Registered number
12811543
SOPHISTICATEDD BEAUTY LIMITED
Filleted Accounts
31 August 2023
SOPHISTICATEDD BEAUTY LIMITED
Registered number: 12811543
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 666 832
Current assets
Debtors 4 2,531 267
Cash at bank and in hand 53 42
2,584 309
Creditors: amounts falling due within one year 5 (2,073) (1,110)
Net current assets/(liabilities) 511 (801)
Net assets 1,177 31
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,176 30
Shareholder's funds 1,177 31
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Miss S Bates
Director
Approved by the board on 09.08.2024
SOPHISTICATEDD BEAUTY LIMITED
Notes to the Accounts
for the year ended 31 August 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 1,300
At 31 August 2023 1,300
Depreciation
At 1 September 2022 468
Charge for the year 166
At 31 August 2023 634
Net book value
At 31 August 2023 666
At 31 August 2022 832
4 Debtors 2023 2022
£ £
Other debtors 2,531 267
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,352 750
Other creditors 721 360
2,073 1,110
6 Other information
SOPHISTICATEDD BEAUTY LIMITED is a private company limited by shares and incorporated in England & Wales. Its registered office is:
7 Granville Close
Rogerstone
Newport
NP10 9BP
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