Daisy Beau Ltd SC742179 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is hairdressing. Digita Accounts Production Advanced 6.30.9574.0 true true SC742179 2023-02-01 2024-01-31 SC742179 2024-01-31 SC742179 bus:OrdinaryShareClass1 2024-01-31 SC742179 core:CurrentFinancialInstruments 2024-01-31 SC742179 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC742179 core:FurnitureFittings 2024-01-31 SC742179 bus:SmallEntities 2023-02-01 2024-01-31 SC742179 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC742179 bus:AbridgedAccounts 2023-02-01 2024-01-31 SC742179 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC742179 bus:RegisteredOffice 2023-02-01 2024-01-31 SC742179 bus:Director1 2023-02-01 2024-01-31 SC742179 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC742179 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC742179 bus:Agent1 2023-02-01 2024-01-31 SC742179 core:FurnitureFittings 2023-02-01 2024-01-31 SC742179 core:PlantMachinery 2023-02-01 2024-01-31 SC742179 countries:Scotland 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC742179

Daisy Beau Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Daisy Beau Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Abridged Balance Sheet

5 to 6

Notes to the Unaudited Abridged Financial Statements

7 to 11

 

Daisy Beau Ltd

Company Information

Director

Mrs Annie Storrie

Registered office

28 Carronbank Crescent
Denny
Stirlingshire
FK6 6JF

Accountants

Tayler Morgan Ltd
3 Larch Street
Grangemouth
Falkirk
FK3 8PG

 

Daisy Beau Ltd

Director's Report for the Year Ended 31 January 2024

The director presents her report and the abridged financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mrs Annie Storrie

Principal activity

The principal activity of the company is hairdressing.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 August 2024
 

.........................................
Mrs Annie Storrie
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Daisy Beau Ltd
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Daisy Beau Ltd for the year ended 31 January 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Daisy Beau Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Daisy Beau Ltd and state those matters that we have agreed to state to the Board of Directors of Daisy Beau Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Daisy Beau Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Daisy Beau Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Daisy Beau Ltd. You consider that Daisy Beau Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Daisy Beau Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Tayler Morgan Ltd
3 Larch Street
Grangemouth
Falkirk
FK3 8PG

 

Daisy Beau Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2024

Note

2024
£

Turnover

 

174,883

Cost of sales

 

(103,608)

Gross profit

 

71,275

Administrative expenses

 

(49,731)

Operating profit

 

21,544

Profit before tax

4

21,544

Taxation

 

(3,572)

Profit for the financial year

 

17,972

Retained earnings brought forward

 

-

Dividends paid

 

(17,900)

Retained earnings carried forward

 

72

 

Daisy Beau Ltd

(Registration number: SC742179)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

2,745

Current assets

 

Debtors

9,271

Cash at bank and in hand

 

5,540

 

14,811

Creditors: Amounts falling due within one year

(16,489)

Net current liabilities

 

(1,678)

Total assets less current liabilities

 

1,067

Accruals and deferred income

 

(895)

Net assets

 

172

Capital and reserves

 

Called up share capital

6

100

Retained earnings

72

Shareholders' funds

 

172

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 5 August 2024
 

 

Daisy Beau Ltd

(Registration number: SC742179)
Abridged Balance Sheet as at 31 January 2024 (continued)

.........................................
Mrs Annie Storrie
Director

 

Daisy Beau Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
28 Carronbank Crescent
Denny
Stirlingshire
FK6 6JF
Scotland

These financial statements were authorised for issue by the director on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Daisy Beau Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Daisy Beau Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6.

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

Depreciation expense

586

 

Daisy Beau Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024 (continued)

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

3,331

3,331

At 31 January 2024

3,331

3,331

Depreciation

Charge for the year

586

586

At 31 January 2024

586

586

Carrying amount

At 31 January 2024

2,745

2,745

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

100

100

   

7

Dividends

2024

£

Interim dividend of £17,900.00 per ordinary share

17,900

 

8

Related party transactions

 

Daisy Beau Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024 (continued)

8

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

Remuneration

10,479