Company registration number 08832382 (England and Wales)
LOOK FABULOUS FOREVER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
6th Floor Kings House
9-10 Haymarket
London
United Kingdom
SW1Y 4BP
LOOK FABULOUS FOREVER LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
LOOK FABULOUS FOREVER LTD
COMPANY INFORMATION
- 1 -
Directors
Anna-Liese Cusden
Ms Patricia Cusden
Mr Adrian Grim
Mr Benjamin Stern
Suzannah Stern
Julie Ritter
Company number
08832382
Registered office
89 Trinity Road
London
SW19 8QZ
Accountants
TC Group
9-10 Haymarket
London
United Kingdom
SW1Y 4BP
LOOK FABULOUS FOREVER LTD
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,157
3,114
Current assets
Stocks
523,708
589,739
Debtors
4
107,658
107,241
Cash at bank and in hand
381,671
439,493
1,013,037
1,136,473
Creditors: amounts falling due within one year
5
(207,545)
(271,842)
Net current assets
805,492
864,631
Net assets
807,649
867,745
Capital and reserves
Called up share capital
6
140
140
Share premium account
899,962
899,962
Profit and loss reserves
(92,453)
(32,357)
Total equity
807,649
867,745

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

LOOK FABULOUS FOREVER LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 5 February 2024 and are signed on its behalf by:
Suzannah Stern
Director
Company Registration No. 08832382
LOOK FABULOUS FOREVER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
1
Accounting policies
Company information

Look Fabulous Forever Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 89 Trinity Road, London, SW19 8QZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% on cost
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LOOK FABULOUS FOREVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

LOOK FABULOUS FOREVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 6 -
1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
10
10
LOOK FABULOUS FOREVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
3
Tangible fixed assets
Fixtures and fittings
Computer equipment
Total
£
£
£
Cost
At 1 April 2022
15,160
13,224
28,384
Additions
-
0
963
963
Disposals
-
0
(549)
(549)
At 31 March 2023
15,160
13,638
28,798
Depreciation and impairment
At 1 April 2022
14,170
11,100
25,270
Depreciation charged in the year
366
1,027
1,393
Eliminated in respect of disposals
-
0
(22)
(22)
At 31 March 2023
14,536
12,105
26,641
Carrying amount
At 31 March 2023
624
1,533
2,157
At 31 March 2022
990
2,124
3,114
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
80,168
80,094
Other debtors
27,490
27,147
107,658
107,241
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
59,841
111,469
Taxation and social security
102,468
80,109
Other creditors
45,236
80,264
207,545
271,842
LOOK FABULOUS FOREVER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 8 -
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Ordinary shares of 1p each
13,960
13,960
140
140
2023-03-312022-04-01false05 February 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityAnna-Liese CusdenMs Patricia CusdenMr Adrian GrimMr Benjamin SternSuzannah SternJulie Ritterfalse088323822022-04-012023-03-3108832382bus:Director12022-04-012023-03-3108832382bus:Director22022-04-012023-03-3108832382bus:Director32022-04-012023-03-3108832382bus:Director42022-04-012023-03-3108832382bus:Director52022-04-012023-03-3108832382bus:Director62022-04-012023-03-3108832382bus:RegisteredOffice2022-04-012023-03-31088323822023-03-31088323822022-03-3108832382core:FurnitureFittings2023-03-3108832382core:ComputerEquipment2023-03-3108832382core:FurnitureFittings2022-03-3108832382core:ComputerEquipment2022-03-3108832382core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108832382core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3108832382core:CurrentFinancialInstruments2023-03-3108832382core:CurrentFinancialInstruments2022-03-3108832382core:ShareCapital2023-03-3108832382core:ShareCapital2022-03-3108832382core:SharePremium2023-03-3108832382core:SharePremium2022-03-3108832382core:RetainedEarningsAccumulatedLosses2023-03-3108832382core:RetainedEarningsAccumulatedLosses2022-03-3108832382core:FurnitureFittings2022-04-012023-03-3108832382core:ComputerEquipment2022-04-012023-03-31088323822021-04-012022-03-3108832382core:FurnitureFittings2022-03-3108832382core:ComputerEquipment2022-03-31088323822022-03-3108832382core:WithinOneYear2023-03-3108832382core:WithinOneYear2022-03-3108832382bus:PrivateLimitedCompanyLtd2022-04-012023-03-3108832382bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108832382bus:FRS1022022-04-012023-03-3108832382bus:AuditExemptWithAccountantsReport2022-04-012023-03-3108832382bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP