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REGISTERED NUMBER: 04506195 (England and Wales)















Expressions of Beauty Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Expressions of Beauty Limited (Registered number: 04506195)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Expressions of Beauty Limited

Company Information
for the Year Ended 31 October 2023







Directors: Audrey Critchley
Sharon Louise Lee





Registered office: 161 Main Street
Billinge
Wigan
Lancashire
WN5 7PA





Registered number: 04506195 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Expressions of Beauty Limited (Registered number: 04506195)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 25,000 25,000
Tangible assets 5 270,989 272,075
295,989 297,075

Current assets
Stocks 58,237 57,022
Debtors 6 2,000 2,056
Cash at bank and in hand 30,818 30,784
91,055 89,862
Creditors
Amounts falling due within one year 7 158,248 133,903
Net current liabilities (67,193 ) (44,041 )
Total assets less current liabilities 228,796 253,034

Creditors
Amounts falling due after more than
one year

8

(98,985

)

(110,945

)

Provisions for liabilities 10 (4,254 ) (4,212 )
Net assets 125,557 137,877

Expressions of Beauty Limited (Registered number: 04506195)

Statement of Financial Position - continued
31 October 2023

2023 2022
Notes £    £    £    £   
Capital and reserves
Called up share capital 11 200 200
Retained earnings 125,357 137,677
Shareholders' funds 125,557 137,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Sharon Louise Lee - Director


Expressions of Beauty Limited (Registered number: 04506195)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. Statutory information

Expressions of Beauty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding Value Added Tax, of beauty therapy product sales and services provided by the company during the year.

Goodwill
Amortisation of goodwill has not been provided for by the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortisation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have amounted to £2,500 and the profit for the year reduced accordingly.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - over 50 years
Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stock is measured at cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Expressions of Beauty Limited (Registered number: 04506195)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 25,000
Net book value
At 31 October 2023 25,000
At 31 October 2022 25,000

Expressions of Beauty Limited (Registered number: 04506195)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. Tangible fixed assets
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 November 2022 264,033 98,988 - 363,021
Additions - 3,870 1,037 4,907
At 31 October 2023 264,033 102,858 1,037 367,928
Depreciation
At 1 November 2022 14,129 76,817 - 90,946
Charge for year 1,307 4,628 58 5,993
At 31 October 2023 15,436 81,445 58 96,939
Net book value
At 31 October 2023 248,597 21,413 979 270,989
At 31 October 2022 249,904 22,171 - 272,075

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 589 -
Other debtors 1,411 2,056
2,000 2,056

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 13,015 14,230
Trade creditors 4,171 6,032
Taxation and social security 23,804 17,873
Other creditors 117,258 95,768
158,248 133,903

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 98,985 110,945

Expressions of Beauty Limited (Registered number: 04506195)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 50,484 51,406

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,606 28,476
Between one and five years 15,316 7,290
37,922 35,766

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 4,254 4,212

Deferred
tax
£   
Balance at 1 November 2022 4,212
Charge to Statement of Income and Retained Earnings during year 42
Balance at 31 October 2023 4,254

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 2 200 200