Registered number
06224812
FM COSMETICS UK LTD
Filleted Accounts
30 October 2023
FM COSMETICS UK LTD
Registered number: 06224812
Balance Sheet
as at 30 October 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 6,628,524 11,774,011
Cash at bank and in hand 8,029,002 3,727,328
14,657,526 15,501,339
Creditors: amounts falling due within one year 4 (1,525,646) (2,245,857)
Net current assets 13,131,880 13,255,482
Net assets 13,131,880 13,255,482
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,131,780 13,255,382
Shareholders' funds 13,131,880 13,255,482
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anita Sieniuc
Director
Approved by the board on 22 July 2024
FM COSMETICS UK LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 85
3 Debtors 2023 2022
£ £
Other debtors 6,628,524 11,774,011
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 283,621 934,915
Taxation and social security costs 1,242,025 1,310,942
1,525,646 2,245,857
5 Other information
FM COSMETICS UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
226-228 King Street
London
W6 0RA
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