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Company Registration No. 13455659 (England and Wales)
Beauty 101 Ltd Unaudited accounts for the year ended 30 June 2023
Beauty 101 Ltd Unaudited accounts Contents
Page
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Beauty 101 Ltd Company Information for the year ended 30 June 2023
Directors
Martin Li Xiaotong Li
Company Number
13455659 (England and Wales)
Registered Office
26 Calico House 12 Penny Brookes Street London E20 1BH England
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
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Beauty 101 Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
163 
208 
Current assets
Inventories
19,992 
25,313 
Debtors
1,561 
2,061 
Cash at bank and in hand
1,758 
2,247 
23,311 
29,621 
Creditors: amounts falling due within one year
(40,747)
(36,212)
Net current liabilities
(17,436)
(6,591)
Net liabilities
(17,272)
(6,382)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(17,273)
(6,383)
Shareholders' funds
(17,272)
(6,382)
For the year ending 30 June 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 13 March 2024 and were signed on its behalf by
Martin Li Director Company Registration No. 13455659
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Beauty 101 Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Beauty 101 Ltd is a private company, limited by shares, registered in England and Wales, registration number 13455659. The registered office is 26 Calico House, 12 Penny Brookes Street, London, E20 1BH, England.
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.
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 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:
Computer equipment
20% straight line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Beauty 101 Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
223 
At 30 June 2023
223 
Depreciation
At 1 July 2022
15 
Charge for the year
45 
At 30 June 2023
60 
Net book value
At 30 June 2023
163 
At 30 June 2022
208 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
134 
Trade debtors
951 
29 
Accrued income and prepayments
10 
1,298 
Other debtors
600 
600 
1,561 
2,061 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
24 
752 
Taxes and social security
343 
- 
Other creditors
2,000 
2,000 
Loans from directors
37,920 
33,000 
Accruals
460 
460 
40,747 
36,212 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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