Company No: 08334608 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	52,500		60,000
Tangible assets	4	8,962		8,050
		61,462		68,050
Current assets
Stocks		3,874		3,485
Debtors	5	5,259		5,194
Cash at bank and in hand		68,248		80,685
		77,381		89,364
Creditors: amounts falling due within one year	6	( 15,321)		( 20,986)
Net current assets		62,060		68,378
Total assets less current liabilities		123,522		136,428
Net assets		123,522		136,428
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		123,422		136,328
Total shareholders' funds		123,522		136,428

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sharp Hair Limited (registered number: 08334608) were approved and authorised for issue by the Director on 27 July 2026. They were signed on its behalf by:

A J Griffiths Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sharp Hair Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 16 St Thomas Street, Lymington, Hampshire, SO41 9NB.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the supply of hairdressing services is complete.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Fixtures and fittings	15 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	4		5

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	150,000		150,000
At 31 January 2026	150,000		150,000
Accumulated amortisation
At 01 February 2025	90,000		90,000
Charge for the financial year	7,500		7,500
At 31 January 2026	97,500		97,500
Net book value
At 31 January 2026	52,500		52,500
At 31 January 2025	60,000		60,000

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 February 2025	4,234		11,070		1,947		17,251
Additions	0		361		1,199		1,560
At 31 January 2026	4,234		11,431		3,146		18,811
Accumulated depreciation
At 01 February 2025	0		7,254		1,947		9,201
Charge for the financial year	0		581		67		648
At 31 January 2026	0		7,835		2,014		9,849
Net book value
At 31 January 2026	4,234		3,596		1,132		8,962
At 31 January 2025	4,234		3,816		0		8,050

5. Debtors

	2026		2025
	£		£
Amounts owed by director	0		462
Prepayments	5,259		4,681
Other debtors	0		51
	5,259		5,194

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	971		0
Corporation tax	6,123		13,844
Other taxation and social security	5,657		6,370
Other creditors	2,570		772
	15,321		20,986

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Financial commitments

Commitments

Capital commitments are as follows:

	2026		2025
	£		£
Contracted for but not provided for:
Other	21,750		30,750