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REGISTERED NUMBER: 06685132 (England and Wales)















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: T J Martin
Mrs K J Thompson





REGISTERED OFFICE: Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ





REGISTERED NUMBER: 06685132 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
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 4 169,375 190,000
Tangible assets 5 171,632 203,327
341,007 393,327

CURRENT ASSETS
Stocks 20,693 21,353
Debtors 6 98,369 71,163
Cash at bank and in hand 75,653 50,830
194,715 143,346
CREDITORS
Amounts falling due within one year 7 296,129 293,107
NET CURRENT LIABILITIES (101,414 ) (149,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 239,593 243,566

CREDITORS
Amounts falling due after more than one
year

8

14,713

27,479
NET ASSETS 224,880 216,087

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,780 215,987
SHAREHOLDERS' FUNDS 224,880 216,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

Beauty Secrets Limited (Registered number: 06685132)

Balance Sheet - continued
31 December 2023


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 23 September 2024 and were signed on its behalf by:





Mrs K J Thompson - Director


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 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.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost, 15% on cost and in accordance with the property

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 41 (2022 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 December 2023 375,000
AMORTISATION
At 1 October 2022 185,000
Charge for period 20,625
At 31 December 2023 205,625
NET BOOK VALUE
At 31 December 2023 169,375
At 30 September 2022 190,000

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 383,781
Additions 706
At 31 December 2023 384,487
DEPRECIATION
At 1 October 2022 180,454
Charge for period 32,401
At 31 December 2023 212,855
NET BOOK VALUE
At 31 December 2023 171,632
At 30 September 2022 203,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Other debtors 98,369 71,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans and overdrafts 10,085 9,782
Trade creditors 68,680 96,835
Taxation and social security 121,790 85,029
Other creditors 95,574 101,461
296,129 293,107

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 30.9.22
£    £   
Bank loans 14,713 27,479

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.