Acorah Software Products - Accounts Production 19.3.550 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 SC580312 Mrs Julia Eeles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC580312 2024-10-31 SC580312 2025-10-31 SC580312 2024-11-01 2025-10-31 SC580312 frs-core:CurrentFinancialInstruments 2025-10-31 SC580312 frs-core:Non-currentFinancialInstruments 2025-10-31 SC580312 frs-core:ComputerEquipment 2025-10-31 SC580312 frs-core:ComputerEquipment 2024-11-01 2025-10-31 SC580312 frs-core:ComputerEquipment 2024-10-31 SC580312 frs-core:PlantMachinery 2025-10-31 SC580312 frs-core:PlantMachinery 2024-11-01 2025-10-31 SC580312 frs-core:PlantMachinery 2024-10-31 SC580312 frs-core:ShareCapital 2025-10-31 SC580312 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 SC580312 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC580312 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 SC580312 frs-bus:SmallEntities 2024-11-01 2025-10-31 SC580312 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 SC580312 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 SC580312 frs-bus:Director1 2024-11-01 2025-10-31 SC580312 frs-countries:Scotland 2024-11-01 2025-10-31 SC580312 2023-10-31 SC580312 2024-10-31 SC580312 2023-11-01 2024-10-31 SC580312 frs-core:CurrentFinancialInstruments 2024-10-31 SC580312 frs-core:Non-currentFinancialInstruments 2024-10-31 SC580312 frs-core:ShareCapital 2024-10-31 SC580312 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: SC580312
The One Lounge Hair & Make-Up Ltd
Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC580312
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,124 1,847
6,124 1,847
CURRENT ASSETS
Debtors 5 33,814 59,150
Cash at bank and in hand 67,066 35,709
100,880 94,859
Creditors: Amounts Falling Due Within One Year 6 (7,802 ) (18,471 )
NET CURRENT ASSETS (LIABILITIES) 93,078 76,388
TOTAL ASSETS LESS CURRENT LIABILITIES 99,202 78,235
Creditors: Amounts Falling Due After More Than One Year 7 - (1,768 )
NET ASSETS 99,202 76,467
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 99,102 76,367
SHAREHOLDERS' FUNDS 99,202 76,467
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Julia Eeles
Director
23/07/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The One Lounge Hair & Make-Up Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC580312 . The registered office is 455 Clarkston Road, Glasgow, G44 3LW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% - reducing balance method
Computer Equipment 33.3% - straight line method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2024 5,400 - 5,400
Additions - 5,397 5,397
As at 31 October 2025 5,400 5,397 10,797
Depreciation
As at 1 November 2024 3,553 - 3,553
Provided during the period 370 750 1,120
As at 31 October 2025 3,923 750 4,673
Net Book Value
As at 31 October 2025 1,477 4,647 6,124
As at 1 November 2024 1,847 - 1,847
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 33,814 55,761
Other taxes and social security - 3,389
33,814 59,150
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 2,145 3,284
Corporation tax 4,810 7,132
Accruals and deferred income - 1,775
Director's loan account 847 6,280
7,802 18,471
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 1,768
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5