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REGISTERED NUMBER: 04162142 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

NU YU COSMETICS LTD

NU YU COSMETICS LTD (REGISTERED NUMBER: 04162142)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NU YU COSMETICS LTD

COMPANY INFORMATION
for the Year Ended 28 February 2024







DIRECTORS: Dr J M Picton
K W Picton





SECRETARY:





REGISTERED OFFICE: Winslade
Lower Priory
Milford Haven
Pembrokeshire
SA73 3UB





REGISTERED NUMBER: 04162142 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

NU YU COSMETICS LTD (REGISTERED NUMBER: 04162142)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 776 1,035

CURRENT ASSETS
Stocks 30 30
Cash at bank - 516
30 546
CREDITORS
Amounts falling due within one year 5 (4,776 ) (10,806 )
NET CURRENT LIABILITIES (4,746 ) (10,260 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,970

)

(9,225

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,070 ) (9,325 )
(3,970 ) (9,225 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 5 September 2024 and were signed on its behalf by:





Dr J M Picton - Director


NU YU COSMETICS LTD (REGISTERED NUMBER: 04162142)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Nu Yu Cosmetics 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

NU YU COSMETICS LTD (REGISTERED NUMBER: 04162142)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 30,888
DEPRECIATION
At 1 March 2023 29,853
Charge for year 259
At 28 February 2024 30,112
NET BOOK VALUE
At 28 February 2024 776
At 28 February 2023 1,035

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 581 -
Other creditors 4,195 10,806
4,776 10,806

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2024 and 28 February 2023:

2024 2023
£    £   
Dr J M Picton and K W Picton
Balance outstanding at start of year 2,749 -
Amounts advanced 1,000 2,749
Amounts repaid (267 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,482 2,749