1 false false false false false false false false false true false false false false false false No description of principal activity 2021-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,731 1,184 346 1,530 201 547 5,750 4,970 779 5,749 1 780 xbrli:pure xbrli:shares iso4217:GBP 06758053 2021-07-01 2022-06-30 06758053 2022-06-30 06758053 2021-06-30 06758053 2020-07-01 2021-06-30 06758053 2021-06-30 06758053 bus:Director1 2021-07-01 2022-06-30 06758053 core:WithinOneYear 2022-06-30 06758053 core:WithinOneYear 2021-06-30 06758053 core:AfterOneYear 2022-06-30 06758053 core:AfterOneYear 2021-06-30 06758053 core:ShareCapital 2022-06-30 06758053 core:ShareCapital 2021-06-30 06758053 core:RetainedEarningsAccumulatedLosses 2022-06-30 06758053 core:RetainedEarningsAccumulatedLosses 2021-06-30 06758053 bus:SmallEntities 2021-07-01 2022-06-30 06758053 bus:AuditExemptWithAccountantsReport 2021-07-01 2022-06-30 06758053 bus:FullAccounts 2021-07-01 2022-06-30 06758053 bus:SmallCompaniesRegimeForAccounts 2021-07-01 2022-06-30 06758053 bus:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 06758053 core:ComputerSoftware 2021-07-01 2022-06-30 06758053 core:OfficeEquipment 2021-07-01 2022-06-30 06758053 core:ComputerSoftware 2022-06-30 06758053 core:ComputerSoftware 2021-06-30 06758053 core:OfficeEquipment 2022-06-30 06758053 core:OfficeEquipment 2021-06-30 06758053 core:CloseFamilyMember1 2021-07-01 2022-06-30
COMPANY REGISTRATION NUMBER: 06758053
Kat's Beauty Box Limited
Filleted Unaudited Financial Statements
30 June 2022
Kat's Beauty Box Limited
Statement of Financial Position
30 June 2022
2022
2021
Note
£
£
Fixed assets
Intangible assets
5
201
547
Tangible assets
6
1
780
----
-------
202
1,327
Current assets
Stocks
10,433
3,170
Debtors
7
383
35
Cash at bank and in hand
342
1,574
--------
-------
11,158
4,779
Creditors: amounts falling due within one year
8
80,142
89,342
--------
--------
Net current liabilities
68,984
84,563
--------
--------
Total assets less current liabilities
( 68,782)
( 83,236)
Creditors: amounts falling due after more than one year
9
4,537
8,000
--------
--------
Net liabilities
( 73,319)
( 91,236)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 73,320)
( 91,237)
--------
--------
Shareholders deficit
( 73,319)
( 91,236)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kat's Beauty Box Limited
Statement of Financial Position (continued)
30 June 2022
These financial statements were approved by the board of directors and authorised for issue on 2 September 2022 , and are signed on behalf of the board by:
Ms K A Granados
Director
Company registration number: 06758053
Kat's Beauty Box Limited
Notes to the Financial Statements
Year ended 30 June 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Elizabeth House, 54 - 58 High Street, Edgware, Middlesex, HA8 7TT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website costs
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Intangible assets
Website
£
Cost
At 1 July 2021 and 30 June 2022
1,731
-------
Amortisation
At 1 July 2021
1,184
Charge for the year
346
-------
At 30 June 2022
1,530
-------
Carrying amount
At 30 June 2022
201
-------
At 30 June 2021
547
-------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 July 2021 and 30 June 2022
5,750
5,750
-------
-------
Depreciation
At 1 July 2021
4,970
4,970
Charge for the year
779
779
-------
-------
At 30 June 2022
5,749
5,749
-------
-------
Carrying amount
At 30 June 2022
1
1
-------
-------
At 30 June 2021
780
780
-------
-------
7. Debtors
2022
2021
£
£
Other debtors
383
35
----
----
8. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
1,752
Trade creditors
7,824
8,675
Other creditors
70,566
80,667
--------
--------
80,142
89,342
--------
--------
9. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
4,537
8,000
-------
-------
10. Director's advances, credits and guarantees
The amount due by the company to the director at 30 June 2022 was £52,546 (2021 - £53,617).
11. Related party transactions
The company was under the control of Ms K A Granados throughout the current and previous year. Ms Granados is the managing director and majority shareholder.