Company registration number 07348024 (England and Wales)
YOUR BEAUTIQUE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2023
YOUR BEAUTIQUE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
YOUR BEAUTIQUE LTD
BALANCE SHEET
- 1 -
30 July 2023
30 September 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,938
3,259
Current assets
Stocks
3,000
2,500
Debtors
4
3,337
Cash at bank and in hand
39,673
8,195
42,673
14,032
Creditors: amounts falling due within one year
5
(32,407)
(12,746)
Net current assets
10,266
1,286
Total assets less current liabilities
13,204
4,545
Creditors: amounts falling due after more than one year
6
(3,081)
(4,436)
Net assets
10,123
109
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
10,023
9
Total equity
10,123
109
The notes on pages 3 to 5 form part of these financial statements.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 30 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 members have not required the company to obtain an audit of its financial statements for the period 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.
YOUR BEAUTIQUE LTD
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 6 June 2024
Mrs L E Foster
Director
Company registration number 07348024 (England and Wales)
YOUR BEAUTIQUE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2023
- 3 -
1
Accounting policies
Company information
Your Beautique Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Coppice Lifestyle And Garden Centre, Coppice Lane, Middleton, Tamworth, Staffordshire, United Kingdom, B78 2BU.
1.1
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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
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:
Plant and equipment
10% on cost
Fixtures and fittings
10% on cost
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.
YOUR BEAUTIQUE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 and 30 July 2023
11,637
Depreciation and impairment
At 1 October 2022
8,378
Depreciation charged in the period
321
At 30 July 2023
8,699
Carrying amount
At 30 July 2023
2,938
At 30 September 2022
3,259
YOUR BEAUTIQUE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2023
- 5 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
3,337
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,681
1,664
Taxation and social security
5,224
534
Other creditors
25,502
10,548
32,407
12,746
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
3,081
4,436
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mrs L Foster
-
3,337
22,522
(28,944)
(3,085)
3,337
22,522
(28,944)
(3,085)