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REGISTERED NUMBER: 13753878 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Azalea Beauty Limited

Azalea Beauty Limited (Registered number: 13753878)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Azalea Beauty Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs S L Priley





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 13753878 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Azalea Beauty Limited (Registered number: 13753878)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,872 30,432

CURRENT ASSETS
Stocks 6 6,705 12,460
Debtors 7 17,243 1,159
Cash at bank and in hand 981 12,894
24,929 26,513
CREDITORS
Amounts falling due within one year 8 52,077 50,289
NET CURRENT LIABILITIES (27,148 ) (23,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,276

)

6,656

PROVISIONS FOR LIABILITIES 4,916 5,427
NET (LIABILITIES)/ASSETS (6,192 ) 1,229

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,292 ) 1,129
(6,192 ) 1,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Azalea Beauty Limited (Registered number: 13753878)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





Mrs S L Priley - Director


Azalea Beauty Limited (Registered number: 13753878)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Azalea Beauty 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Azalea Beauty Limited (Registered number: 13753878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,490 30,901 846 756 34,993
DEPRECIATION
At 1 April 2023 623 3,517 169 252 4,561
Charge for year 622 3,517 169 252 4,560
At 31 March 2024 1,245 7,034 338 504 9,121
NET BOOK VALUE
At 31 March 2024 1,245 23,867 508 252 25,872
At 31 March 2023 1,867 27,384 677 504 30,432

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 6,705 12,460

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,159
Amounts owed by associates 14,800 -
Other debtors 2,443 -
17,243 1,159

Azalea Beauty Limited (Registered number: 13753878)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 13,371 -
Tax (12 ) 1,922
Social security and other taxes 470 365
VAT 5,213 4,353
Other creditors 256 129
Directors' current accounts 28,597 43,520
Prepaid income 4,182 -
52,077 50,289