Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282truefalseNo description of principal activity2022-03-012trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11192927 2022-03-01 2023-02-28 11192927 2021-03-01 2022-02-28 11192927 2023-02-28 11192927 2022-02-28 11192927 c:Director1 2022-03-01 2023-02-28 11192927 d:CurrentFinancialInstruments 2023-02-28 11192927 d:CurrentFinancialInstruments 2022-02-28 11192927 d:Non-currentFinancialInstruments 2023-02-28 11192927 d:Non-currentFinancialInstruments 2022-02-28 11192927 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11192927 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11192927 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11192927 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11192927 d:ShareCapital 2023-02-28 11192927 d:ShareCapital 2022-02-28 11192927 d:SharePremium 2023-02-28 11192927 d:SharePremium 2022-02-28 11192927 d:RetainedEarningsAccumulatedLosses 2023-02-28 11192927 d:RetainedEarningsAccumulatedLosses 2022-02-28 11192927 c:FRS102 2022-03-01 2023-02-28 11192927 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11192927 c:FullAccounts 2022-03-01 2023-02-28 11192927 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11192927









YAZMAE COSMETICS LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
YAZMAE COSMETICS LIMITED
REGISTERED NUMBER: 11192927

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

  

Current assets
  

Stocks
  
-
2,000

  
-
2,000

Creditors: amounts falling due within one year
 5 
(18,778)
(17,927)

Net current liabilities
  
 
 
(18,778)
 
 
(15,927)

Total assets less current liabilities
  
(18,778)
(15,927)

Creditors: amounts falling due after more than one year
 6 
(20,302)
(20,404)

  

Net liabilities
  
(39,080)
(36,331)


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
  
9,920
9,920

Profit and loss account
  
(49,200)
(46,451)

  
(39,080)
(36,331)


Page 1

 
YAZMAE COSMETICS LIMITED
REGISTERED NUMBER: 11192927
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2023.




J Charnock
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
YAZMAE COSMETICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Yazmae Cosmetics Limited is a private company limited by shares. The Company is incorporated in England and Wales and the address of its registered office is Unit A, V12 Business Park Ringtail Road Burscough Ringtail Road, Burscough Industrial Estate, Ormskirk, L40 8JY. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director considers it appropriate to prepare the financial statements on a going concern basis. The company continues to pay its debts as they fall due and retains the support of the directors.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
YAZMAE COSMETICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Stocks

2023
2022
£
£

Finished goods and goods for resale
-
2,000



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
5,003
4,764

Bank loans
2,709
2,708

Other loans
1,900
1,900

Other taxation and social security
1,828
1,530

Other creditors
5,838
5,525

Accruals and deferred income
1,500
1,500

18,778
17,927


Page 4

 
YAZMAE COSMETICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,302
20,404


 
Page 5