Registered number
08620372
BEAUTIFUL INSIGHTS LTD
Filleted Accounts
31 December 2023
BEAUTIFUL INSIGHTS LTD
Registered number: 08620372
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,753 14,179
Current assets
Debtors 4 145,265 157,381
Cash at bank and in hand 32,206 49,264
177,471 206,645
Creditors: amounts falling due within one year 5 (120,491) (131,113)
Net current assets 56,980 75,532
Total assets less current liabilities 70,733 89,711
Creditors: amounts falling due after more than one year 6 (25,734) (35,595)
Net assets 44,999 54,116
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,899 54,016
Shareholders' funds 44,999 54,116
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
P Seabrook
Director
Approved by the board on 25 September 2024
BEAUTIFUL INSIGHTS LTD
Notes to the Accounts
for the year ended 31 December 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:
Fixtures, fittings, tools and equipment over 5 years
IT 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Fixtures and Fittings IT Equipment Total
£ £ £
Cost
At 1 January 2023 25,317 10,175 35,492
Additions 924 3,261 4,185
At 31 December 2023 26,241 13,436 39,677
Depreciation
At 1 January 2023 13,800 7,513 21,313
Charge for the year 2,511 2,100 4,611
At 31 December 2023 16,311 9,613 25,924
Net book value
At 31 December 2023 9,930 3,823 13,753
At 31 December 2022 11,517 2,662 14,179
4 Debtors 2023 2022
£ £
Trade debtors 144,945 155,941
Other debtors 320 1,440
145,265 157,381
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 56,584 37,860
Taxation and social security costs 63,907 67,510
Other creditors - 25,743
120,491 131,113
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,734 35,595
7 Other information
BEAUTIFUL INSIGHTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Nower End
Nower Road
Dorking
Surrey
RH4 3BX
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