Company Registration No. 07413072 (England and Wales)
SIA Beauty Limited
Unaudited accounts
for the year ended 31 October 2023
SIA Beauty Limited
Unaudited accounts
Contents
SIA Beauty Limited
Company Information
for the year ended 31 October 2023
Directors
Mrs Nimisha Mamtora
Mr Tushar Bhagvanji Mamtora
Secretary
Mrs Nimisha Mamtora
Company Number
07413072 (England and Wales)
Registered Office
8 Fulham Broadway
London
SW6 1AA
England
SIA Beauty Limited
Statement of financial position
as at 31 October 2023
Tangible assets
9,356
11,855
Debtors
1,534,639
1,347,826
Cash at bank and in hand
97,877
169,444
Creditors: amounts falling due within one year
(150,847)
(172,523)
Net current assets
1,486,069
1,348,947
Net assets
1,495,425
1,360,802
Called up share capital
2
2
Profit and loss account
1,495,423
1,360,800
Shareholders' funds
1,495,425
1,360,802
For the year ending 31 October 2023 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 31 July 2024 and were signed on its behalf by
Mr Tushar Bhagvanji Mamtora
Director
Company Registration No. 07413072
SIA Beauty Limited
Notes to the Accounts
for the year ended 31 October 2023
SIA Beauty Limited is a private company, limited by shares, registered in England and Wales, registration number 07413072. The registered office is 8 Fulham Broadway, London, SW6 1AA, 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 financial statements have been prepared in accordance with provisions of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland applicable to small entities
The accounts are presented in GBP.
Turnover is stated net of value added tax and trade discounts. Turnover is recognised on a receivable basis
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% on a reducing balance basis
Fixtures & fittings
25% on a reducing balance basis
Computer equipment
25% on a reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its directors and employees. Contributions payable are recognised in the profit and loss account when due.
Grants received in relation to the Coronavirus Job Retention Scheme have been offset against employee costs.
Grants received for Business Rates Relief and Small Business Grant Fund are recognised in the profit and loss account as
other income
SIA Beauty Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
91,245
27,521
4,553
123,319
At 31 October 2023
91,245
28,140
4,553
123,938
At 1 November 2022
84,475
24,318
2,671
111,464
Charge for the year
1,692
955
471
3,118
At 31 October 2023
86,167
25,273
3,142
114,582
At 31 October 2023
5,078
2,867
1,411
9,356
At 31 October 2022
6,770
3,203
1,882
11,855
Amounts falling due within one year
Accrued income and prepayments
9,190
-
Other debtors
1,525,449
1,347,826
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
26,507
35,821
Trade creditors
(11,562)
42,707
Taxes and social security
74,665
42,362
Loans from directors
25,348
16,803
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
Included within Debtors are amounts due from Silver Imitation Ltd, Rescom Ltd and Devonshire Property Enterprises Ltd. Mr Tushar Mamtora and Mrs Nimisha Mamtora are shareholders and directors of each of these companies. The loans are unsecured and interest free.
9
Average number of employees
During the year the average number of employees was 16 (2022: 21).