Hairdressing Excellence Limited and state those matters that we have agreed to state to the Board of Directors of The Academy of Hairdressing Excellence Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Academy of Hairdressing Excellence Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Academy of Hairdressing Excellence Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Academy of Hairdressing Excellence Limited.You consider that The Academy of Hairdressing Excellence Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of The Academy of Hairdressing Excellence Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 August 2025.

Glen Drummond FA LLP
12 Carron Place
Kelvin Industrial Estate
East Kilbride
G75 0YL
26 May 2026

1

The Academy of Hairdressing Excellence Limited
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	800	800
Tangible fixed assets	4	18,854	5,507
		19,654	6,307
Current assets
Stocks		2,445	2,380
Debtors		75,799	75,596
Cash at bank and in hand		(4,359)	(7,992)
		73,885	69,984
Creditors: amount falling due within one year		(77,133)	(76,189)
Net current assets		(3,248)	(6,205)

Total assets less current liabilities		16,406	102
Net assets		16,406	102

Capital and reserves
Called up share capital		100	100
Profit and loss account		16,306	2
Shareholders' funds		16,406	102

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director on 29 May 2026 and were signed by:

-------------------------------
Mr Thomas McGovern
Director

2

The Academy of Hairdressing Excellence Limited
Notes to the Abridged Financial Statements
For the year ended 31 August 2025

General Information

The Academy of Hairdressing Excellence Limited is a private company, limited by shares, registered in Scotland, registration number SC199553, registration address 12 Carron Place, Kelvin Industrial Estate, East Kilbride, G75 0YL. The trading address of the company is 31 Oswald Street, Glasgow, G1 4PE.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

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

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.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 0 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	25% Reducing Balance

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 Average number of employees during the year was 10 (2024 : 11).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 September 2024	800	800
Additions	-	-
Disposals	-	-
At 31 August 2025	800	800
Net book values
At 31 August 2025	800	800
At 31 August 2024	800	800

4.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 September 2024	9,131	5,705	14,836
Additions	15,290	2,130	17,420
Disposals	-	-	-
At 31 August 2025	24,421	7,835	32,256
Depreciation
At 01 September 2024	5,574	3,755	9,329
Charge for year	3,445	628	4,073
On disposals	-	-	-
At 31 August 2025	9,019	4,383	13,402
Net book values
Closing balance as at 31 August 2025	15,402	3,452	18,854
Opening balance as at 01 September 2024	3,557	1,950	5,507

3

Registered Number: SC199553
Scotland
THE ACADEMY OF HAIRDRESSING EXCELLENCE LIMITED

Abridged Accounts

Period of accounts Start date: 01 September 2024 End date: 31 August 2025