Company Registration No. 11417968 (England and Wales)
BME SALON LIMITED
Unaudited accounts
for the year ended 30 June 2023
BME SALON LIMITED
Unaudited accounts
Contents
BME SALON LIMITED
Company Information
for the year ended 30 June 2023
Company Number
11417968 (England and Wales)
Registered Office
43 LYPPIATT ROAD
BRISTOL
BS5 9HW
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
BME SALON LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
244,835
16,421
Cash at bank and in hand
58,924
103,350
Creditors: amounts falling due within one year
(115,622)
(91,285)
Net current (liabilities)/assets
(41,828)
30,489
Total assets less current liabilities
203,163
47,612
Creditors: amounts falling due after more than one year
(152,250)
-
Provisions for liabilities
Deferred tax
(3,943)
(3,229)
Called up share capital
10
10
Profit and loss account
46,960
44,373
Shareholders' funds
46,970
44,383
For the year ending 30 June 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 his 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 8 March 2024 and were signed on its behalf by
Mr B Ebrahimi
Director
Company Registration No. 11417968
BME SALON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
BME SALON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11417968. The registered office is 43 LYPPIATT ROAD, BRISTOL, BS5 9HW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
10% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BME SALON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Government grants in relation to covid assistance are credited to profit and loss using the accrual model and are included in Other operating income.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
Costs capitalised represent the development of a new website that went live in 2019 and is amortised over four years on a straight line basis.
BME SALON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
6,996
17,845
1,856
26,697
Additions
228,206
6,185
1,503
235,894
At 30 June 2023
235,202
24,030
3,109
262,341
At 1 July 2022
4,197
5,167
912
10,276
Charge for the year
4,441
2,317
622
7,380
On disposals
-
-
(150)
(150)
At 30 June 2023
8,638
7,484
1,384
17,506
At 30 June 2023
226,564
16,546
1,725
244,835
At 30 June 2022
2,799
12,678
944
16,421
Finished goods
7,446
6,572
Amounts falling due within one year
Accrued income and prepayments
2,834
522
Amounts falling due after more than one year
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,828
1,364
Taxes and social security
33,807
30,140
Other creditors
2,229
1,431
Loans from directors
72,145
56,737
BME SALON LIMITED
Notes to the Accounts
for the year ended 30 June 2023
9
Creditors: amounts falling due after more than one year
2023
2022
10
Deferred taxation
2023
2022
Accelerated capital allowances
3,958
3,229
Other deferred taxation
(15)
-
Provision at start of year
3,229
3,915
Charged/(credited) to the profit and loss account
714
(686)
Provision at end of year
3,943
3,229
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
12
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
6,875
13
Average number of employees
During the year the average number of employees was 5 (2022: 4).