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Registration number: 08520252

URBAN BODY AESTHETICS LTD

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2023

 

URBAN BODY AESTHETICS LTD

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

URBAN BODY AESTHETICS LTD

Company Information

Director

Mr Philip David Evans

Registered office

179-183 Warwick Road
Olton
Solihull
West Midlands
B92 7AW

Accountants

DAVID J EVANS LTD
1 Kirton Grove
Solihull
West Midlands
B91 3NW

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
URBAN BODY AESTHETICS LTD
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of URBAN BODY AESTHETICS LTD for the year ended 31 May 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of URBAN BODY AESTHETICS LTD, as a body, in accordance with the terms of our engagement letter dated 8 May 2013. Our work has been undertaken solely to prepare for your approval the accounts of URBAN BODY AESTHETICS LTD and state those matters that we have agreed to state to the Board of Directors of URBAN BODY AESTHETICS LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than URBAN BODY AESTHETICS LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that URBAN BODY AESTHETICS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of URBAN BODY AESTHETICS LTD. You consider that URBAN BODY AESTHETICS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of URBAN BODY AESTHETICS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

DAVID J EVANS LTD
1 Kirton Grove
Solihull
West Midlands
B91 3NW

11 February 2024

 

URBAN BODY AESTHETICS LTD

(Registration number: 08520252)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

30

-

Prepayments and accrued income

 

1,200

-

Creditors: Amounts falling due within one year

(5,199)

(5,200)

Total assets less current liabilities

 

(3,969)

(5,200)

Creditors: Amounts falling due after more than one year

(5,150)

-

Net liabilities

 

(9,119)

(5,200)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(9,120)

(5,201)

Shareholders' deficit

 

(9,119)

(5,200)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 February 2024
 

.........................................
Mr Philip David Evans
Director

 

URBAN BODY AESTHETICS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
179-183 Warwick Road
Olton
Solihull
West Midlands
B92 7AW

These financial statements were authorised for issue by the director on 11 February 2024.

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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Foreign currency transactions and balances

Profit and loss transactions in foreign currencies are translated into sterling at the exchange rate ruling on the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are transalted into sterling at the closing rates at the balance sheet date and the exchange differences are included in the profit and loss account.

 

URBAN BODY AESTHETICS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

 

URBAN BODY AESTHETICS LTD

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1