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
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
Precious About Makeup Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,959
2,611
Inventories
347,878
283,870
Cash at bank and in hand
56,418
70,388
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
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
Precious About Makeup Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 January 2024
1,319
640
1,959
At 31 January 2023
1,758
853
2,611
Precious About Makeup Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
14,100
92,644
Accrued income and prepayments
19,354
22,216
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
18,185
Trade creditors
26,459
77,145
Taxes and social security
10,374
2,210
Loans from directors
14,482
25,149
7
Creditors: amounts falling due after more than one year
2024
2023
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).