REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Beauty Secrets Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Beauty Secrets Limited |
Beauty Secrets Limited (Registered number: 06685132) |
Contents of the Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Beauty Secrets Limited |
Company Information |
for the Period 1 October 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chancery House |
41a Hanger Hill |
Weybridge |
Surrey |
KT13 9XZ |
Beauty Secrets Limited (Registered number: 06685132) |
Balance Sheet |
31 December 2023 |
31.12.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Beauty Secrets Limited (Registered number: 06685132) |
Balance Sheet - continued |
31 December 2023 |
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 |
Beauty Secrets Limited (Registered number: 06685132) |
Notes to the Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Beauty Secrets Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the balance sheet date the company had net current liabilities £101,414 (2022: £149,761). The financial statements have been prepared on the going concern basis which assumes the continuing support of the director to provide adequate working capital by not seeking repayment of amounts owed to them, and accordingly believe it appropriate to prepare the financial statements on the going concern basis. |
Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and discounts. |
Revenue is recognised at the point of sale of the goods and services. Revenue for gift vouchers is recognised at the point of sale and adjusted through deferred income when exchanged for goods and services. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery etc | - |
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 period 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. |
Beauty Secrets Limited (Registered number: 06685132) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2022 |
and 31 December 2023 |
AMORTISATION |
At 1 October 2022 |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
Beauty Secrets Limited (Registered number: 06685132) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.9.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.9.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 30.9.22 |
£ | £ |
Bank loans |
9. | RELATED PARTY DISCLOSURES |
During the period, total dividends of £2,000 (2022 - £4,000) were paid to the directors . |
Beauty Secrets Limited (Registered number: 06685132) |
Notes to the Financial Statements - continued |
for the Period 1 October 2022 to 31 December 2023 |
9. | RELATED PARTY DISCLOSURES - continued |
T Martin - a director |
At the year end the company owed £43,726 (2022: £55,780) to T Martin. |
Mrs K Thompson - a director |
At the year end the company was owed £13,096 (2022: £12,447) by Mrs K Thompson, which was repaid after the year end. |