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REGISTERED NUMBER: 11362074 (England and Wales)














OLIVE AND BAY BEAUTY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






OLIVE AND BAY BEAUTY LIMITED (REGISTERED NUMBER: 11362074)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OLIVE AND BAY BEAUTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTOR: Miss A Stratford





SECRETARY: Mrs R L Stratford





REGISTERED OFFICE: 102 Burnham Green Road
Datchworth
United Kingdom
AL6 0NQ





REGISTERED NUMBER: 11362074 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

OLIVE AND BAY BEAUTY LIMITED (REGISTERED NUMBER: 11362074)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,597 11,436

CURRENT ASSETS
Stocks 7,353 7,169
Debtors 17,388 17,451
Cash at bank and in hand 8,783 12,582
33,524 37,202
CREDITORS
Amounts falling due within one year 27,815 25,023
NET CURRENT ASSETS 5,709 12,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,306

23,615

CREDITORS
Amounts falling due after more than one year 14,317 21,939
NET ASSETS 989 1,676

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 889 1,576
SHAREHOLDERS' FUNDS 989 1,676

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

OLIVE AND BAY BEAUTY LIMITED (REGISTERED NUMBER: 11362074)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2024 and were signed by:





Miss A Stratford - Director


OLIVE AND BAY BEAUTY LIMITED (REGISTERED NUMBER: 11362074)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Olive And Bay Beauty Limited 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 Profit and Loss, 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.

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 4 (2022 - 4 ) .

OLIVE AND BAY BEAUTY LIMITED (REGISTERED NUMBER: 11362074)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 20,953
DEPRECIATION
At 1 June 2022 9,517
Charge for year 1,839
At 31 May 2023 11,356
NET BOOK VALUE
At 31 May 2023 9,597
At 31 May 2022 11,436