Company Registration No. 06451534 (England and Wales)
Beauty Box Bristol Limited
Unaudited accounts
for the year ended 31 March 2023
Beauty Box Bristol Limited
Unaudited accounts
Contents
Beauty Box Bristol Limited
Company Information
for the year ended 31 March 2023
Directors
Mrs J Vickers
Mr J Vickers
Company Number
06451534 (England and Wales)
Registered Office
9 Shrubbery Cottages
Redland
Bristol
BS6 6SY
Accountants
Hewitt Accountancy Ltd
40 Harcourt Road
Redland
Bristol
BS6 7RE
Beauty Box Bristol Limited
Statement of financial position
as at 31 March 2023
Tangible assets
20,783
28,834
Cash at bank and in hand
89,008
173,382
Creditors: amounts falling due within one year
(119,022)
(106,871)
Net current assets
39,232
90,505
Total assets less current liabilities
60,015
119,339
Creditors: amounts falling due after more than one year
(25,833)
(35,833)
Provisions for liabilities
Deferred tax
(3,949)
(5,300)
Called up share capital
1,000
1,000
Profit and loss account
29,233
77,206
Shareholders' funds
30,233
78,206
For the year ending 31 March 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by
Mr J Vickers
Director
Company Registration No. 06451534
Beauty Box Bristol Limited
Notes to the Accounts
for the year ended 31 March 2023
Beauty Box Bristol Limited is a private company, limited by shares, registered in England and Wales, registration number 06451534. The registered office is 9 Shrubbery Cottages, Redland, Bristol, BS6 6SY.
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 except that as disclosed in the accounting policies certain items are shown at fair value.
The accounts are presented in £ sterling.
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Land & buildings
20% on cost
Plant & machinery
33% on reducing balance
Motor vehicles
20% on cost
Fixtures & fittings
25% on reducing balance
Beauty Box Bristol Limited
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
6
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
983
Later than one year and not later than five years
42,538
-
Beauty Box Bristol Limited
Notes to the Accounts
for the year ended 31 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Unsecured and repayable on demand
3,587
36,553
14,489
25,651
Unsecured and repayable on demand
3,588
36,554
14,490
25,652
7,175
73,107
28,979
51,303
Interest was charged on the loans at the HMRC Official Rate of Interest. The loans were fully repaid after the company's year end.
8
Transactions with related parties
In the opinion of the directors, there are no transactions with related parties that have not been concluded under normal market conditions.
9
Average number of employees
During the year the average number of employees was 27 (2022: 26).