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Company Registration No. 08298615 (England and Wales)
Stems Of Beauty Limited Unaudited accounts for the year ended 30 March 2023
Stems Of Beauty Limited Unaudited accounts Contents
Page
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Stems Of Beauty Limited Company Information for the year ended 30 March 2023
Director
Hayley Jane Clarke
Company Number
08298615 (England and Wales)
Registered Office
Desbox, Unit GO2 East Richardson Street High Wycombe Bucks HP11 2GG
Accountants
Panda Tax Accountancy Services 56 Windyridge Gardens Wymans Brook Cheltenham Glos GL50 4SY
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Stems Of Beauty Limited Statement of financial position as at 30 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,224 
2,447 
Current assets
Inventories
5,302 
7,402 
Debtors
4,600 
1,261 
Cash at bank and in hand
20,784 
25,339 
30,686 
34,002 
Creditors: amounts falling due within one year
(42,731)
(44,728)
Net current liabilities
(12,045)
(10,726)
Total assets less current liabilities
(10,821)
(8,279)
Provisions for liabilities
Other provisions
(233)
(465)
Net liabilities
(11,054)
(8,744)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(11,154)
(8,844)
Shareholders' funds
(11,054)
(8,744)
For the year ending 30 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2023 and were signed on its behalf by
Hayley Jane Clarke Director Company Registration No. 08298615
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Stems Of Beauty Limited Notes to the Accounts for the year ended 30 March 2023
1
Statutory information
Stems Of Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 08298615. The registered office is Desbox, Unit GO2, East Richardson Street, High Wycombe, Bucks, HP11 2GG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25%
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
25%
Other tangible fixed assets
25%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Stems Of Beauty Limited Notes to the Accounts for the year ended 30 March 2023
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 March 2022
1,425 
4,894 
1,906 
8,225 
At 30 March 2023
1,425 
4,894 
1,906 
8,225 
Depreciation
At 31 March 2022
1,425 
2,447 
1,906 
5,778 
Charge for the year
- 
1,223 
- 
1,223 
At 30 March 2023
1,425 
3,670 
1,906 
7,001 
Net book value
At 30 March 2023
- 
1,224 
- 
1,224 
At 30 March 2022
- 
2,447 
- 
2,447 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,249 
973 
Other debtors
2,351 
288 
4,600 
1,261 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,124 
169 
Trade creditors
755 
522 
Taxes and social security
- 
1,914 
Loans from directors
39,297 
40,748 
Accruals
1,555 
1,375 
42,731 
44,728 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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