Studio C Hair Salon Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12298491

Studio C Hair Salon Limited

Filleted Unaudited Financial Statements

31 March 2026

Studio C Hair Salon Limited

Statement of Financial Position

31 March 2026

	31 Mar 26	31 Dec 24
Note	£	£

Fixed assets

Tangible assets	5	–	12,894

Current assets

Stocks		–	5,233
Debtors	6	9,404	508
Cash at bank and in hand		6,797	17,826
		--------	--------
		16,201	23,567

Creditors: amounts falling due within one year	7	16,200	19,881
		--------	--------
Net current assets		1	3,686
		----	--------
Total assets less current liabilities		1	16,580

Creditors: amounts falling due after more than one year	8	–	1,260

Provisions	9	–	2,443
		----	--------
Net assets		1	12,877
		----	--------

Capital and reserves

Called up share capital	11	1	1
Profit and loss account		–	12,876
		----	--------
Shareholder funds		1	12,877
		----	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 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 member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Studio C Hair Salon Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 5 August 2026 , and are signed on behalf of the board by:

Mrs C Browne
Director

Company registration number: 12298491

Studio C Hair Salon Limited

Notes to the Financial Statements

Period from 1 January 2025 to 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1554 Stratford Road, Hall Green, Birmingham, B28 9HA, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The length of preparing period has changed from 12 months to 15 months and therefore comparatives are not entirely comparable.

Going concern

During the year the company ceased trading on 31 March 2026 therefore the accounts have been prepared on a cessation basis.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Computer equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

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 entity after deducting all of its financial liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2024: 5 ).

5. Tangible assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 1 January 2025	36,968	1,023	37,991
Disposals	( 36,968)	( 1,023)	( 37,991)
	--------	-------	--------
At 31 March 2026	–	–	–
	--------	-------	--------
Depreciation
At 1 January 2025	24,311	786	25,097
Charge for the period	3,164	240	3,404
Disposals	( 27,475)	( 1,026)	( 28,501)
	--------	-------	--------
At 31 March 2026	–	–	–
	--------	-------	--------
Carrying amount
At 31 March 2026	–	–	–
	--------	-------	--------
At 31 December 2024	12,657	237	12,894
	--------	-------	--------

6. Debtors

	31 Mar 26	31 Dec 24
	£	£
Prepayments and accrued income	556	508
Director's loan account	8,848	–
	-------	----
	9,404	508
	-------	----

7. Creditors: amounts falling due within one year

	31 Mar 26	31 Dec 24
	£	£
Bank loans and overdrafts	–	3,195
Accruals and deferred income	1,488	1,417
Corporation tax	8,252	6,342
Social security and other taxes	6,337	8,847
Other creditors	123	80
	--------	--------
	16,200	19,881
	--------	--------

8. Creditors: amounts falling due after more than one year

	31 Mar 26	31 Dec 24
	£	£
Bank loans and overdrafts	–	1,260
	----	-------

9. Provisions

	Deferred tax (note 10)
	£
At 1 January 2025	2,443
Additions	( 2,443)
	-------
At 31 March 2026	–
	-------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	31 Mar 26	31 Dec 24
	£	£
Included in provisions (note 9)	–	2,443
	----	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	31 Mar 26	31 Dec 24
	£	£
Accelerated capital allowances	–	2,443
	----	-------

11. Called up share capital

Issued, called up and fully paid

	31 Mar 26		31 Dec 24
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

12. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	31 Mar 26	31 Dec 24
	£	£
Not later than 1 year	2,875	11,000
Later than 1 year and not later than 5 years	–	5,750
	-------	--------
	2,875	16,750
	-------	--------

13. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	31 Mar 26
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs C Browne	–	8,848	8,848
	----	-------	-------

	31 Dec 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs C Browne	–	–	–
	----	----	----