Lorenzo Tommaso Di Felice Melissa Assunta Di Felice Antonio Malvasi

11224465 (England and Wales)

1 Epsom Road Guildford Surrey GU1 3JT England

360 Accounts & Bookkeeping Ltd 1 Epsom Road Guildford GU1 3 JT

Debtors

763 

- 

Cash at bank and in hand

7,342 

17,697 

(15,708)

(17,509)

(10,834)

- 

Other provisions

- 

(483)

Called up share capital

120 

120 

Profit and loss account

(18,557)

(415)

For the year ending 28 February 2026 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 financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by

Melissa Assunta Di Felice Director Company Registration No. 11224465

Hair Master Design Limited is a private company, limited by shares, registered in England and Wales, registration number 11224465. The registered office is 1 Epsom Road, Guildford, Surrey, GU1 3JT, England.

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.

Current tax: The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date. Deferred tax: Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Accrued income and prepayments

Bank loans and overdrafts

3,333 

17,567 

VAT

11,214 

9,955 

Trade creditors

2,501 

- 

Taxes and social security

5,175 

7,889 

Other creditors

519 

(17,902)

Loans from directors

(8,234)

- 

Accruals

1,200 

- 

Bank loans

During the year the average number of employees was 8 (2025: 6).