Registered number
08137816
R & S Beauty Limited
Filleted Accounts
31 January 2023
R & S Beauty Limited
Registered number: 08137816
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 7,000 7,000
Tangible assets 4 27,304 24,467
34,304 31,467
Current assets
Stocks 15,123 5,790
Debtors 5 38,979 13,167
Cash at bank and in hand 49,792 88,515
103,894 107,472
Creditors: amounts falling due within one year 6 (55,007) (47,124)
Net current assets 48,887 60,348
Total assets less current liabilities 83,191 91,815
Creditors: amounts falling due after more than one year 7 (24,728) (35,738)
Net assets 58,463 56,077
Capital and reserves
Called up share capital 1 1
Profit and loss account 58,462 56,076
Shareholder's funds 58,463 56,077
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Ria Shah
Director
Approved by the board on 11 April 2023
R & S Beauty Limited
Notes to the Accounts
for the year ended 31 January 2023
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.
Government grants
Grants received during the year from the government are recognised as other income. This income is recognised when the application is made to the local authority after receiving confirmation of entitlement from them. There would either be a debtor, a deferred income or no balance due recognised depending upon when the cash was received from the local authority. There are two types of grants received in the year include the Small Business Grant Fund (SBGF). SBGF is recognised on an accrual basis. Cash payments are received from local council to which the company usually pays business rates.
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 evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% 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.
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.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2022 7,000
At 31 January 2023 7,000
Amortisation
At 31 January 2023 -
Net book value
At 31 January 2023 7,000
At 31 January 2022 7,000
4 Tangible fixed assets
Land and buildings Fixtures, fittings, tools and equipment Total
£ £ £
Cost
At 1 February 2022 3,402 30,199 33,601
Additions - 26,758 26,758
Disposals - (22,432) (22,432)
At 31 January 2023 3,402 34,525 37,927
Depreciation
At 1 February 2022 - 9,134 9,134
Charge for the year - 5,976 5,976
On disposals - (4,487) (4,487)
At 31 January 2023 - 10,623 10,623
Net book value
At 31 January 2023 3,402 23,902 27,304
At 31 January 2022 3,402 21,065 24,467
5 Debtors 2023 2022
£ £
Other debtors 38,979 13,167
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,262 9,262
Trade creditors 6,249 4,769
Corporation tax - 3,065
Other taxes and social security costs 17,570 12,129
Other creditors 21,926 17,899
55,007 47,124
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,728 35,738
8 Related party transactions
Included within other creditors is a director's loan of £1,191 (2021 - £nil).
9 Controlling party
Ria Shah is the ultimate controlling party.
10 Other information
R & S Beauty Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Kingsland Shopping Centre
London
E8 2LX
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