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The Hair Lounge (Lowton) Ltd
Financial Statements
For The Year Ended 31 May 2026
Hampson and Co Accountants & Tax Consultants
42 Langford Drive
Pennington
Leigh
Lancs
WN7 3LE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05820176
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,319 18,389
18,319 18,389
CURRENT ASSETS
Stocks 5 1,000 1,000
Cash at bank and in hand 13,006 13,122
14,006 14,122
Creditors: Amounts Falling Due Within One Year 6 (750 ) (700 )
NET CURRENT ASSETS (LIABILITIES) 13,256 13,422
TOTAL ASSETS LESS CURRENT LIABILITIES 31,575 31,811
Creditors: Amounts Falling Due After More Than One Year 7 - (1,836 )
NET ASSETS 31,575 29,975
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 31,574 29,974
SHAREHOLDERS' FUNDS 31,575 29,975
Page 1
Page 2
For the year ending 31 May 2026 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
Miss Martine Hill
Director
25th August 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Hair Lounge (Lowton) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05820176 . The registered office is 122 Newton Road, Lowton, Warrington, Cheshire, WA3 1DG.
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:
Freehold 0%
Fixtures & Fittings 18%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2025 18,000 6,966 24,966
As at 31 May 2026 18,000 6,966 24,966
Depreciation
As at 1 June 2025 - 6,577 6,577
Provided during the period - 70 70
As at 31 May 2026 - 6,647 6,647
Net Book Value
As at 31 May 2026 18,000 319 18,319
As at 1 June 2025 18,000 389 18,389
5. Stocks
2026 2025
£ £
Stock 1,000 1,000
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Sundry Creditors 750 700
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Loan - 1,836
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
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