Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 08750788 Anastasia Nasskau Daniel Nasskau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08750788 2022-07-31 08750788 2023-07-31 08750788 2022-08-01 2023-07-31 08750788 frs-core:CurrentFinancialInstruments 2023-07-31 08750788 frs-core:Non-currentFinancialInstruments 2023-07-31 08750788 frs-core:MotorVehicles 2023-07-31 08750788 frs-core:MotorVehicles 2022-08-01 2023-07-31 08750788 frs-core:MotorVehicles 2022-07-31 08750788 frs-core:ShareCapital 2023-07-31 08750788 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08750788 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08750788 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 08750788 frs-bus:SmallEntities 2022-08-01 2023-07-31 08750788 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08750788 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08750788 frs-bus:Director1 2022-08-01 2023-07-31 08750788 frs-bus:Director2 2022-08-01 2023-07-31 08750788 frs-countries:EnglandWales 2022-08-01 2023-07-31 08750788 2021-07-31 08750788 2022-07-31 08750788 2021-08-01 2022-07-31 08750788 frs-core:CurrentFinancialInstruments 2022-07-31 08750788 frs-core:Non-currentFinancialInstruments 2022-07-31 08750788 frs-core:ShareCapital 2022-07-31 08750788 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 08750788
Beyond Cosmetics Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08750788
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 8,137 10,850
8,137 10,850
CURRENT ASSETS
Stocks 4 550 2,860
Cash at bank and in hand 23,385 33,620
23,935 36,480
Creditors: Amounts Falling Due Within One Year 5 (2,582 ) (6,143 )
NET CURRENT ASSETS (LIABILITIES) 21,353 30,337
TOTAL ASSETS LESS CURRENT LIABILITIES 29,490 41,187
Creditors: Amounts Falling Due After More Than One Year 6 (40,341 ) (40,785 )
NET (LIABILITIES)/ASSETS (10,851 ) 402
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (10,853 ) 400
SHAREHOLDERS' FUNDS (10,851) 402
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For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Anastasia Nasskau
Director
02/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25 % Reducing Balance
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 2)
1 2
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3. Tangible Assets
Motor Vehicles
£
Cost
As at 1 August 2022 12,400
As at 31 July 2023 12,400
Depreciation
As at 1 August 2022 1,550
Provided during the period 2,713
As at 31 July 2023 4,263
Net Book Value
As at 31 July 2023 8,137
As at 1 August 2022 10,850
4. Stocks
2023 2022
£ £
Stock - finished goods 550 2,860
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 903
Other taxes and social security - 258
VAT - 4,633
Directors' loan accounts 2,582 349
2,582 6,143
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 30,341 30,785
Other creditors 10,000 10,000
40,341 40,785
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. General Information
Beyond Cosmetics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08750788 . The registered office is 120 Cavendish Place, Eastbourne, BN21 3TZ.
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