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Registered number: 05703536
Stranded Hair Group Limited
Unaudited Financial Statements
For the Period 1 March 2024 to 31 March 2025
Annette Ferguson Scotland Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05703536
31 March 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 13,271 24,731
13,271 24,731
CURRENT ASSETS
Stocks 6 504,690 388,124
Debtors 7 164,417 247,596
Cash at bank and in hand 144,031 162,912
813,138 798,632
Creditors: Amounts Falling Due Within One Year 8 (12,156 ) (72,434 )
NET CURRENT ASSETS (LIABILITIES) 800,982 726,198
TOTAL ASSETS LESS CURRENT LIABILITIES 814,253 750,929
NET ASSETS 814,253 750,929
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 814,251 750,927
SHAREHOLDERS' FUNDS 814,253 750,929
For the period ending 31 March 2025 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 director acknowledges his 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
Mr Gary Howe
Director
27/11/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stranded Hair Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05703536 . The registered office is Unit 4a Towngate Business Centre, Walkden, Manchester, M38 0PT.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. 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 .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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 Nil
Leasehold 20% as per Straight Line Method
Fixtures & Fittings 25% as per Reducing Balance Method
Computer Equipment 25% as per Straight Line Method
2.6. 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.
2.7. 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.
...CONTINUED
Page 2
Page 3
2.7. Taxation - continued
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.
Current and deferred tax are recognised in profit or loss for the period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 9)
5 9
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 March 2024 286,932 21,264 308,196
As at 31 March 2025 286,932 21,264 308,196
Amortisation
As at 1 March 2024 286,932 21,264 308,196
As at 31 March 2025 286,932 21,264 308,196
Net Book Value
As at 31 March 2025 - - -
As at 1 March 2024 - - -
5. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2024 22,176 29,260 160,092 4,526 216,054
As at 31 March 2025 22,176 29,260 160,092 4,526 216,054
Depreciation
As at 1 March 2024 22,176 22,374 142,978 3,795 191,323
Provided during the period - 6,582 4,278 600 11,460
As at 31 March 2025 22,176 28,956 147,256 4,395 202,783
Net Book Value
As at 31 March 2025 - 304 12,836 131 13,271
As at 1 March 2024 - 6,886 17,114 731 24,731
6. Stocks
31 March 2025 29 February 2024
£ £
Stock 504,690 388,124
Page 3
Page 4
7. Debtors
31 March 2025 29 February 2024
£ £
Due within one year
Trade debtors 111,384 113,051
Amounts owed by group undertakings (121) (121)
Other debtors 53,154 134,666
164,417 247,596
8. Creditors: Amounts Falling Due Within One Year
31 March 2025 29 February 2024
£ £
Trade creditors (13,088 ) 11,628
Bank loans and overdrafts 14,167 25,243
Other creditors 44 12,526
Taxation and social security 11,033 23,037
12,156 72,434
9. Share Capital
31 March 2025 29 February 2024
£ £
Allotted, Called up and fully paid 2 2
Page 4