PTP Accounts Production v24.2.0.383 09450078 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094500782023-02-28094500782024-02-29094500782023-03-012024-02-29094500782022-02-28094500782022-03-012023-02-28094500782023-02-2809450078ns15:EnglandWales2023-03-012024-02-2909450078ns14:PoundSterling2023-03-012024-02-2909450078ns10:Director12023-03-012024-02-2909450078ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909450078ns10:SmallEntities2023-03-012024-02-2909450078ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2909450078ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909450078ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909450078ns10:FullAccounts2023-03-012024-02-2909450078ns10:RegisteredOffice2023-03-012024-02-2909450078ns5:CurrentFinancialInstruments2024-02-2909450078ns5:CurrentFinancialInstruments2023-02-2809450078ns5:ShareCapital2024-02-2909450078ns5:ShareCapital2023-02-2809450078ns5:RetainedEarningsAccumulatedLosses2024-02-2909450078ns5:RetainedEarningsAccumulatedLosses2023-02-2809450078ns5:PlantMachinery2023-02-2809450078ns5:PlantMachinery2023-03-012024-02-2909450078ns5:PlantMachinery2024-02-2909450078ns5:PlantMachinery2023-02-2809450078ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2909450078ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 09450078 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

SB Selected Beauty Ltd

SB Selected Beauty Ltd (Registered number: 09450078)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SB Selected Beauty Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Barter





REGISTERED OFFICE: Linden End
Linden Gardens
Leatherhead
Surrey
KT22 7HB





REGISTERED NUMBER: 09450078 (England and Wales)





ACCOUNTANTS: Re-Counting LLP
Linden End
Linden Gardens
Leatherhead
Surrey
KT22 7HB

SB Selected Beauty Ltd (Registered number: 09450078)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 453 2,161

CURRENT ASSETS
Stocks 162,164 28,664
Debtors 5 135,456 135,296
Prepayments and accrued income 3,044 20,000
Cash at bank 849,323 1,011,080
1,149,987 1,195,040
CREDITORS
Amounts falling due within one year 6 (340,586 ) (392,969 )
NET CURRENT ASSETS 809,401 802,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,854

804,232

PROVISIONS FOR LIABILITIES - (541 )
NET ASSETS 809,854 803,691

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 809,853 803,690
SHAREHOLDER FUNDS 809,854 803,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SB Selected Beauty Ltd (Registered number: 09450078)

Statement of Financial Position - continued
29 February 2024


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 director and authorised for issue on 4 September 2024 and were signed by:





S Barter - Director


SB Selected Beauty Ltd (Registered number: 09450078)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

SB Selected Beauty 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.

The functional currency of SB Selected Beauty Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.

Revenue
Revenue - described as turnover - is measured as the value of goods (net of VAT) provided to customers during the period plus the value of any commission due (net of VAT) on deals completed in the period.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on commission sales once the conditions for its payment have been met.

Tangible fixed assets
Depreciation is provided, on a straight line basis, at the following annual rates in order to write off the cost less residual value of each asset over its estimated useful life: Equipment 3 years Furniture, fixtures and fillings 4 years.

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value) after making allowance for obsolete and slow moving items. Costs are based on a first in first out basis whilst overheads are charged to profit and loss as incurred. Borrowing costs are not capitalised.

When stock is sold the carrying amount of that stock is recognised as an expense in the period in which the revenue is recognised whilst write-downs of stock value and stock losses are recognised as an expense in the period in which such adjustment arises.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

SB Selected Beauty Ltd (Registered number: 09450078)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions denominated in foreign currencies (primarily purchases and associated sales) are initially recorded in sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result. Year end debtors and creditors are restated at the rates of exchange ruling at the balance sheet date with exchange differences included in arriving at profit before tax.

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 year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 16,809
Disposals (13,055 )
At 29 February 2024 3,754
DEPRECIATION
At 1 March 2023 14,648
Charge for year 1,708
Eliminated on disposal (13,055 )
At 29 February 2024 3,301
NET BOOK VALUE
At 29 February 2024 453
At 28 February 2023 2,161

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 60,456 131,751
Other debtors 75,000 3,545
135,456 135,296

SB Selected Beauty Ltd (Registered number: 09450078)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 218,220 107,285
Taxation and social security 119,191 282,450
Other creditors and accruals 3,175 3,234
340,586 392,969

7. ULTIMATE CONTROLLING PARTY

The controlling party is S Barter.