Company Registration Number
04989040
Natural Body Care Studio Limited
Filleted Accounts
31 December 2022
Natural Body Care Studio Limited
Registered number: 04989040
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 9,343 9,458
Current assets
Stocks 400 400
Debtors 4 83,663 51,663
Cash at bank and in hand 283 38,020
84,346 90,083
Creditors: amounts falling due within one year 5 (33,975) (23,974)
Net current assets 50,371 66,109
Total assets less current liabilities 59,714 75,567
Creditors: amounts falling due after more than one year 6 (46,374) (49,113)
Net assets 13,340 26,454
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,339 26,453
Shareholders' funds 13,340 26,454
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ibrahim Elalfi
Director
Approved by the board on 30 September 2023
Natural Body Care Studio Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Improvements Nil
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2022 8,690 7,872 16,562
At 31 December 2022 8,690 7,872 16,562
Depreciation
At 1 January 2022 - 7,104 7,104
Charge for the year - 115 115
At 31 December 2022 - 7,219 7,219
Net book value
At 31 December 2022 8,690 653 9,343
At 31 December 2021 8,690 768 9,458
4 Debtors 2022 2021
£ £
Homecare 1,663 1,663
Other debtors 82,000 50,000
83,663 51,663
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 4,114 -
Taxation and social security costs 1,408 7,542
Other creditors 28,453 16,432
33,975 23,974
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 46,374 49,113
7 Other information
Natural Body Care Studio Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
London
SW12 9AL
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