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Company Registration No. 11467492 (England and Wales)
Bellissima Beauty Limited Unaudited accounts for the year ended 31 December 2023
Bellissima Beauty Limited Unaudited accounts Contents
Page
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Bellissima Beauty Limited Company Information for the year ended 31 December 2023
Director
Mrs E M Marucci
Company Number
11467492 (England and Wales)
Registered Office
99 Hiltingbury Road Chandlers Ford Hampshire SO53 5NP
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Bellissima Beauty Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,739 
32,362 
Current assets
Inventories
3,750 
3,750 
Debtors
42,195 
34,103 
Cash at bank and in hand
6,325 
10,407 
52,270 
48,260 
Creditors: amounts falling due within one year
(26,197)
(26,583)
Net current assets
26,073 
21,677 
Total assets less current liabilities
43,812 
54,039 
Creditors: amounts falling due after more than one year
(40,382)
(47,844)
Provisions for liabilities
Deferred tax
(3,371)
(6,149)
Net assets
59 
46 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
49 
36 
Shareholders' funds
59 
46 
For the year ending 31 December 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 her 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 5 February 2024 and were signed on its behalf by
Mrs E M Marucci Director Company Registration No. 11467492
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Bellissima Beauty Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Bellissima Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 11467492. The registered office is 99 Hiltingbury Road, Chandlers Ford, Hampshire, SO53 5NP.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
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
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses. The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.
Land & buildings
Over the term of the initial lease of 5 years
Plant & machinery
20% straight line
Computer equipment
25% straight line
Turnover
Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable. Turnover is recognised on provision of beauty treatments.
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Bellissima Beauty Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Leased assets
Where assets are financed by leasing agreements that give rights approximating to ownership, the assets are treated as if they have been purchased outright. The amount capitalised is their fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the income statement over the shorter of the lease term and their useful life. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the income statement on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance. All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the income statement on a straight line basis over the lease term.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
21,665 
58,714 
1,357 
81,736 
Additions
- 
- 
2,247 
2,247 
At 31 December 2023
21,665 
58,714 
3,604 
83,983 
Depreciation
At 1 January 2023
15,538 
32,836 
1,000 
49,374 
Charge for the year
4,333 
11,743 
794 
16,870 
At 31 December 2023
19,871 
44,579 
1,794 
66,244 
Net book value
At 31 December 2023
1,794 
14,135 
1,810 
17,739 
At 31 December 2022
6,127 
25,878 
357 
32,362 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,545 
4,042 
Other debtors
34,650 
30,061 
42,195 
34,103 
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Bellissima Beauty Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,784 
4,004 
VAT
11,012 
14,031 
Obligations under finance leases and hire purchase contracts
1,920 
1,920 
Trade creditors
1,832 
- 
Taxes and social security
6,572 
4,878 
Other creditors
1,077 
- 
Accruals
- 
1,750 
26,197 
26,583 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,422 
44,964 
Obligations under finance leases and hire purchase contracts
960 
2,880 
40,382 
47,844 
8
Average number of employees
During the year the average number of employees was 8 (2022: 7).
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