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Registration number: 11517210

SHE Lash Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2022

 

SHE Lash Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

SHE Lash Ltd

Company Information

Directors

S Edgerton

H Edgerton

Registered office

Former Weighbridge Office
Upper Battlefield
Shrewsbury
Shropshire
SY4 3DB

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

SHE Lash Ltd

(Registration number: 11517210)
Balance Sheet as at 31 August 2022

Note

2022
£

(As restated)

2021
£

Fixed assets

 

Tangible assets

4

28,418

29,256

Current assets

 

Debtors

5

2,161

-

Cash at bank and in hand

 

35,495

22,276

 

37,656

22,276

Creditors: Amounts falling due within one year

6

(50,272)

(12,156)

Net current (liabilities)/assets

 

(12,616)

10,120

Total assets less current liabilities

 

15,802

39,376

Creditors: Amounts falling due after more than one year

6

(10,482)

(25,000)

Net assets

 

5,320

14,376

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

5,318

14,374

Shareholders' funds

 

5,320

14,376

For the financial year ending 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

SHE Lash Ltd

(Registration number: 11517210)
Balance Sheet as at 31 August 2022

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 December 2023 and signed on its behalf by:
 

S Edgerton
Director

H Edgerton
Director

 
     
 

SHE Lash Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Former Weighbridge Office
Upper Battlefield
Shrewsbury
Shropshire
SY4 3DB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Reclassification of comparative amounts

The prior periods figures have been restated, which have led to an increase in tangible assets by £13,990, decrease in debtors by £9,508, decrease in cash at bank by £83,648 and a decrease in creditors due within one year by £9,334. Overall net assets reduced from £84,208 to £14,376, a reduction of £69,832.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

SHE Lash Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings, tools and equipment

10% reducing balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2021

20,881

9,542

30,423

At 31 August 2022

20,881

9,542

30,423

Depreciation

At 1 September 2021

-

1,167

1,167

Charge for the year

-

838

838

At 31 August 2022

-

2,005

2,005

Carrying amount

At 31 August 2022

20,881

7,537

28,418

At 31 August 2021

20,881

8,375

29,256

Included within the net book value of land and buildings above is £20,881 (2021 - £20,881) in respect of long leasehold land and buildings.
 

 

SHE Lash Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2022

5

Debtors

Current

2022
£

2021
£

Other debtors

2,161

-

 

2,161

-

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

7,150

-

Trade creditors

 

1,524

2,799

Taxation and social security

 

38,100

6,791

Accruals and deferred income

 

3,498

-

Other creditors

 

-

2,566

 

50,272

12,156

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

10,482

25,000

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

SHE Lash Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2022

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

10,482

25,000

2022
£

2021
£

Current loans and borrowings

Bank borrowings

7,150

-

9

Related party transactions

At the year end the comany was owed an amount of £2,161 due from the directors (2022 - (£2,567)) which is included in other debtors.