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Company Registration No. 07121441 (England and Wales)
Precious About Makeup Limited Unaudited accounts for the year ended 31 January 2024
Precious About Makeup Limited Unaudited accounts Contents
Page
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Precious About Makeup Limited Company Information for the year ended 31 January 2024
Directors
Katherine Anne Benton James Cameron Fyans Rachel Rose Lennon
Company Number
07121441 (England and Wales)
Registered Office
Precious About Make Up Unit 15 Alliance Court, Alliance Road London W3 0RB England
Accountants
Braant Ltd 20 to 22 Wenlock Road London N1 7GU
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Precious About Makeup Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,959 
2,611 
Current assets
Inventories
347,878 
283,870 
Debtors
33,454 
128,234 
Cash at bank and in hand
56,418 
70,388 
437,750 
482,492 
Creditors: amounts falling due within one year
(83,834)
(156,217)
Net current assets
353,916 
326,275 
Total assets less current liabilities
355,875 
328,886 
Creditors: amounts falling due after more than one year
(13,468)
(23,379)
Net assets
342,407 
305,507 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
342,405 
305,505 
Shareholders' funds
342,407 
305,507 
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
Katherine Anne Benton Director Company Registration No. 07121441
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Precious About Makeup Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Precious About Makeup Limited is a private company, limited by shares, registered in England and Wales, registration number 07121441. The registered office is Precious About Make Up, Unit 15, Alliance Court, Alliance Road, London, W3 0RB, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
17,710 
9,239 
26,949 
At 31 January 2024
17,710 
9,239 
26,949 
Depreciation
At 1 February 2023
15,952 
8,386 
24,338 
Charge for the year
439 
213 
652 
At 31 January 2024
16,391 
8,599 
24,990 
Net book value
At 31 January 2024
1,319 
640 
1,959 
At 31 January 2023
1,758 
853 
2,611 
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Precious About Makeup Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,100 
92,644 
Accrued income and prepayments
19,354 
22,216 
Other debtors
- 
13,374 
33,454 
128,234 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
18,185 
VAT
13,704 
33,040 
Trade creditors
26,459 
77,145 
Taxes and social security
10,374 
2,210 
Other creditors
369 
488 
Loans from directors
14,482 
25,149 
Accruals
7,798 
- 
83,834 
156,217 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,468 
23,379 
8
Transactions with related parties
The company received services from one director to the value of £18,000 during the year
9
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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