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REGISTERED NUMBER: 11059198 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FACEACE BEAUTY LTD

FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FACEACE BEAUTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Ms K H R Groom





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 11059198 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,105 7,419

CURRENT ASSETS
Stocks 2,750 3,500
Debtors 5 33,330 40,243
Cash at bank 2,304 -
38,384 43,743
CREDITORS
Amounts falling due within one year 6 33,415 33,664
NET CURRENT ASSETS 4,969 10,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,074

17,498

CREDITORS
Amounts falling due after more than one
year

7

(15,651

)

(25,681

)

PROVISIONS FOR LIABILITIES 9 (2,490 ) (1,410 )
NET LIABILITIES (67 ) (9,593 )

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings (168 ) (9,694 )
SHAREHOLDERS' FUNDS (67 ) (9,593 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Ms K H R Groom - Director


FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

FaceAce Beauty 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 33% on cost
Equipment - 20% on reducing balance
Computer equipment and software - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
Short and
leasehold Equipment software Totals
£    £    £    £   
COST
At 1 December 2022 17,787 12,282 5,019 35,088
Additions - 6,354 1,700 8,054
At 30 November 2023 17,787 18,636 6,719 43,142
DEPRECIATION
At 1 December 2022 17,787 7,688 2,194 27,669
Charge for year - 1,237 1,131 2,368
At 30 November 2023 17,787 8,925 3,325 30,037
NET BOOK VALUE
At 30 November 2023 - 9,711 3,394 13,105
At 30 November 2022 - 4,594 2,825 7,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 713 845
Directors' loan accounts 32,617 39,398
33,330 40,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 12,330
Corporation tax 11,077 10,945
Social security and other taxes 616 37
VAT 7,910 5,699
Other creditors 52 1,163
Accrued expenses 3,760 3,490
33,415 33,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,800
Bank loans - 2-5 years 5,651 15,881
15,651 25,681

FACEACE BEAUTY LTD (REGISTERED NUMBER: 11059198)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,651 35,481

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,490 1,410

Deferred
tax
£   
Balance at 1 December 2022 1,410
Provided during year 1,080
Balance at 30 November 2023 2,490

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
101 101

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Ms K H R Groom
Balance outstanding at start of year 39,398 41,008
Amounts advanced 39,071 63,998
Amounts repaid (45,852 ) (65,608 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,617 39,398

Interest at the official rates of 2 and 2.25% has been charged on the directors loan