RUSSO HAIRDRESSING LIMITED


Directors	RUSSO, Michele Terence
	RUSSO, Michelle


Registered Address	Excel House
	3 Duke Street
	Bedford
	MK40 3HR


Registered Number	07356924 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		366,147		366,851
			366,147		366,851
Current assets
Stocks	5	300		350
Debtors		260		-
Cash at bank and on hand		15,569		-
		16,129		350
Creditors amounts falling due within one year	6	(30,116)		(37,940)
Net current assets (liabilities)			(13,987)		(37,590)
Total assets less current liabilities			352,160		329,261
Creditors amounts falling due after one year	7		(49,889)		(64,710)
Provisions for liabilities			(1,270)		(1,270)
Accruals and deferred income			(1,000)		(1,000)
Net assets			300,001		262,281
Capital and reserves
Called up share capital			200		200
Profit and loss account			299,801		262,081
Shareholders' funds			300,001		262,281

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2026, and are signed on its behalf by:

RUSSO, Michele Terence
Director

RUSSO, Michelle
Director

Registered Company No. 07356924

RUSSO HAIRDRESSING LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	20
	Office Equipment	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		6

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	25,000	25,000
At 31 December 25	25,000	25,000
Amortisation and impairment
At 01 January 25	25,000	25,000
At 31 December 25	25,000	25,000
Net book value
At 31 December 25	-	-
At 31 December 24	-	-

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 25	363,331	8,906	16,636	388,873
At 31 December 25	363,331	8,906	16,636	388,873
Depreciation and impairment
At 01 January 25	-	8,494	13,528	22,022
Charge for year	-	83	621	704
At 31 December 25	-	8,577	14,149	22,726
Net book value
At 31 December 25	363,331	329	2,487	366,147
At 31 December 24	363,331	412	3,108	366,851

5.	Stocks

	2025	2024
	£	£
Other stocks	300	350
Total	300	350

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	699	188
Bank borrowings and overdrafts	9,507	13,354
Taxation and social security	19,910	24,398
Total	30,116	37,940


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	24,889	34,210
Other creditors	25,000	30,500
Total	49,889	64,710