Company registration number: 05963589
Annual report and unaudited financial statements
for the year ended 31 October 2025
for
Shear Class Salon Limited
Pages for filing with the Registrar
Company registration number: 05963589
Shear Class Salon Limited
Balance sheet
as at 31 October 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 11,622 11,925
11,622 11,925
Current assets
Stocks 750 750
Debtors 5 4,076 10,043
Cash at bank and in hand 7,548 9,156
12,374 19,949
Creditors: amounts falling due within one
year 		6 (13,633) (17,153)
Net current (liabilities)/assets (1,259) 2,796
Total assets less current liabilities 10,363 14,721
Creditors: Amounts falling due after more
than one year 		7 (6,680) (13,974)
Provisions for liabilities (2,080) (2,266)
NET ASSETS/(LIABILITIES) 1,603 (1,519)
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,503 (1,619)
TOTAL EQUITY 1,603 (1,519)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05963589
Shear Class Salon Limited
Balance sheet - continued
as at 31 October 2025
The 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 May 2026 and signed on its behalf by:
Mr T Broughton, Director
20 May 2026
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Shear Class Salon Limited
Notes to the financial statements
for the year ended 31 October 2025
1 Company information
Shear Class Salon Limited is a private company registered in England and Wales. Its registered number is 05963589. The company is limited by shares. Its registered office is Lodge 1 Woodbridge Park, Brinkworth, Chippenham, SN15 5DG.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 15% 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.
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Shear Class Salon Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Government grants
Government grants received are credited to deferred income. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 4 (2024 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2024 37,634
Additions 1,854
At 31 October 2025 39,488
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Shear Class Salon Limited
Notes to the financial statements - continued
for the year ended 31 October 2025
4 Tangible fixed assets - continued
Depreciation
At 1 November 2024 25,709
Charge for year 2,157
At 31 October 2025 27,866
Net book value
At 31 October 2025 11,622
At 31 October 2024 11,925
5 Debtors
2025 2024
£ £
Trade debtors 19 43
Taxation 1,057 -
Other debtors 3,000 10,000
4,076 10,043
6 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 9,161 9,161
Trade creditors 348 359
Other creditors 2,192 3,419
Taxation 1,932 1,465
Social security and other tax - 2,749
13,633 17,153
7 Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans 6,680 13,974
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