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REGISTERED NUMBER: 10616080 (England and Wales)















DIRECT BEAUTY UK LTD

Unaudited Financial Statements For The Year Ended 31 January 2024






DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

DIRECT BEAUTY UK LTD

Company Information
For The Year Ended 31 January 2024







DIRECTORS: Ms E L Davison
L Errington





SECRETARY:





REGISTERED OFFICE: 9 Arcot Drive
Whitley Bay
Tyne and Wear
NE25 9ED





REGISTERED NUMBER: 10616080 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 555 666

CURRENT ASSETS
Stocks 11,480 38,900
Debtors 5 5,937 8,993
Cash at bank 657,601 681,857
675,018 729,750
CREDITORS
Amounts falling due within one year 6 138,211 145,499
NET CURRENT ASSETS 536,807 584,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,362

584,917

PROVISIONS FOR LIABILITIES 8 105 126
NET ASSETS 537,257 584,791

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 537,255 584,789
SHAREHOLDERS' FUNDS 537,257 584,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Ms E L Davison - Director


DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Direct Beauty Uk 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the despatch of goods for internet sales or raising of a sales invoice when sold on credit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stock consists wholly of goods for resale. Net realisable value exceeds the value of the goods for resale.

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

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 240 320 1,456 2,016
DEPRECIATION
At 1 February 2023 150 150 1,050 1,350
Charge for year 13 17 81 111
At 31 January 2024 163 167 1,131 1,461
NET BOOK VALUE
At 31 January 2024 77 153 325 555
At 31 January 2023 90 170 406 666

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,084
Other debtors 5,937 909
5,937 8,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1,018 ) 780
Taxation and social security 12,523 21,719
Other creditors 126,706 123,000
138,211 145,499

Included in other creditors are amounts owed to the Directors, this year they were owed £119,394 (£101,037 - 2022).

7. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 105 126

DIRECT BEAUTY UK LTD (REGISTERED NUMBER: 10616080)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 126
Provided during year (21 )
Balance at 31 January 2024 105

DIRECT BEAUTY UK LTD

Report of the Accountants to the Directors of
Direct Beauty Uk Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


22 August 2024