0 false false false false false false false false false false true false false false false true false No description of principal activity 2022-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,810 1,250 6,060 1,126 1,203 2,329 3,731 3,684 xbrli:pure xbrli:shares iso4217:GBP 11360472 2022-06-01 2023-05-31 11360472 2023-05-31 11360472 2022-05-31 11360472 2021-06-01 2022-05-31 11360472 2022-05-31 11360472 2021-05-31 11360472 bus:Director1 2022-06-01 2023-05-31 11360472 core:WithinOneYear 2023-05-31 11360472 core:WithinOneYear 2022-05-31 11360472 core:ShareCapital 2023-05-31 11360472 core:ShareCapital 2022-05-31 11360472 core:RetainedEarningsAccumulatedLosses 2023-05-31 11360472 core:RetainedEarningsAccumulatedLosses 2022-05-31 11360472 bus:SmallEntities 2022-06-01 2023-05-31 11360472 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11360472 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 11360472 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11360472 bus:FullAccounts 2022-06-01 2023-05-31 11360472 core:ComputerEquipment 2022-06-01 2023-05-31 11360472 core:ComputerEquipment 2022-05-31 11360472 core:ComputerEquipment 2023-05-31
COMPANY REGISTRATION NUMBER: 11360472
Renatus Beauty Limited
Filleted Unaudited Financial Statements
31 May 2023
Renatus Beauty Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
3,731
3,684
Current assets
Stocks
3,525
5,372
Cash at bank and in hand
36,440
24,486
---------
---------
39,965
29,858
Creditors: amounts falling due within one year
5
7,285
10,907
---------
---------
Net current assets
32,680
18,951
---------
---------
Total assets less current liabilities
36,411
22,635
---------
---------
Net assets
36,411
22,635
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
36,311
22,535
---------
---------
Shareholder funds
36,411
22,635
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Renatus Beauty Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 13 February 2024 , and are signed on behalf of the board by:
Ms N L Meek
Director
Company registration number: 11360472
Renatus Beauty Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cawston Manor, Coventry Road, Cawston, Rugby, CV22 7RZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks of retail goods are stated at cost.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Tangible assets
Equipment
£
Cost
At 1 June 2022
4,810
Additions
1,250
---------
At 31 May 2023
6,060
---------
Depreciation
At 1 June 2022
1,126
Charge for the year
1,203
---------
At 31 May 2023
2,329
---------
Carrying amount
At 31 May 2023
3,731
---------
At 31 May 2022
3,684
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
3,849
3,676
Other creditors
3,436
7,231
---------
---------
7,285
10,907
---------
---------
6. Director's advances, credits and guarantees
The advance from the director at the balance sheet was £2,716 (2022 - to £5,971)