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Company Registration No. 9668282 (England and Wales)
L'REVOLUTION BEAUTY LTD Accounts for the year ended 31 July 2023
L'REVOLUTION BEAUTY LTD Accounts Contents
Page
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L'REVOLUTION BEAUTY LTD Company Information for the year ended 31 July 2023
Director
Konstantins Lagutins
Company Number
9668282 (England and Wales)
Registered Office
167-169 Great Portland Street 5th Floor London W1W 5PF England
Accountants
ABN Accounting Limited 85 Great Portland Street First Floor London United Kingdom W1W 7LT
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L'REVOLUTION BEAUTY LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
508 
677 
Current assets
Inventories
19,517 
25,323 
Debtors
16,561 
10,676 
Cash at bank and in hand
2,724 
19,594 
38,802 
55,593 
Creditors: amounts falling due within one year
(25,168)
(23,545)
Net current assets
13,634 
32,048 
Total assets less current liabilities
14,142 
32,725 
Creditors: amounts falling due after more than one year
(18,166)
(32,625)
Net (liabilities)/assets
(4,024)
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(4,124)
- 
Shareholders' funds
(4,024)
100 
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 director acknowledges his 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 and authorised for issue on 12 April 2024 and were signed on its behalf by
Konstantins Lagutins Director Company Registration No. 9668282
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L'REVOLUTION BEAUTY LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
L'REVOLUTION BEAUTY LTD is a private company, limited by shares, registered in England and Wales, registration number 9668282. The registered office is 167-169 Great Portland Street, 5th Floor, London, W1W 5PF, 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.
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:
Fixtures & fittings
Straight line depreciation 20%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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L'REVOLUTION BEAUTY LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
- 
1,846 
1,846 
At 31 July 2023
- 
1,846 
1,846 
Depreciation
At 1 August 2022
- 
1,169 
1,169 
Charge for the year
169 
- 
169 
At 31 July 2023
169 
1,169 
1,338 
Net book value
At 31 July 2023
(169)
677 
508 
At 31 July 2022
- 
677 
677 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,253 
370 
Accrued income and prepayments
- 
8,106 
Other debtors
3,108 
- 
14,361 
8,476 
Amounts falling due after more than one year
Other debtors
2,200 
2,200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
24,827 
20,774 
Taxes and social security
101 
3,471 
Other creditors
- 
(700)
Accruals
240 
- 
25,168 
23,545 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,640 
32,625 
Taxes and social security
3,526 
- 
18,166 
32,625 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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L'REVOLUTION BEAUTY LTD Notes to the Accounts for the year ended 31 July 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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