Company registration number 04540611 (England and Wales)
BEAUTY CULTURE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BEAUTY CULTURE LIMITED
COMPANY INFORMATION
Director
Miss C L Dolphin
Secretary
Mr M Barnes
Company number
04540611
Registered office
5 St James Street
Bacup
Lancashire
OL13 9NJ
Accountants
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
5 St James Street
Bacup
Lancashire
OL13 9NJ
Bankers
Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB
BEAUTY CULTURE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BEAUTY CULTURE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,688
4,755
Current assets
Stocks
3,825
4,125
Debtors
5
362
425
Cash at bank and in hand
11,987
17,232
16,174
21,782
Creditors: amounts falling due within one year
6
(5,830)
(11,225)
Net current assets
10,344
10,557
Total assets less current liabilities
12,032
15,312
Provisions for liabilities
(321)
(904)
Net assets
11,711
14,408
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
11,611
14,308
Total equity
11,711
14,408

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 14 November 2023
Miss C L Dolphin
Director
Company Registration No. 04540611
BEAUTY CULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Beauty Culture Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 St James Street, Bacup, Lancashire, OL13 9NJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 financial statements have been prepared under the historical cost convention.

 

1.2
Going concern

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for beauty treatments and related supplies provided in the normal course of business.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

BEAUTY CULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
7
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
10,000
Amortisation and impairment
At 1 April 2022 and 31 March 2023
10,000
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
BEAUTY CULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022
27,468
Disposals
(20,760)
At 31 March 2023
6,708
Depreciation and impairment
At 1 April 2022
22,713
Depreciation charged in the year
299
Eliminated in respect of disposals
(17,992)
At 31 March 2023
5,020
Carrying amount
At 31 March 2023
1,688
At 31 March 2022
4,755
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
362
425

Other debtors comprise £362 (2022 £425) prepaid expenses.

6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,358
4,512
Other taxation and social security
-
0
30
Other creditors
4,472
6,683
5,830
11,225

Other creditors include a director's loan account of £2,919 (2022: £5,072) and accruals of £1,506 (2022: £1,612).

BEAUTY CULTURE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares class A of £1 each
80
80
80
80
Ordinary shares class B of £1 each
20
20
20
20
100
100
100
100
2023-03-312022-04-01false14 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMiss C L DolphinMr M Barnesfalse045406112022-04-012023-03-3104540611bus:Director12022-04-012023-03-3104540611bus:CompanySecretary12022-04-012023-03-3104540611bus:RegisteredOffice2022-04-012023-03-3104540611bus:Agent12022-04-012023-03-31045406112023-03-31045406112022-03-3104540611core:OtherPropertyPlantEquipment2023-03-3104540611core:OtherPropertyPlantEquipment2022-03-3104540611core:CurrentFinancialInstruments2023-03-3104540611core:CurrentFinancialInstruments2022-03-3104540611core:ShareCapital2023-03-3104540611core:ShareCapital2022-03-3104540611core:RetainedEarningsAccumulatedLosses2023-03-3104540611core:RetainedEarningsAccumulatedLosses2022-03-3104540611core:ShareCapitalOrdinaryShares2023-03-3104540611core:ShareCapitalOrdinaryShares2022-03-3104540611core:FurnitureFittings2022-04-012023-03-31045406112021-04-012022-03-3104540611core:NetGoodwill2022-03-3104540611core:NetGoodwill2023-03-3104540611core:NetGoodwill2022-03-3104540611core:OtherPropertyPlantEquipment2022-03-3104540611core:OtherPropertyPlantEquipment2022-04-012023-03-3104540611core:WithinOneYear2023-03-3104540611core:WithinOneYear2022-03-3104540611bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104540611bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104540611bus:FRS1022022-04-012023-03-3104540611bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104540611bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP