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Company Registration No. 10374316 (England and Wales)
The Priory Salon Ltd Unaudited accounts for the year ended 31 December 2025
The Priory Salon Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Priory Salon Ltd Company Information for the year ended 31 December 2025
Director
Amy Whitteron
Company Number
10374316 (England and Wales)
Registered Office
THE PRIORY SALON 71 CHURCH STREET MALVERN WR14 2AE UNITED KINGDOM
Accountants
Adder Bookkeeping Ltd 86-90 Paul Street London Worcestershire EC2A 4NE
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The Priory Salon Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
187,630
183,625
Current assets
Inventories
5
16,331
20,504
Debtors
6
473
3,740
Cash at bank and in hand
18,836
31,066
35,640
55,310
Creditors: amounts falling due within one year
7
(54,780)
(58,950)
Net current liabilities
(19,140)
(3,640)
Total assets less current liabilities
168,490
179,985
Creditors: amounts falling due after more than one year
8
(88,292)
(108,804)
Provisions for liabilities
Deferred tax
9
(1,908)
-
Net assets
78,290
71,181
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
78,190
71,081
Shareholders' funds
78,290
71,181
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 July 2026 and were signed on its behalf by
Amy Whitteron Director Company Registration No. 10374316
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The Priory Salon Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
The Priory Salon Ltd is a private company, limited by shares, registered in England and Wales, registration number 10374316. The registered office is THE PRIORY SALON, 71 CHURCH STREET, MALVERN, WR14 2AE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Going concern
The director believes that the company is experiencing good levels of sales growth and profitability and is well placed to manage it's business risks successfully. The director continues to adopt the going concern basis of accounting in preparing the financial statements
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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The Priory Salon Ltd Notes to the Accounts for the year ended 31 December 2025
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
180,000
22,231
2,737
204,968
Additions
-
6,668
-
6,668
At 31 December 2025
180,000
28,899
2,737
211,636
Depreciation
At 1 January 2025
-
18,971
2,372
21,343
Charge for the year
-
2,541
122
2,663
At 31 December 2025
-
21,512
2,494
24,006
Net book value
At 31 December 2025
180,000
7,387
243
187,630
At 31 December 2024
180,000
3,260
365
183,625
2025
2024
£
£
Carrying amount of land and buildings on cost basis
209,710
209,710
A formal revaluation of the business premises was carried out in April 2023 by Adam Goodwin MRICS, a Chartered Commercial Property Surveyor and RICS Register Valuer. He confirms he has the relevant experience and knowledge of valuing this type of property in this location. The revaluation value was £180,000. The original cost of the building was £150,950. Capital improvements added to this building totalled £49,891 at year-end 2022, and a further £8,869 was spent in the year-ending 2023. The revaluation was carried out after these improvements.
5
Inventories
2025
2024
£
£
Raw materials
16,331
20,504
16,331
20,504
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete items.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
473
3,740
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The Priory Salon Ltd Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,744
-
VAT
8,982
8,061
Trade creditors
4,422
1,775
Taxes and social security
10,618
20,516
Loans from directors
25,190
28,260
Accruals
824
338
54,780
58,950
The outstanding director's loan at year-end is interest free and repayable on demand.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
88,292
108,804
2025 £69,436 is a secured loan against the freehold property. £18,856 is an unsecured bank loan. 2024 £75,096 is a secured loan against the freehold property. £22,778 is an unsecured bank loan. £10,930 is a Government backed Bounce Back Loan scheme.
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
1,908
-
2025
2024
£
£
Charged to the profit and loss account
1,908
-
Provision at end of year
1,908
-
10
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares Amy Whitteron of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 4 (2024: 3).
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