Registered number
08715024
Peach Aesthetics Ltd
Filleted Accounts
31 October 2023
Peach Aesthetics Ltd
Registered number: 08715024
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 838 1,118
Current assets
Stocks 1,183 1,436
Debtors 4 2,717 2,584
Cash at bank and in hand 372 301
4,272 4,321
Creditors: amounts falling due within one year 5 (3,097) (5,617)
Net current assets/(liabilities) 1,175 (1,296)
Total assets less current liabilities 2,013 (178)
Creditors: amounts falling due after more than one year 6 (1,518) (2,509)
Net assets/(liabilities) 495 (2,687)
Capital and reserves
Called up share capital 100 100
Profit and loss account 395 (2,787)
Shareholders' funds 495 (2,687)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P D Severa
Director
Approved by the board on 10 July 2024
Peach Aesthetics Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% on a reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 3,655
At 31 October 2023 3,655
Depreciation
At 1 November 2022 2,537
Charge for the year 280
At 31 October 2023 2,817
Net book value
At 31 October 2023 838
At 31 October 2022 1,118
4 Debtors 2023 2022
£ £
Trade debtors 2,029 2,584
Other debtors 688 -
2,717 2,584
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,080 1,080
Taxation and social security costs 597 -
Other creditors 1,420 4,537
3,097 5,617
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,518 2,509
7 Controlling party
The company is controlled by Mrs Perrot Severa on the basis that she controls 100% of the issued share capital.
8 Other information
Peach Aesthetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Pennyweights
Kenley
CR8 5HB
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