REGISTERED NUMBER: 08329106 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Phil Smith Hair Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Smith

Mrs L J Smith

REGISTERED OFFICE:

44 Silver Street

Salisbury

Wiltshire

SP1 2NE

REGISTERED NUMBER:

08329106 (England and Wales)

FIXED ASSETS

Tangible assets

4

496

-

CURRENT ASSETS

Stocks

10,000

3,500

Debtors

5

144,542

159,547

Cash at bank and in hand

-

1,261

154,542

164,308

CREDITORS

Amounts falling due within one year

6

184,066

203,542

NET CURRENT LIABILITIES

(29,524

)

(39,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,028

)

(39,234

)

CREDITORS

Amounts falling due after more than one year

7

25,980

53,521

NET LIABILITIES

(55,008

)

(92,755

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

(55,012

)

(92,759

)

(55,008

)

(92,755

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

R P Smith - Director

1.	STATUTORY INFORMATION

Phil Smith Hair Limited is a private company, limited by shares , registered in England and Wales. 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.

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

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2025 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

541

At 31 January 2026

541

DEPRECIATION

Charge for year

45

At 31 January 2026

45

NET BOOK VALUE

At 31 January 2026

496

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

10,192

-

Other debtors

134,350

159,547

144,542

159,547

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

27,011

28,715

Trade creditors

51,583

31,469

Taxation and social security

36,682

55,438

Other creditors

68,790

87,920

184,066

203,542

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

25,980

53,521

8.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £105,101 (2025; £130,811) due from S.R.P Holdings a company in which RP Smith is a director.

Included in other creditors is an amount of £62,400 (2025; £58,400) due to Smith Fam Ltd a company in which RP Smith is a director.