Registered number
10814105
Finesse Aesthetics Ltd
Filleted Accounts
30 June 2024
Finesse Aesthetics Ltd
Registered number: 10814105
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,375 2,168
2,375 2,168
Current assets
Stocks 500 500
Debtors - 107
Cash at bank and in hand 3,565 8,671
4,065 9,278
Creditors: amounts falling due within one year 4 (2,768) (2,838)
Net current assets 1,297 6,440
Total assets less current liabilities 3,672 8,608
Creditors: amounts falling due after more than one year 5 (3,000) (8,000)
Net assets 672 608
Capital and reserves
Called up share capital 100 100
Profit and loss account 572 508
Shareholder's funds 672 608
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Amanda Yates
Director
Approved by the board on 9 August 2024
Finesse Aesthetics Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against other future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 July 2023 4,783 4,783
Additions 999 999
At 30 June 2024 5,782 5,782
Depreciation
At 1 July 2023 2,615 2,615
Charge for the year 792 792
At 30 June 2024 3,407 3,407
Net book value
At 30 June 2024 2,375 2,375
At 30 June 2023 2,168 2,168
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,018 1,953
Other creditors 750 885
2,768 2,838
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,000 8,000
3,000 8,000
6 Other information
Finesse Aesthetics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Bosman Close
Maidstone
Kent
ME16 9AG
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