Elan Hair Design Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC253064 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Elan Hair Design Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L M Milton

Mr G D Milton

SECRETARY:

Ms L M Milton

REGISTERED OFFICE:

46 West High Street

Inverurie

Aberdeenshire

AB51 3QR

REGISTERED NUMBER:

SC253064 (Scotland)

ACCOUNTANTS:

The Grant Considine Partnership

Chartered Accountants

46 High Street

Banchory

Aberdeenshire

AB31 5SR

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

236,227

240,791

236,227

240,791

CURRENT ASSETS

Stocks

7

3,215

Debtors

8

2,122

2,142

Cash at bank and in hand

18,337

18,982

23,674

24,339

CREDITORS

Amounts falling due within one year

9

189,076

194,924

NET CURRENT LIABILITIES

(165,402

)

(170,585

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

70,825

70,206

CREDITORS

Amounts falling due after more than one
year

10

-

(6,694

)

PROVISIONS FOR LIABILITIES

(3,845

)

(4,655

)

NET ASSETS

66,980

58,857

CAPITAL AND RESERVES

Called up share capital

4

Retained earnings

66,976

58,853

66,980

58,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2026 and were signed on its behalf by:

Ms L M Milton - Director

1.	STATUTORY INFORMATION

Elan Hair Design Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery - 15% Reducing Balance

Plant and Machinery - 25% Reducing Balance

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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

50,000

AMORTISATION

At 1 October 2024

and 30 September 2025

50,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

and 30 September 2025

189,832

248,176

438,008

DEPRECIATION

At 1 October 2024

-

197,217

Charge for year

-

4,564

At 30 September 2025

-

201,781

NET BOOK VALUE

At 30 September 2025

189,832

46,395

236,227

At 30 September 2024

189,832

50,959

240,791

7.

STOCKS

30/9/25

30/9/24

£

Stocks

3,215

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Trade debtors

5

-

Other debtors

2,117

2,142

2,122

2,142

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Bank loans and overdrafts

6,677

10,000

Trade creditors

4,955

8,907

Taxation and social security

15,102

19,795

Other creditors

162,342

156,222

189,076

194,924

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/9/25

30/9/24

£

Bank loans

-

6,694