Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282021-09-01falseNo description of principal activity34truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06331592 2021-09-01 2023-02-28 06331592 2020-09-01 2021-08-31 06331592 2023-02-28 06331592 2021-08-31 06331592 c:Director2 2021-09-01 2023-02-28 06331592 d:Buildings d:LongLeaseholdAssets 2021-09-01 2023-02-28 06331592 d:Buildings d:LongLeaseholdAssets 2023-02-28 06331592 d:Buildings d:LongLeaseholdAssets 2021-08-31 06331592 d:PlantMachinery 2021-09-01 2023-02-28 06331592 d:PlantMachinery 2023-02-28 06331592 d:PlantMachinery 2021-08-31 06331592 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-09-01 2023-02-28 06331592 d:FurnitureFittings 2021-09-01 2023-02-28 06331592 d:OwnedOrFreeholdAssets 2021-09-01 2023-02-28 06331592 d:CurrentFinancialInstruments 2023-02-28 06331592 d:CurrentFinancialInstruments 2021-08-31 06331592 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06331592 d:CurrentFinancialInstruments d:WithinOneYear 2021-08-31 06331592 d:ShareCapital 2023-02-28 06331592 d:ShareCapital 2021-08-31 06331592 d:RetainedEarningsAccumulatedLosses 2023-02-28 06331592 d:RetainedEarningsAccumulatedLosses 2021-08-31 06331592 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 06331592 d:AcceleratedTaxDepreciationDeferredTax 2021-08-31 06331592 c:OrdinaryShareClass1 2021-09-01 2023-02-28 06331592 c:OrdinaryShareClass1 2023-02-28 06331592 c:OrdinaryShareClass1 2021-08-31 06331592 c:FRS102 2021-09-01 2023-02-28 06331592 c:AuditExempt-NoAccountantsReport 2021-09-01 2023-02-28 06331592 c:FullAccounts 2021-09-01 2023-02-28 06331592 c:PrivateLimitedCompanyLtd 2021-09-01 2023-02-28 06331592 2 2021-09-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06331592









BEAUTEC BEAUTY ACADEMY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
BEAUTEC BEAUTY ACADEMY LIMITED
REGISTERED NUMBER: 06331592

BALANCE SHEET
AS AT 28 FEBRUARY 2023

28 February
31 August
2023
2021
Note
£
£

Fixed assets
  

Tangible assets
 3 
-
40,523

  
-
40,523

Current assets
  

Debtors: amounts falling due within one year
 4 
209,107
214,353

Cash at bank and in hand
  
19,961
86,431

  
229,068
300,784

Creditors: amounts falling due within one year
 5 
(16,241)
(57,383)

Net current assets
  
 
 
212,827
 
 
243,401

Total assets less current liabilities
  
212,827
283,924

Provisions for liabilities
  

Deferred tax
 6 
-
(2,676)

  
 
 
-
 
 
(2,676)

Net assets
  
212,827
281,248


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
212,826
281,247

  
212,827
281,248


Page 1

 
BEAUTEC BEAUTY ACADEMY LIMITED
REGISTERED NUMBER: 06331592
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 September 2023.




Ms A Huntley
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

Beautec Beauty Academy Limited is a private company, limited by shares, domiciled in England and Wales,registration number 06331592. The registered office is 183 High Road, Loughton, IG10 4LF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Plant and machinery
-
20%
Reducing balance
Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Borrowing costs

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Page 3

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 September 2020 to continue to be charged over the period to the first market rent review rather than the term of the lease.

Page 4

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

  
2.12

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the Company pays fixed contributions into a separate entity. Once the
contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid
are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately
from the Company in independently administered funds.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

3.


Tangible fixed assets







Long-term leasehold property
Plant and machinery etc
Total

£
£
£





At 1 September 2021
27,887
39,811
67,698


Disposals
(27,887)
(39,811)
(67,698)



At 28 February 2023

-
-
-





At 1 September 2021
-
27,175
27,175


Charge for the period on owned assets
-
2,527
2,527


Disposals
-
(29,702)
(29,702)



At 28 February 2023

-
-
-



Net book value



At 28 February 2023
-
-
-



At 31 August 2021
27,887
12,636
40,523

Page 6

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

4.


Debtors

28 February
31 August
2023
2021
£
£


Trade debtors
-
32,041

Other debtors
171,123
146,541

Prepayments and accrued income
-
301

Tax recoverable
37,984
35,470

209,107
214,353



5.


Creditors: Amounts falling due within one year

28 February
31 August
2023
2021
£
£

Trade creditors
12,234
4,105

Corporation tax
2,507
12,602

Other taxation and social security
-
39,176

Accruals and deferred income
1,500
1,500

16,241
57,383



6.


Deferred taxation






2023


£






At beginning of year
(2,676)


Utilised in year
2,676



At end of year
-

Page 7

 
BEAUTEC BEAUTY ACADEMY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
 
6.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

28 February
31 August
2023
2021
£
£


Accelerated capital allowances
-
(2,676)

-
(2,676)


7.


Provisions












At 28 February 2023


8.


Share capital

28 February
31 August
2023
2021
£
£
Allotted, called up and fully paid



1 (2021 - 1) 1 Ordinary of £1 each share of £1.00
1
1



9.


Related party transactions

Dividends totalling £32,000 (2020 - £28,000) were paid in the year in respect of shares held by the company's directors.


10.


Controlling party

The ultimate controlling party is Ms A Cooper by virtue of shareholding.

 
Page 8