Essense Beauty Limited 07283285 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of beautician services Digita Accounts Production Advanced 6.30.9574.0 true 07283285 2023-07-01 2024-06-30 07283285 2024-06-30 07283285 core:CurrentFinancialInstruments 2024-06-30 07283285 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07283285 core:FurnitureFittings 2024-06-30 07283285 core:OfficeEquipment 2024-06-30 07283285 bus:SmallEntities 2023-07-01 2024-06-30 07283285 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07283285 bus:FullAccounts 2023-07-01 2024-06-30 07283285 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07283285 bus:RegisteredOffice 2023-07-01 2024-06-30 07283285 bus:Director1 2023-07-01 2024-06-30 07283285 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07283285 core:FurnitureFittings 2023-07-01 2024-06-30 07283285 core:OfficeEquipment 2023-07-01 2024-06-30 07283285 countries:EnglandWales 2023-07-01 2024-06-30 07283285 2023-06-30 07283285 core:FurnitureFittings 2023-06-30 07283285 core:OfficeEquipment 2023-06-30 07283285 2022-07-01 2023-06-30 07283285 2023-06-30 07283285 core:CurrentFinancialInstruments 2023-06-30 07283285 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07283285 core:FurnitureFittings 2023-06-30 07283285 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 07283285

Essense Beauty Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Essense Beauty Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Essense Beauty Limited

(Registration number: 07283285)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

527

326

Current assets

 

Stocks

6

7,471

6,541

Debtors

7

-

893

Cash at bank and in hand

 

18,236

24,513

 

25,707

31,947

Creditors: Amounts falling due within one year

8

(25,615)

(32,152)

Net current assets/(liabilities)

 

92

(205)

Net assets

 

619

121

Capital and reserves

 

Called up share capital

100

100

Retained earnings

519

21

Shareholders' funds

 

619

121

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2024
 

.........................................
Ms Amanda Mary Parker
Director

 

Essense Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of beauty services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance basis

Office equipment

33% on cost

 

Essense Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Taxation

2024

2023

£

£

Corporation tax

1,242

1,743

Deferred tax

-

-

1,242

1,743

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 4).

 

Essense Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

1,663

2,412

4,075

Additions

-

329

329

At 30 June 2024

1,663

2,741

4,404

Depreciation

At 1 July 2023

1,337

2,412

3,749

Charge for the year

65

63

128

At 30 June 2024

1,402

2,475

3,877

Carrying amount

At 30 June 2024

261

266

527

At 30 June 2023

326

-

326

6

Stocks

2024
£

2023
£

Other inventories

7,471

6,541

7

Debtors

2024
£

2023
£

Prepayments

-

723

Other debtors

-

170

-

893

 

Essense Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

1,242

1,743

Other creditors

24,373

30,409

25,615

32,152

9

Related party transactions

Other transactions with the director

A M Parker had a loan with the company. At the balance sheet date the amount due to A M Parker was £19,323 (2023: £26,011).