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Registered number: 10176826
Glory Glamour Hair And Beauty Shop Ltd
Financial Statements
For The Year Ended 31 May 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10176826
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,851 5,027
3,851 5,027
CURRENT ASSETS
Debtors 5 - 82
Cash at bank and in hand 13,634 13,581
13,634 13,663
Creditors: Amounts Falling Due Within One Year 6 (3,800 ) (7,989 )
NET CURRENT ASSETS (LIABILITIES) 9,834 5,674
TOTAL ASSETS LESS CURRENT LIABILITIES 13,685 10,701
Creditors: Amounts Falling Due After More Than One Year 7 - (1,474 )
NET ASSETS 13,685 9,227
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 13,683 9,225
SHAREHOLDERS' FUNDS 13,685 9,227
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Henrietta Kyeremaa
Director
23/07/2026
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
Glory Glamour Hair And Beauty Shop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10176826 . The registered office is 28 Electric Avenue, Brixton, London, SW9 8JP.
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.
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:
Plant & Machinery 25% reducing balance method
Fixtures & Fittings 15% reducing balance method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2026 2025
Office and administration 1 1
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2025 16,412 2,409 18,821
As at 31 May 2026 16,412 2,409 18,821
Depreciation
As at 1 June 2025 12,186 1,608 13,794
Provided during the period 1,056 120 1,176
As at 31 May 2026 13,242 1,728 14,970
Net Book Value
As at 31 May 2026 3,170 681 3,851
As at 1 June 2025 4,226 801 5,027
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 82
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts - 5,324
Directors' loan accounts 3,800 2,665
3,800 7,989
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans - 1,474
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
Page 4