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Registered Number: 13228081
England and Wales

 

 

 

NAILS CULTURE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Report to the directors on the preparation of the unaudited statutory accounts of NAILS CULTURE LTD for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NAILS CULTURE LTD for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of NAILS CULTURE LTD, as a body, in accordance with the terms of our engagement letter dated 04 October 2024 Our work has been undertaken solely to prepare for your approval the accounts of NAILS CULTURE LTD and state those matters that we have agreed to state to the Board of Directors of NAILS CULTURE LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NAILS CULTURE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NAILS CULTURE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NAILS CULTURE LTD. You consider that NAILS CULTURE LTD is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of NAILS CULTURE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
JGTAX LLP
30 Churchill Place
Canary Wharf
London
E14 5RE
04 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,141    7,746 
1,141    7,746 
Current assets      
Stocks 1,000    800 
Debtors 4,625    4,625 
Cash at bank and in hand 13,977    686 
19,602    6,111 
Creditors: amount falling due within one year (28,551)   (22,162)
Net current assets (8,949)   (16,051)
 
Total assets less current liabilities (7,808)   (8,305)
Net assets (7,808)   (8,305)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (7,908)   (8,405)
Shareholders' funds (7,808)   (8,305)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 04 October 2024 and were signed by:


-------------------------------
Linh Tran
Director
2
General Information
NAILS CULTURE LTD is a private company, limited by shares, registered in England and Wales, registration number 13228081, registration address 318 Stratford Road, Shirley, Solihull, B90 3DN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 years Straight Line
Fixtures and Fittings 3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 March 2023 2,371    11,979    14,350 
Additions    
Disposals    
At 29 February 2024 2,371    11,979    14,350 
Depreciation
At 01 March 2023 1,075    5,529    6,604 
Charge for year 1,076    5,529    6,605 
On disposals    
At 29 February 2024 2,151    11,058    13,209 
Net book values
Closing balance as at 29 February 2024 220    921    1,141 
Opening balance as at 01 March 2023 1,296    6,450    7,746 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3