Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falsePersonal Styling and Content22022-09-30truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14385233 2022-09-29 14385233 2022-09-30 2023-03-31 14385233 2021-04-01 2022-09-29 14385233 2023-03-31 14385233 c:Director1 2022-09-30 2023-03-31 14385233 c:Director2 2022-09-30 2023-03-31 14385233 d:OfficeEquipment 2022-09-30 2023-03-31 14385233 d:OfficeEquipment 2023-03-31 14385233 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-30 2023-03-31 14385233 d:CurrentFinancialInstruments 2023-03-31 14385233 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14385233 d:ShareCapital 2023-03-31 14385233 d:RetainedEarningsAccumulatedLosses 2023-03-31 14385233 c:OrdinaryShareClass1 2022-09-30 2023-03-31 14385233 c:OrdinaryShareClass1 2023-03-31 14385233 c:OrdinaryShareClass2 2022-09-30 2023-03-31 14385233 c:OrdinaryShareClass2 2023-03-31 14385233 c:OrdinaryShareClass3 2022-09-30 2023-03-31 14385233 c:OrdinaryShareClass3 2023-03-31 14385233 c:FRS102 2022-09-30 2023-03-31 14385233 c:AuditExemptWithAccountantsReport 2022-09-30 2023-03-31 14385233 c:FullAccounts 2022-09-30 2023-03-31 14385233 c:PrivateLimitedCompanyLtd 2022-09-30 2023-03-31 14385233 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-09-30 2023-03-31 14385233 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14385233










BODY AND STYLE MEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
BODY AND STYLE MEDIA LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
BODY AND STYLE MEDIA LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BODY AND STYLE MEDIA LIMITED
FOR THE PERIOD ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Body and Style Media Limited for the period ended 31 March 2023 which comprise  the Balance Sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Body and Style Media Limited, as a body, in accordance with the terms of our engagement letter dated 8 November 2022Our work has been undertaken solely to prepare for your approval the financial statements of Body and Style Media Limited  and state those matters that we have agreed to state to the Board of Directors of Body and Style Media Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Body and Style Media Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Body and Style Media 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 Body and Style Media Limited. You consider that Body and Style Media Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Body and Style Media 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
3 November 2023
Page 1

 
BODY AND STYLE MEDIA LIMITED
REGISTERED NUMBER: 14385233

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
2,379

  
2,379

Current assets
  

Debtors: amounts falling due within one year
 5 
2,526

Cash at bank and in hand
  
137,066

  
139,592

Creditors: amounts falling due within one year
 6 
(113,535)

Net current assets
  
 
 
26,057

Total assets less current liabilities
  
28,436

Provisions for liabilities
  

Deferred tax
  
(596)

  
 
 
(596)

Net assets
  
27,840


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
27,740

  
27,840


Page 2

 
BODY AND STYLE MEDIA LIMITED
REGISTERED NUMBER: 14385233
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 3 November 2023.




Ellie-Jean Royden
Angela Royden
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BODY AND STYLE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is
registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principle place of trade is Kenninghall.
The company was incorporated on 29 September 2022 and started trading on 01 October 2022.
The company's principal activity is that of personal styling and content.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover 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.
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
BODY AND STYLE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 5

 
BODY AND STYLE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        period
    31 March 2023
            No.






Directors
2

Page 6

 
BODY AND STYLE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
2,643



At 31 March 2023

2,643



Depreciation


Charge for the period on owned assets
264



At 31 March 2023

264



Net book value



At 31 March 2023
2,379


5.


Debtors

2023
£


Other debtors
476

Prepayments and accrued income
2,050

2,526



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
497

Other taxation and social security
7,457

Accruals and deferred income
105,581

113,535


Page 7

 
BODY AND STYLE MEDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Share capital

2023
£
Allotted, called up and partly paid


70 Ordinary A Share shares of £1.00 each
70
15 Ordinary B Share shares of £1.00 each
15
15 Ordinary C Share shares of £1.00 each
15

100



8.


Related party transactions

As at 31 March 2023, the directors owed the company £461. During the year the directors introduced total monies into the company of £5,034 and the company advanced the directors £5,495. This loan is included in other debtors due within one year in note 5. The loan is interest free and repayable on demand.

 
Page 8