Registered number
10259379
Eternal Aesthetics Ltd
Filleted Accounts
Eternal Aesthetics Ltd
Registered number: 10259379
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,117 29,550
Current assets
Stocks 3,955 5,205
Cash at bank and in hand 3,199 7,066
7,154 12,271
Creditors: amounts falling due within one year 4 (6,074) (991)
Net current assets 1,080 11,280
Total assets less current liabilities 26,197 40,830
Creditors: amounts falling due after more than one year 5 (109,977) (100,253)
Net liabilities (83,780) (59,423)
Capital and reserves
Called up share capital 100 100
Profit and loss account (83,880) (59,523)
Shareholder's funds (83,780) (59,423)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Adina Miron
Director
Approved by the board on 16 April 2024
Eternal Aesthetics Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 10,376 34,600 44,976
At 31 July 2023 10,376 34,600 44,976
Depreciation
At 1 August 2022 5,824 9,602 15,426
At 31 July 2023 6,507 13,352 19,859
Net book value
At 31 July 2023 3,869 21,248 25,117
At 31 July 2022 4,552 24,998 29,550
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,201 118
Other creditors 873 873
6,074 991
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 24,371
Other creditors 109,977 75,882
109,977 100,253
6 Other information
Eternal Aesthetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
28 Marshe Close
Potters Bar
Herts
EN6 5NR
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