Company Registration No. 09939149 (England and Wales)
Beautii Limited
Unaudited financial statements
For the year ended 30 June 2023
Pages for filing with registrar
BEAUTII LIMITED
Beautii Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BEAUTII LIMITED
Beautii Limited
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
9,518
11,898
Current assets
Debtors
5
56,217
67,791
Cash at bank and in hand
9,097
35,926
65,314
103,717
Creditors: amounts falling due within one year
6
(283,210)
(318,692)
Net current liabilities
(217,896)
(214,975)
Total assets less current liabilities
(208,378)
(203,077)
Creditors: amounts falling due after more than one year
7
(24,243)
(43,121)
Net liabilities
(232,621)
(246,198)
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
(232,721)
(246,298)
Total equity
(232,621)
(246,198)

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 30 June 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.

BEAUTII LIMITED
Beautii Limited
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 March 2024 and are signed on its behalf by:
C Hayes
Director
Company Registration No. 09939149
BEAUTII LIMITED
Beautii Limited
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023
30 June 2023
- 3 -
1
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.

2
Accounting policies
Company information

Beautii Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

2.1
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is fees receivable for beauty, hair, makeup and luxe services.

2.3
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:

Plant and equipment
20% reducing balance

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.

2.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

BEAUTII LIMITED
Beautii Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
2
Accounting policies
(Continued)
- 4 -

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.

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

2.5
Retirement benefits

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

2.6
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.

3
Employees

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

2023
2022
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 and 30 June 2023
45,392
Depreciation and impairment
At 1 July 2022
33,494
Depreciation charged in the year
2,380
At 30 June 2023
35,874
Carrying amount
At 30 June 2023
9,518
At 30 June 2022
11,898
BEAUTII LIMITED
Beautii Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
22,594
54,979
Other debtors
33,623
12,812
56,217
67,791
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
11,176
3,475
Trade creditors
22,201
46,481
Taxation and social security
47,767
37,281
Other creditors
202,066
231,455
283,210
318,692
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
24,243
43,121
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2023-06-302022-07-01false22 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityC HayesJ Hayesfalse09939149099391492022-07-012023-06-30099391492023-06-30099391492022-06-3009939149core:OtherPropertyPlantEquipment2023-06-3009939149core:OtherPropertyPlantEquipment2022-06-3009939149core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3009939149core:CurrentFinancialInstrumentscore:WithinOneYear2022-06-3009939149core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3009939149core:Non-currentFinancialInstrumentscore:AfterOneYear2022-06-3009939149core:CurrentFinancialInstruments2023-06-3009939149core:CurrentFinancialInstruments2022-06-3009939149core:ShareCapital2023-06-3009939149core:ShareCapital2022-06-3009939149core:RetainedEarningsAccumulatedLosses2023-06-3009939149core:RetainedEarningsAccumulatedLosses2022-06-3009939149bus:Director12022-07-012023-06-3009939149core:PlantMachinery2022-07-012023-06-30099391492021-07-012022-06-3009939149core:OtherPropertyPlantEquipment2022-06-3009939149core:OtherPropertyPlantEquipment2022-07-012023-06-3009939149core:WithinOneYear2023-06-3009939149core:WithinOneYear2022-06-3009939149core:Non-currentFinancialInstruments2023-06-3009939149core:Non-currentFinancialInstruments2022-06-3009939149bus:PrivateLimitedCompanyLtd2022-07-012023-06-3009939149bus:SmallCompaniesRegimeForAccounts2022-07-012023-06-3009939149bus:FRS1022022-07-012023-06-3009939149bus:AuditExemptWithAccountantsReport2022-07-012023-06-3009939149bus:Director22022-07-012023-06-3009939149bus:FullAccounts2022-07-012023-06-30xbrli:purexbrli:sharesiso4217:GBP