Salonserve Hair & Beauty Supplies Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Salonserve Hair & Beauty Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03003903 . The registered office is Lexicon House, Station Road, Irthlingborough, Northants, NN9 5QF.

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. Significant judgements and estimations

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax.

Turnover comprises revenue from the sale of goods and rental income. Revenue from the sale of goods is recognised when control of the goods has passed to the customer. Rental income is recognised on a straight-line basis over the term of the lease and is recognised in profit or loss in the period to which it relates.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website. It is amortised to the profit and loss account over its estimated economic life of 2 years.

2.6. 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	Straight line over 50 years
Plant & Machinery	25% on reducing balance

2.7. Leasing and Hire Purchase Contracts

Assets acquired under hire purchase contracts are included in tangible fixed assets are depreciated over their estimated useful lives. The obligations net of future charges are included in creditors.

Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective rate of interest method. So as to achieve a constant rate of interest on the remaining balance of the liabilities. Finance charges are deducted and charged to the profit and loss when they are incurred.

2.8. 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.

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Salonserve Hair & Beauty Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.9. Financial Instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.

2.10. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.11. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

...CONTINUED

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Salonserve Hair & Beauty Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.11. Taxation - continued

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.12. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2025: 15)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	11,381

As at 31 January 2026	11,381

Amortisation
As at 1 February 2025	1,565
Provided during the period	1,090

As at 31 January 2026	2,655

Net Book Value
As at 31 January 2026	8,726

As at 1 February 2025	9,816

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 February 2025	3,000,000	263,276	3,263,276
Additions	-	10,171	10,171

As at 31 January 2026	3,000,000	273,447	3,273,447

Depreciation
As at 1 February 2025	300,000	236,139	536,139
Provided during the period	60,000	8,597	68,597

As at 31 January 2026	360,000	244,736	604,736

Net Book Value
As at 31 January 2026	2,640,000	28,711	2,668,711

As at 1 February 2025	2,700,000	27,137	2,727,137

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Salonserve Hair & Beauty Supplies Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Stocks

	2026	2025
	£	£
Stock	681,070	497,337

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	46,808	74,792
Amounts owed by group undertakings	131,304	136,033
Other debtors	195,009	539,830

	373,121	750,655

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	222,359	159,563
Bank loans and overdrafts	102,895	145,608
Other creditors	285,873	116,170
Taxation and social security	138,922	85,283

	750,049	506,624

The company's banking facilities are secured by a debenture containing fixed and floating charges over the assets and undertaking of the company and a legal charge over its freehold property.

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	514,450	579,365

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	1,375	5,366
Later than one year and not later than five years	-	494

	1,375	5,860

11. Related Party Transactions

At the balance sheet date, amounts due from the director and Claire's Properties Ltd, a company controlled by the director, amounted to £597 (2025: £419) and £131,304 (2025: £136,033) respectively.

12. Ultimate Controlling Party

The controlling party is Ms C A Kettell, a director and shareholder of the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		8,726		9,816
Tangible Assets	5		2,668,711		2,727,137

			2,677,437		2,736,953
CURRENT ASSETS
Stocks	6	681,070		497,337
Debtors	7	373,121		750,655
Cash at bank and in hand		283,048		68,479

		1,337,239		1,316,471
Creditors: Amounts Falling Due Within One Year	8	(750,049 )		(506,624 )

NET CURRENT ASSETS (LIABILITIES)			587,190		809,847

TOTAL ASSETS LESS CURRENT LIABILITIES			3,264,627		3,546,800

Creditors: Amounts Falling Due After More Than One Year	9		(514,450 )		(579,365 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,722 )		(6,722 )

NET ASSETS			2,743,455		2,960,713

CAPITAL AND RESERVES
Called up share capital			2		2
Other reserves			1,090,974		1,090,974
Profit and Loss Account			1,652,479		1,869,737

SHAREHOLDERS' FUNDS			2,743,455		2,960,713