Company Registration No. 11815593 (England and Wales)
Beauty & Grace Limited
Unaudited accounts
for the year ended 28 February 2023
Beauty & Grace Limited
Unaudited accounts
Contents
Beauty & Grace Limited
Company Information
for the year ended 28 February 2023
Director
Maria Grace Watson
Company Number
11815593 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
United Kingdom
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Beauty & Grace Limited
Statement of financial position
as at 28 February 2023
Intangible assets
5,600
11,200
Tangible assets
3,205
1,329
Inventories
253,570
167,283
Cash at bank and in hand
145,406
51,189
Creditors: amounts falling due within one year
(107,057)
(108,041)
Net current assets
350,667
180,810
Total assets less current liabilities
359,472
193,339
Creditors: amounts falling due after more than one year
(238,363)
(67,635)
Net assets
121,109
125,704
Called up share capital
100
100
Share premium
169,900
169,900
Profit and loss account
(48,891)
(44,296)
Shareholders' funds
121,109
125,704
For the year ending 28 February 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 27 November 2023 and were signed on its behalf by
Maria Grace Watson
Director
Company Registration No. 11815593
Beauty & Grace Limited
Notes to the Accounts
for the year ended 28 February 2023
Beauty & Grace Limited is a private company, limited by shares, registered in England and Wales, registration number 11815593. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
33% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
All interest costs are recognised in the profit or loss in the period in which they are incurred.
Beauty & Grace Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Other
At 28 February 2023
28,000
At 28 February 2023
22,400
At 28 February 2022
11,200
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
7,100
31,755
Accrued income and prepayments
26,360
26,175
Other debtors
25,288
12,449
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
47,172
66,259
Taxes and social security
35,791
33,235
Other creditors
8,268
7,198
Beauty & Grace Limited
Notes to the Accounts
for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
238,363
67,635
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).