Confident Bodies Limited 09734196 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Hairdressing And Other Beauty Treatment Digita Accounts Production Advanced 6.30.9574.0 true 09734196 2022-09-01 2023-08-31 09734196 2023-08-31 09734196 core:CurrentFinancialInstruments 2023-08-31 09734196 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09734196 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09734196 core:FurnitureFittings 2023-08-31 09734196 core:PlantMachinery 2023-08-31 09734196 bus:SmallEntities 2022-09-01 2023-08-31 09734196 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09734196 bus:FilletedAccounts 2022-09-01 2023-08-31 09734196 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09734196 bus:RegisteredOffice 2022-09-01 2023-08-31 09734196 bus:CompanySecretary1 2022-09-01 2023-08-31 09734196 bus:Director2 2022-09-01 2023-08-31 09734196 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09734196 core:FurnitureFittings 2022-09-01 2023-08-31 09734196 core:OfficeEquipment 2022-09-01 2023-08-31 09734196 core:PlantMachinery 2022-09-01 2023-08-31 09734196 countries:England 2022-09-01 2023-08-31 09734196 2022-08-31 09734196 core:FurnitureFittings 2022-08-31 09734196 core:PlantMachinery 2022-08-31 09734196 2021-09-01 2022-08-31 09734196 2022-08-31 09734196 core:CurrentFinancialInstruments 2022-08-31 09734196 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09734196 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09734196 core:FurnitureFittings 2022-08-31 09734196 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 09734196

Confident Bodies Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 August 2023

 

Confident Bodies Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Confident Bodies Limited

Company Information

Director

Mrs Gail Louise Fisher

Company secretary

Mrs Joan Devaney

Registered office

30 Whitgreave Street
West Bromwich
West Midlands
B70 9BA

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

Confident Bodies Limited

(Registration number: 09734196)
Abridged Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,234

1,773

Current assets

 

Stocks

5

614

360

Debtors

6

11,531

61,621

Cash at bank and in hand

 

742

94

 

12,887

62,075

Prepayments and accrued income

 

740

(190)

Creditors: Amounts falling due within one year

(13,537)

(64,377)

Net current assets/(liabilities)

 

90

(2,492)

Total assets less current liabilities

 

2,324

(719)

Creditors: Amounts falling due after more than one year

(50,000)

(50,000)

Provisions for liabilities

-

322

Accruals and deferred income

 

(962)

-

Net liabilities

 

(48,638)

(50,397)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(48,738)

(50,497)

Shareholders' deficit

 

(48,638)

(50,397)

For the financial year ending 31 August 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 her 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.

 

Confident Bodies Limited

(Registration number: 09734196)
Abridged Balance Sheet as at 31 August 2023

Approved and authorised by the director on 16 April 2024
 

.........................................
Mrs Gail Louise Fisher
Director

 

Confident Bodies Limited

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

1

General information

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

The address of its registered office is:
30 Whitgreave Street
West Bromwich
West Midlands
B70 9BA

These financial statements were authorised for issue by the director on 16 April 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.

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.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Confident Bodies Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

20% on cost

Plant & Machinery

25% on cost

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

 

Confident Bodies Limited

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 September 2022

67,469

579

68,048

Additions

2,010

-

2,010

Disposals

(1,194)

-

(1,194)

At 31 August 2023

68,285

579

68,864

Depreciation

At 1 September 2022

66,203

72

66,275

Charge for the year

210

145

355

At 31 August 2023

66,413

217

66,630

Carrying amount

At 31 August 2023

1,872

362

2,234

At 31 August 2022

1,266

507

1,773

5

Stocks

2023
£

2022
£

Other inventories

614

360

6

Debtors

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