Westend Hair Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC432367 (Scotland)

Financial Statements for the Year Ended 30 September 2025

for

Westend Hair Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Gary Matthew Carmichael

REGISTERED OFFICE:

The Sinclair Building

18-20 Eagle Street

Unit 1/1, First Floor

Glasgow

G4 9XA

REGISTERED NUMBER:

SC432367 (Scotland)

ACCOUNTANTS:

NKA Chartered Certified Accountants

The Sinclair Building

18-20 Eagle Street

Unit 1/1, 1st Floor

Glasgow

G4 9XA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

5,498

6,762

5,498

6,762

CURRENT ASSETS

Stocks

6

2,650

2,800

Debtors

7

48,859

34,274

Cash at bank

1,707

21,172

53,216

58,246

CREDITORS

Amounts falling due within one year

8

56,420

54,148

NET CURRENT (LIABILITIES)/ASSETS

(3,204

)

4,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,294

10,860

CREDITORS

Amounts falling due after more than one year

9

1,488

10,602

NET ASSETS

806

258

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

10

706

158

SHAREHOLDERS' FUNDS

806

258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

Gary Matthew Carmichael - Director

1.	STATUTORY INFORMATION

Westend Hair Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

17,500

AMORTISATION

At 1 October 2024

and 30 September 2025

17,500

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 October 2024

and 30 September 2025

7,630

15,506

23,136

DEPRECIATION

At 1 October 2024

5,133

11,241

16,374

Charge for year

624

640

1,264

At 30 September 2025

5,757

11,881

17,638

NET BOOK VALUE

At 30 September 2025

1,873

3,625

5,498

At 30 September 2024

2,497

4,265

6,762

6.

STOCKS

30.9.25

30.9.24

£

Stocks

2,650

2,800

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Other debtors

11,002

11,977

Directors' current accounts

37,857

22,297

48,859

34,274

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

BBL less than 1 year

9,140

Trade creditors

(1

)

10,770

Tax

20,680

17,134

VAT

24,952

12,497

Other creditors

42

-

Accrued expenses

1,607

4,607

56,420

54,148

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

BBL more than 1 year

1,488

10,602

10.

RESERVES

Retained

earnings

£

At 1 October 2024

158

Profit for the year

23,548

Dividends

(23,000

)

At 30 September 2025

706

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

Gary Matthew Carmichael

Balance outstanding at start of year

22,297

22,947

Amounts advanced

16,210

-

Amounts repaid

(650

)

(650

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

37,857

22,297