2 false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,028 6,028 xbrli:pure xbrli:shares iso4217:GBP 12392449 2023-02-01 2024-01-31 12392449 2024-01-31 12392449 2022-02-01 2023-01-31 12392449 2023-01-31 12392449 core:MotorVehicles 2023-02-01 2024-01-31 12392449 bus:Director1 2023-02-01 2024-01-31 12392449 core:MotorVehicles 2024-01-31 12392449 core:AfterOneYear 2024-01-31 12392449 core:AfterOneYear 2023-01-31 12392449 core:WithinOneYear 2024-01-31 12392449 core:WithinOneYear 2023-01-31 12392449 core:ShareCapital 2024-01-31 12392449 core:ShareCapital 2023-01-31 12392449 core:RetainedEarningsAccumulatedLosses 2024-01-31 12392449 core:RetainedEarningsAccumulatedLosses 2023-01-31 12392449 bus:SmallEntities 2023-02-01 2024-01-31 12392449 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12392449 bus:FullAccounts 2023-02-01 2024-01-31 12392449 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12392449 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 12392449
Get Cosmetics Ltd
Filleted Unaudited Financial Statements
31 January 2024
Get Cosmetics Ltd
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Current assets
Debtors
6
634
Cash at bank and in hand
644
----
----
634
644
Creditors: amounts falling due within one year
7
134,522
98,827
---------
--------
Net current liabilities
133,888
98,183
---------
--------
Total assets less current liabilities
( 133,888)
( 98,183)
Creditors: amounts falling due after more than one year
8
6,157
7,113
---------
---------
Net liabilities
( 140,045)
( 105,296)
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 140,046)
( 105,297)
---------
---------
Shareholders deficit
( 140,045)
( 105,296)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Get Cosmetics Ltd
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 4 March 2024 , and are signed on behalf of the board by:
Tyler Lockerheart
Director
Company registration number: 12392449
Get Cosmetics Ltd
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 St Albans Road, Watford, WD24 4FT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1 February 2023 and 31 January 2024
6,028
-------
Depreciation
At 1 February 2023 and 31 January 2024
6,028
-------
Carrying amount
At 31 January 2024
-------
At 31 January 2023
-------
6. Debtors
2024
2023
£
£
Trade debtors
634
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
672
Social security and other taxes
49
Other creditors
134,473
98,155
---------
--------
134,522
98,827
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,157
7,113
-------
-------
9. Financial instruments
There are no financial instruments requiring disclosure other than as disclosed in the financial statements.
There are no financial instruments requiring disclosure other than as disclosed in the financial statements.
10. Director's advances, credits and guarantees
There are no material transactions with the director requiring disclosure.