Flawless Feet & Health Limited 12544022 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is other human health activities. Digita Accounts Production Advanced 6.30.9574.0 true true 12544022 2022-05-01 2023-04-30 12544022 2023-04-30 12544022 core:CurrentFinancialInstruments 2023-04-30 12544022 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12544022 core:FurnitureFittings 2023-04-30 12544022 core:OfficeEquipment 2023-04-30 12544022 bus:SmallEntities 2022-05-01 2023-04-30 12544022 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 12544022 bus:FullAccounts 2022-05-01 2023-04-30 12544022 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 12544022 bus:RegisteredOffice 2022-05-01 2023-04-30 12544022 bus:Director1 2022-05-01 2023-04-30 12544022 bus:Director2 2022-05-01 2023-04-30 12544022 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 12544022 bus:Agent1 2022-05-01 2023-04-30 12544022 core:ComputerEquipment 2022-05-01 2023-04-30 12544022 core:FurnitureFittings 2022-05-01 2023-04-30 12544022 core:OfficeEquipment 2022-05-01 2023-04-30 12544022 countries:EnglandWales 2022-05-01 2023-04-30 12544022 2022-04-30 12544022 core:FurnitureFittings 2022-04-30 12544022 core:OfficeEquipment 2022-04-30 12544022 2021-05-01 2022-04-30 12544022 2022-04-30 12544022 core:CurrentFinancialInstruments 2022-04-30 12544022 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 12544022 core:FurnitureFittings 2022-04-30 12544022 core:OfficeEquipment 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 12544022

Flawless Feet & Health Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Flawless Feet & Health Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 8

 

Flawless Feet & Health Limited

Company Information

Directors

H Patel

Mrs R Patel

Registered office

16 Garlies Road
Forest Hill
London
SE23 2RT

Accountants

DSK Partners LLP
Chartered Accountants
163 Herne Hill
London
SE24 9LR

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Flawless Feet & Health Limited
for the Year Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flawless Feet & Health Limited for the year ended 30 April 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Flawless Feet & Health Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Flawless Feet & Health Limited and state those matters that we have agreed to state to the Board of Directors of Flawless Feet & Health Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flawless Feet & Health Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Flawless Feet & Health Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Flawless Feet & Health Limited. You consider that Flawless Feet & Health Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Flawless Feet & Health Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DSK Partners LLP
Chartered Accountants
163 Herne Hill
London
SE24 9LR

10 October 2023

 

Flawless Feet & Health Limited

(Registration number: 12544022)
Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,244

13,287

Current assets

 

Stocks

5

17,012

16,300

Debtors

6

3,141

18,573

Cash at bank and in hand

 

122,379

68,109

 

142,532

102,982

Creditors: Amounts falling due within one year

7

(37,301)

(22,709)

Net current assets

 

105,231

80,273

Net assets

 

115,475

93,560

Capital and reserves

 

Called up share capital

2

2

Retained earnings

115,473

93,558

Shareholders' funds

 

115,475

93,560

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 

H Patel
Director

Mrs R Patel
Director

 
     
 

Flawless Feet & Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Garlies Road
Forest Hill
London
SE23 2RT

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Flawless Feet & Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

2

Accounting policies (continued)

Tax

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

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Flawless Feet & Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Flawless Feet & Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2022

67

16,106

16,173

Additions

-

370

370

At 30 April 2023

67

16,476

16,543

Depreciation

At 1 May 2022

28

2,857

2,885

Charge for the year

9

3,405

3,414

At 30 April 2023

37

6,262

6,299

Carrying amount

At 30 April 2023

30

10,214

10,244

At 30 April 2022

38

13,249

13,287

5

Stocks

2023
£

2022
£

Other inventories

17,012

16,300

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

3,141

17,275

Amounts owed by related parties

-

1,298

   

3,141

18,573

 

Flawless Feet & Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

9,874

8,319

Amounts owed to group undertakings and undertakings in which the company has a participating interest

3,671

-

Taxation and social security

 

21,728

13,022

Accruals and deferred income

 

1,260

1,200

Other creditors

 

768

168

 

37,301

22,709