Company registration number 04043855 (England and Wales)
GODDESS HEALTH & BEAUTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
GODDESS HEALTH & BEAUTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
GODDESS HEALTH & BEAUTY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
4
10,833
13,333
Tangible assets
5
11,493
14,367
22,326
27,700
Current assets
Stocks
7,245
6,455
Debtors
6
5,771
17,437
Cash at bank and in hand
23,663
58,840
36,679
82,732
Creditors: amounts falling due within one year
7
(56,074)
(92,228)
Net current liabilities
(19,395)
(9,496)
Total assets less current liabilities
2,931
18,204
Creditors: amounts falling due after more than one year
8
(23,129)
(34,576)
Provisions for liabilities
(1,549)
-
0
Net liabilities
(21,747)
(16,372)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(21,749)
(16,374)
Total equity
(21,747)
(16,372)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

GODDESS HEALTH & BEAUTY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 March 2024 and are signed on its behalf by:
Penelope Christoforou
Director
Company Registration No. 04043855
GODDESS HEALTH & BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Goddess Health & Beauty Limited is a private company limited by shares incorporated in England and Wales. The registered office is 86 Golders Green Road, Golders Green, London, NW11 8LN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for products sold and services provided net of VAT.

 

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

 

 

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
- 20% per annum on written down value
Computer equipment
- 20% per annum on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

GODDESS HEALTH & BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

GODDESS HEALTH & BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.12
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
50,000
Amortisation and impairment
At 1 April 2022
36,667
Amortisation charged for the year
2,500
At 31 March 2023
39,167
Carrying amount
At 31 March 2023
10,833
At 31 March 2022
13,333
GODDESS HEALTH & BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
88,141
Depreciation and impairment
At 1 April 2022
73,774
Depreciation charged in the year
2,874
At 31 March 2023
76,648
Carrying amount
At 31 March 2023
11,493
At 31 March 2022
14,367
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
104
144
Other debtors
5,667
17,293
5,771
17,437
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
24,603
31,172
Taxation and social security
8,295
5,631
Other creditors
13,176
45,425
56,074
92,228
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
23,129
34,576
2023-03-312022-04-01false25 March 2024CCH SoftwareCCH Accounts Production 2023.100No description of principal activityChristina ChristoforouPenelope ChristoforouChristina Christoforou040438552022-04-012023-03-31040438552023-03-31040438552022-03-3104043855core:NetGoodwill2023-03-3104043855core:NetGoodwill2022-03-3104043855core:OtherPropertyPlantEquipment2023-03-3104043855core:OtherPropertyPlantEquipment2022-03-3104043855core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3104043855core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3104043855core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3104043855core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3104043855core:CurrentFinancialInstruments2023-03-3104043855core:CurrentFinancialInstruments2022-03-3104043855core:ShareCapital2023-03-3104043855core:ShareCapital2022-03-3104043855core:RetainedEarningsAccumulatedLosses2023-03-3104043855core:RetainedEarningsAccumulatedLosses2022-03-3104043855bus:Director12022-04-012023-03-3104043855core:Goodwill2022-04-012023-03-3104043855core:FurnitureFittings2022-04-012023-03-3104043855core:ComputerEquipment2022-04-012023-03-31040438552021-04-012022-03-3104043855core:NetGoodwill2022-03-3104043855core:NetGoodwill2022-04-012023-03-3104043855core:OtherPropertyPlantEquipment2022-03-3104043855core:OtherPropertyPlantEquipment2022-04-012023-03-3104043855core:WithinOneYear2023-03-3104043855core:WithinOneYear2022-03-3104043855core:Non-currentFinancialInstruments2023-03-3104043855core:Non-currentFinancialInstruments2022-03-3104043855bus:PrivateLimitedCompanyLtd2022-04-012023-03-3104043855bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104043855bus:FRS1022022-04-012023-03-3104043855bus:AuditExemptWithAccountantsReport2022-04-012023-03-3104043855bus:Director22022-04-012023-03-3104043855bus:CompanySecretary12022-04-012023-03-3104043855bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP