Company registration number 12069769 (England and Wales)
Beauty Training Academy Yorkshire Ltd
Unaudited
financial statements
for the year ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
Beauty Training Academy Yorkshire Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Beauty Training Academy Yorkshire Ltd
Statement of financial position
as at 31 July 2023
31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,352
5,440
Current assets
Debtors
(1)
Cash at bank and in hand
9,084
7,755
9,083
7,755
Creditors: amounts falling due within one year
(12,424)
(11,042)
Net current liabilities
(3,341)
(3,287)
Net assets
1,011
2,153
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
911
2,053
Total equity
1,011
2,153
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 April 2024
P Lewis
Director
Company registration number 12069769 (England and Wales)
Beauty Training Academy Yorkshire Ltd
Notes to the financial statements
for the year ended 31 July 2023
- 2 -
1
Accounting policies
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.
The financial statements have been prepared under the historical cost convention,The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the provision of service obligation where a right to consideration is due.
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 and fittings
20% reducing balance basis
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
Beauty Training Academy Yorkshire Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2023
- 3 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 August 2022 and 31 July 2023
8,000
Depreciation and impairment
At 1 August 2022
2,560
Depreciation charged in the year
1,088
At 31 July 2023
3,648
Carrying amount
At 31 July 2023
4,352
At 31 July 2022
5,440
4
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
5
Company information
Beauty Training Academy Yorkshire Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3.1 Holmfield Mill, Holdsworth Road, Holmfield, Halifax, West Yorkshire, HX3 6SN.