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REGISTERED NUMBER: 11297678 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Vivid Beauty Ltd

Vivid Beauty Ltd (Registered number: 11297678)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vivid Beauty Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Dugdale
R Dugdale





REGISTERED OFFICE: Unit 2
Woolston
Southampton
Hampshire
SO19 9UE





REGISTERED NUMBER: 11297678 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED

Vivid Beauty Ltd (Registered number: 11297678)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,894 5,815

CURRENT ASSETS
Stocks 505 -
Debtors 5 48,104 54,398
48,609 54,398
CREDITORS
Amounts falling due within one year 6 71,929 43,690
NET CURRENT (LIABILITIES)/ASSETS (23,320 ) 10,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,426

)

16,523

CREDITORS
Amounts falling due after more than one
year

7

12,678

19,363
NET LIABILITIES (31,104 ) (2,840 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,204 ) (2,940 )
(31,104 ) (2,840 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Vivid Beauty Ltd (Registered number: 11297678)

Balance Sheet - continued
31 March 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 28 November 2023 and were signed on its behalf by:





J Dugdale - Director


Vivid Beauty Ltd (Registered number: 11297678)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Vivid Beauty Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Computer equipment - 33% on cost

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Vivid Beauty Ltd (Registered number: 11297678)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 8,157 316 8,473
DEPRECIATION
At 1 April 2022 2,447 211 2,658
Charge for year 816 105 921
At 31 March 2023 3,263 316 3,579
NET BOOK VALUE
At 31 March 2023 4,894 - 4,894
At 31 March 2022 5,710 105 5,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by associates 42,596 -
Other debtors - 54,398
Deferred tax asset 5,419 -
Prepayments 89 -
48,104 54,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,259 8,926
Tax - 238
Social security and other taxes 8,585 9,257
VAT 30,031 7,842
Other creditors 732 -
Directors' current accounts 21,222 17,061
Accrued expenses 1,100 366
71,929 43,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 12,678 19,363

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Dugdale.