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REGISTERED NUMBER: 08396137 (England and Wales)












Unaudited Financial Statements for the Year Ended 29 February 2024

for

Beauty Bureau E.A. Ltd

Beauty Bureau E.A. Ltd (Registered number: 08396137)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Beauty Bureau E.A. Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Ms K Stepanyuk
Ms T Ryklina
Ms A M Ryklin





REGISTERED OFFICE: 327 Kings Road
London
SW3 5ES





REGISTERED NUMBER: 08396137 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

Beauty Bureau E.A. Ltd (Registered number: 08396137)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,012 75,288

CURRENT ASSETS
Debtors 5 32,131 119,871
Cash at bank 46,400 2,685
78,531 122,556
CREDITORS
Amounts falling due within one year 6 1,411,534 1,357,736
NET CURRENT LIABILITIES (1,333,003 ) (1,235,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,290,991

)

(1,159,892

)

CREDITORS
Amounts falling due after more than one year 7 109,030 -
NET LIABILITIES (1,400,021 ) (1,159,892 )

CAPITAL AND RESERVES
Called up share capital 11,112 11,112
Share premium 661,389 661,389
Retained earnings (2,072,522 ) (1,832,393 )
(1,400,021 ) (1,159,892 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Ms A M Ryklin - Director


Beauty Bureau E.A. Ltd (Registered number: 08396137)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Beauty Bureau E.A. Ltd 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.

The company's functional and presentational currency is GBP and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Cost includes the purchase cost and all other costs necessary to bring it in present location and conditions.

Depreciation is provided at the following annual rates in order to write off the cost less eliminated residual value of each asset over its estimated useful life.

Leasehold land and buildings Straight line over lease term
Plant and machinery 20% straight line method
Fixtures, fittings, tolls and equipment 25% straight line method
Motor vehicles 25% straight line method

The lease term is 10 years.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company does not have long term creditors.

Cash and cash equivalents
Cash and cash equivalents comprise cash in hand and cash held on demand with banks.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Beauty Bureau E.A. Ltd (Registered number: 08396137)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net current liabilities of £1,333,878 (2023: £1,235,180) and during the year the company made a loss of £241,004 (2023: loss of £244,614).
The directors consider the going concern basis to be appropriate due to the fact that the controlling party has expressed his willingness to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its obligations.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 March 2023 318,735 13,500 13,880 346,115
Additions - 993 1,117 2,110
At 29 February 2024 318,735 14,493 14,997 348,225
DEPRECIATION
At 1 March 2023 254,365 3,375 13,087 270,827
Charge for year 31,873 2,832 681 35,386
At 29 February 2024 286,238 6,207 13,768 306,213
NET BOOK VALUE
At 29 February 2024 32,497 8,286 1,229 42,012
At 28 February 2023 64,370 10,125 793 75,288

Beauty Bureau E.A. Ltd (Registered number: 08396137)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,671 13,821
Called up share capital not paid 1,112 1,112
Prepayments 22,348 104,938
32,131 119,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 8,743
Trade creditors 5,144 18,598
Social security and other taxes 6,552 9,113
Pensions 1,397 855
VAT 19,865 13,476
Other creditors 350,000 350,000
Amount owed to related parties 499,100 499,100
Net pay control 23,272 35,594
Clients' deposit 3,955 3,955
Directors' loan accounts 474,852 409,852
Accrued expenses 27,397 8,450
1,411,534 1,357,736

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.2428.2.24
££
Loan principle 106,878-
Loan interest accrued 2,152-
109,030-


The company entered into a loan agreement with Tianjin Diaotong Trade Co. Limited on 5th July 2023.

The principle value of the loan is £500,000 and under the terms of the agreement, the principle amount may be paid to the company and repaid to the lender in installments. In exchange for the use of the borrowed amount, the company is liable to pay a loan interest rate of 4.5% per annum which will be repayable along with the loan principle amount on the expiry date of the loan.

Both the principle amount borrowed plus the loan interest accrued is repayable to Tianjin Diaotong Trade Co. Limited on 7th July 2026.

Beauty Bureau E.A. Ltd (Registered number: 08396137)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following balances to its directors:

29/02/2024 28/02/2023
£    £   
Ms Irina Alabina 0 0
Ms Anna Maria Ryklin 324,852 259,852
Ms Ekaterina Kononenko 0 0
Ms Kira Stepanyuk 150,000 150,000
Total 474,852 409,852

Ekaterina Kononenko and Irina Alabina resigned of being the directors of the company. The balances owed by the company to Kononenko and Alabina are shown in Other creditors.
During the year the director Ms Anna Maria Ryklin made interest-free payments of £65,000 to fund purchase and admin expenses of the company.
At the balance sheet date the company owed £499,100 to UK Sakurami International LLC (2023: £499,100), the company under common control, in relation to franchise fees, purchase and administration expenses.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms Anna Maria Ryklin by virtue of her interest in the issued share capital of the company.