1 November 2022 false No description of principal activity Taxfiler 2024.4 07413072business:PrivateLimitedCompanyLtd2022-11-012023-10-31 074130722022-10-31 074130722022-11-012023-10-31 07413072business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 07413072business:FilletedAccounts2022-11-012023-10-31 074130722023-10-31 07413072business:Director12022-11-012023-10-31 07413072business:Director22022-11-012023-10-31 07413072business:CompanySecretary12022-11-012023-10-31 07413072business:RegisteredOffice2022-11-012023-10-31 074130722022-10-31 07413072core:WithinOneYear2023-10-31 07413072core:WithinOneYear2022-10-31 07413072core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 07413072core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 07413072core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 07413072core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 07413072core:PreviouslyStatedAmount2023-10-31 07413072core:PreviouslyStatedAmount2022-10-31 07413072business:SmallEntities2022-11-012023-10-31 07413072countries:EnglandWales2022-11-012023-10-31 07413072core:PlantMachinery2022-11-012023-10-31 07413072core:FurnitureFittings2022-11-012023-10-31 07413072core:ComputerEquipment2022-11-012023-10-31 07413072core:PlantMachinery2022-10-31 07413072core:FurnitureFittings2022-10-31 07413072core:ComputerEquipment2022-10-31 07413072core:PlantMachinery2023-10-31 07413072core:FurnitureFittings2023-10-31 07413072core:ComputerEquipment2023-10-31 07413072business:OrdinaryShareClass12022-11-012023-10-31 07413072business:OrdinaryShareClass12021-11-012022-10-31 074130722021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
SIA Beauty Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,356 
11,855 
Current assets
Inventories
4,400 
4,200 
Debtors
1,534,639 
1,347,826 
Cash at bank and in hand
97,877 
169,444 
1,636,916 
1,521,470 
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 
Capital and reserves
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
- 4 -
SIA Beauty Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
Presentation currency
The accounts are presented in GBP.
Turnover
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Pension costs
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.
Government grants
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
- 5 -
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 
Additions
- 
619 
- 
619 
At 31 October 2023
91,245 
28,140 
4,553 
123,938 
Depreciation
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 
Net book value
At 31 October 2023
5,078 
2,867 
1,411 
9,356 
At 31 October 2022
6,770 
3,203 
1,882 
11,855 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,190 
- 
Other debtors
1,525,449 
1,347,826 
1,534,639 
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 
Other creditors
- 
11 
Loans from directors
25,348 
16,803 
Accruals
35,889 
34,819 
150,847 
172,523 
7
Share capital
2023 
2022 
£ 
£ 
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).
- 6 -