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REGISTERED NUMBER: 08537542 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2023

for

RED BEAUTY LIMITED

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RED BEAUTY LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Miss A L Boyce
Miss H R Boyce





REGISTERED OFFICE: 236 Maryvale Road
Bournville
Birmingham
B30 1PJ





REGISTERED NUMBER: 08537542 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 50,562 65,641
50,562 65,641

CURRENT ASSETS
Stocks 4,995 7,518
Debtors 6 13,567 2,217
Cash at bank and in hand 6,442 53,377
25,004 63,112
CREDITORS
Amounts falling due within one year 7 37,259 38,393
NET CURRENT (LIABILITIES)/ASSETS (12,255 ) 24,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,307

90,360

CREDITORS
Amounts falling due after more than one year 8 (28,162 ) (56,467 )

PROVISIONS FOR LIABILITIES (9,907 ) (12,472 )
NET ASSETS 238 21,421

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 38 21,221
SHAREHOLDERS' FUNDS 238 21,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Balance Sheet - continued
30 September 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Miss A L Boyce - Director


RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Red Beauty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Stock Provision
The directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 10,000
AMORTISATION
At 1 October 2022
and 30 September 2023 10,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 97,048 25,062 5,157 127,267
Additions 479 1,113 - 1,592
At 30 September 2023 97,527 26,175 5,157 128,859
DEPRECIATION
At 1 October 2022 37,631 19,826 4,169 61,626
Charge for year 14,925 1,499 247 16,671
At 30 September 2023 52,556 21,325 4,416 78,297
NET BOOK VALUE
At 30 September 2023 44,971 4,850 741 50,562
At 30 September 2022 59,417 5,236 988 65,641

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 1,537 2,217
Other debtors 12,030 -
13,567 2,217

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 3,889 3,889
Hire purchase contracts (see note 9) 9,415 8,728
Trade creditors 10,009 10,427
Taxation and social security 10,725 4,794
Other creditors 3,221 10,555
37,259 38,393

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 26,573 30,463
Hire purchase contracts (see note 9) 1,589 11,004
Other creditors - 15,000
28,162 56,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,018 14,908

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 9,415 8,728
Between one and five years 1,589 11,004
11,004 19,732

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 14,500 14,500
Between one and five years 58,000 58,000
In more than five years 18,125 32,625
90,625 105,125

RED BEAUTY LIMITED (REGISTERED NUMBER: 08537542)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


10. ULTIMATE CONTROLLING PARTY

The company is under the control of Miss Aimee Boyce and Miss Holly Boyce who each own 50% of the share capital..

11. EMPLOYEE BENEFITS

The company's holiday period is 1 October - 30 September therefore no accrued holiday pay provision is required in these accounts.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Red Beauty Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Beauty Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Red Beauty Limited, as a body, in accordance with the terms of our engagement letter dated 7 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Red Beauty Limited and state those matters that we have agreed to state to the Board of Directors of Red Beauty Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Beauty Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Red Beauty Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Red Beauty Limited. You consider that Red Beauty 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 financial statements of Red Beauty 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 financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


27 November 2023