Company Registration No. 9487971 (England and Wales)
Modern Classics Hairdressing Limited
Unaudited accounts
for the year ended 31 March 2026
Modern Classics Hairdressing Limited
Unaudited accounts
Contents
Modern Classics Hairdressing Limited
Company Information
for the year ended 31 March 2026
Company Number
9487971 (England and Wales)
Registered Office
1 ST. MARTINS STREET
CHICHESTER
WEST SUSSEX
PO19 1LS
ENGLAND
Modern Classics Hairdressing Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
2,253
10,918
Creditors: amounts falling due within one year
(3,969)
(10,685)
Net current (liabilities)/assets
(619)
1,382
Total assets less current liabilities
62
2,727
Creditors: amounts falling due after more than one year
-
(2,533)
Called up share capital
10
10
Profit and loss account
52
184
Shareholders' funds
62
194
For the year ending 31 March 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 director acknowledges his 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 21 August 2026 and were signed on its behalf by
Robert Hearn
Director
Company Registration No. 9487971
Modern Classics Hairdressing Limited
Notes to the Accounts
for the year ended 31 March 2026
Modern Classics Hairdressing Limited is a private company, limited by shares, registered in England and Wales, registration number 9487971. The registered office is 1 ST. MARTINS STREET, CHICHESTER, WEST SUSSEX, PO19 1LS, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of discounts, of services provided to customers.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first in, first out basis. Net realisable value is based on estimated selling price, less any further costs of realisation.
Goodwill is amortised on a straight line basis over its estimated useful economic life of 5 years.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per annum straight line
Fixtures & fittings
20% per annum straight line
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method
Modern Classics Hairdressing Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
4,616
5,189
9,805
At 31 March 2026
4,616
5,189
9,805
At 1 April 2025
4,616
3,844
8,460
Charge for the year
-
664
664
At 31 March 2026
4,616
4,508
9,124
At 31 March 2026
-
681
681
At 31 March 2025
-
1,345
1,345
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,457
3,500
Taxes and social security
4,925
5,800
Loans from directors
(3,527)
1,008
8
Creditors: amounts falling due after more than one year
2026
2025
Modern Classics Hairdressing Limited
Notes to the Accounts
for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 0 (2025: 0).