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Registered number: 05101785

Facial Attraction (Skegness) Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Facial Attraction (Skegness) Ltd

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
DIRECTORS
Tina Ann Parvin
Lyndsey Eastwood (Resigned 01.05.2022)
REGISTERED OFFICE
Parview
5 Acres Crescent
Skegness
Lincolnshire
PE25 1FT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05101785
BANKERS
Barclays Bank Plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants & Tax Advisers
Elland House
22 High Street
Burgh le Marsh
Lincolnshire
PE24 5JT

Facial Attraction (Skegness) Ltd

ACCOUNTS
FOR THEYEARENDED29/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Facial Attraction (Skegness) Ltd

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets36312,297
CURRENT ASSETS
Stock18,27745,476
Debtors58212,931
Cash at bank and in hand87,09858,178
106,196106,585
CREDITORS: Amounts falling due within one year674,38259,834
NET CURRENT ASSETS31,81446,751
TOTAL ASSETS LESS CURRENT LIABILITIES32,44549,048
PROVISIONS FOR LIABILITIES AND CHARGES765370
NET ASSETS32,38048,678
CAPITAL AND RESERVES
Called up share capital855
Profit and loss account32,37548,673
SHAREHOLDERS' FUNDS32,38048,678
For the year ending 29/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/08/2024 and signed on their behalf by
.............................
Tina Ann Parvin
Director

Facial Attraction (Skegness) Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
2. EMPLOYEES
20242023
No.No.
Average number of employees23

Facial Attraction (Skegness) Ltd

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/03/202331636,86537,181
Disposals(316)(33,873)(34,189)
At 29/02/2024-2,9922,992
Depreciation
At 01/03/202331534,56934,884
Disposals(315)(32,419)(32,734)
For the year-211211
At 29/02/2024-2,3612,361
Net Book Amounts
At 29/02/2024-631631
At 28/02/202312,2962,297
4. STOCK 20242023
££
Stock comprises:
Stock18,27745,476
18,27745,476
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT-1,056
Prepayments8211,875
8212,931

Facial Attraction (Skegness) Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,691888
VAT7,950-
PAYE control25-
Directors current account45,99431,793
Bank loans and overdrafts172,823
Trade creditors14,12022,800
Accruals1,5851,530
74,38259,834
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation65370
65370
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
5 Ordinary shares of £1 each55
55
9. FINANCIAL COMMITMENTS
At 28 February 2022 the company had total commitments remaining under a lease expiring in March 2023 of £32,400.