1 June 2022 false No description of principal activity Taxfiler 2023.12 08515772business:PrivateLimitedCompanyLtd2022-06-012023-05-31 085157722022-05-31 085157722022-06-012023-05-31 08515772business:AuditExempt-NoAccountantsReport2022-06-012023-05-31 08515772business:FilletedAccounts2022-06-012023-05-31 085157722023-05-31 085157722022-05-31 08515772core:WithinOneYear2023-05-31 08515772core:WithinOneYear2022-05-31 08515772core:AfterOneYear2023-05-31 08515772core:AfterOneYear2022-05-31 08515772core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 08515772core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 08515772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 08515772core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 08515772core:PreviouslyStatedAmount2023-05-31 08515772core:PreviouslyStatedAmount2022-05-31 08515772business:SmallEntities2022-06-012023-05-31 08515772business:Director12022-06-012023-05-31 08515772countries:EnglandWales2022-06-012023-05-31 08515772business:RegisteredOffice2022-06-012023-05-31 08515772core:PlantMachinery2022-06-012023-05-31 08515772core:FurnitureFittings2022-06-012023-05-31 08515772core:ComputerEquipment2022-06-012023-05-31 08515772core:PlantMachinery2022-05-31 08515772core:FurnitureFittings2022-05-31 08515772core:ComputerEquipment2022-05-31 08515772core:PlantMachinery2023-05-31 08515772core:FurnitureFittings2023-05-31 08515772core:ComputerEquipment2023-05-31 085157722021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 08515772 (England and Wales)
QUALITY BEAUTY STORE LTD Unaudited accounts for the year ended 31 May 2023
QUALITY BEAUTY STORE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,214 
15,724 
Current assets
Inventories
10,089 
10,089 
Debtors
71,260 
- 
Cash at bank and in hand
(3,961)
207,236 
77,388 
217,325 
Creditors: amounts falling due within one year
181,738 
139,773 
Net current assets
259,126 
357,098 
Total assets less current liabilities
275,340 
372,822 
Creditors: amounts falling due after more than one year
(27,978)
(38,864)
Net assets
247,362 
333,958 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
247,262 
333,858 
Shareholders' funds
247,362 
333,958 
For the year ending 31 May 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.
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 19 January 2024 and were signed on its behalf by
Mihails Nesterovics Director Company Registration No. 08515772
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QUALITY BEAUTY STORE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
QUALITY BEAUTY STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 08515772. The registered office is 80 SANDRINGHAM CRESCENT, LEEDS, LS17 8DF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
9,434 
25,904 
4,563 
39,901 
Additions
- 
4,110 
312 
4,422 
At 31 May 2023
9,434 
30,014 
4,875 
44,323 
Depreciation
At 1 June 2022
5,507 
17,313 
1,357 
24,177 
Charge for the year
982 
2,148 
802 
3,932 
At 31 May 2023
6,489 
19,461 
2,159 
28,109 
Net book value
At 31 May 2023
2,945 
10,553 
2,716 
16,214 
At 31 May 2022
3,927 
8,591 
3,206 
15,724 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
71,260 
- 
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QUALITY BEAUTY STORE LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(15,527)
(6,895)
Trade creditors
9,800 
(8,373)
Taxes and social security
- 
(6,894)
Other creditors
(181,307)
(176,727)
Loans from directors
5,296 
59,116 
(181,738)
(139,773)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,978 
38,864 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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