Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01No description of principal activity74falsetrue 11104608 2023-01-01 2023-12-31 11104608 2022-01-01 2022-12-31 11104608 2023-12-31 11104608 2022-12-31 11104608 c:Director1 2023-01-01 2023-12-31 11104608 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 11104608 d:Buildings d:LongLeaseholdAssets 2023-12-31 11104608 d:Buildings d:LongLeaseholdAssets 2022-12-31 11104608 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 11104608 d:PlantMachinery 2023-01-01 2023-12-31 11104608 d:PlantMachinery 2023-12-31 11104608 d:PlantMachinery 2022-12-31 11104608 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11104608 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11104608 d:CurrentFinancialInstruments 2023-12-31 11104608 d:CurrentFinancialInstruments 2022-12-31 11104608 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11104608 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11104608 d:ShareCapital 2023-12-31 11104608 d:ShareCapital 2022-12-31 11104608 d:RetainedEarningsAccumulatedLosses 2023-12-31 11104608 d:RetainedEarningsAccumulatedLosses 2022-12-31 11104608 c:FRS102 2023-01-01 2023-12-31 11104608 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11104608 c:FullAccounts 2023-01-01 2023-12-31 11104608 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11104608









EMBASSY OF BEAUTY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
EMBASSY OF BEAUTY LIMITED
REGISTERED NUMBER: 11104608

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
150,349
174,250

  
150,349
174,250

Current assets
  

Stocks
  
99,414
48,283

Debtors: amounts falling due within one year
 5 
181,268
8,956

Cash at bank and in hand
  
369,043
856,448

  
649,725
913,687

Creditors: amounts falling due within one year
 6 
(667,197)
(1,046,657)

Net current liabilities
  
 
 
(17,472)
 
 
(132,970)

Total assets less current liabilities
  
132,877
41,280

  

Net assets
  
132,877
41,280


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
132,777
41,180

  
132,877
41,280


Page 1

 
EMBASSY OF BEAUTY LIMITED
REGISTERED NUMBER: 11104608
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2024.




T Fieldgrass
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EMBASSY OF BEAUTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Embassy of Beauty Limited is private company limited by shares and registered in England & Wales.The address of its registered office is 3 Kensington Church Street, London, W8 4LB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
EMBASSY OF BEAUTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Taxation

The tax expense for the year comprises current and deferred tax. 
The current 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 United Kingdom.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Straight Line Method
Plant and machinery
-
10%
Straight Line Method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a unit cost basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
EMBASSY OF BEAUTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. 

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 4).

Page 5

 
EMBASSY OF BEAUTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 January 2023
215,428
82,344
297,772


Additions
-
6,529
6,529



At 31 December 2023

215,428
88,873
304,301



Depreciation


At 1 January 2023
89,974
33,548
123,522


Charge for the year on owned assets
21,543
8,887
30,430



At 31 December 2023

111,517
42,435
153,952



Net book value



At 31 December 2023
103,911
46,438
150,349



At 31 December 2022
125,454
48,796
174,250


5.


Debtors

2023
2022
£
£


Trade debtors
178,900
-

Other debtors
100
2,536

Prepayments
2,268
6,420

181,268
8,956


Page 6

 
EMBASSY OF BEAUTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
291,092
38,016

Amounts owed to group undertakings
234,819
937,938

Corporation tax
65,576
-

Other taxation and social security
66,708
55,651

Other creditors
4,372
1,868

Accruals
4,630
13,184

667,197
1,046,657



7.


Related party transactions

At the financial year end date, the company owed £234,819 to group entities (2022 : £937,938). 


8.


Controlling party

The company's ultimate controlling party is Natteo Limited by virtue of ownership of 100% of the issued
share capital in the company.

 
Page 7