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Registered number: 09456551
Aesthetics Chester Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09456551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,530 7,490
14,530 7,490
CURRENT ASSETS
Stocks 5 830 915
Debtors 6 31,572 15,868
Cash at bank and in hand 81,574 109,356
113,976 126,139
Creditors: Amounts Falling Due Within One Year 7 (19,137 ) (19,917 )
NET CURRENT ASSETS (LIABILITIES) 94,839 106,222
TOTAL ASSETS LESS CURRENT LIABILITIES 109,369 113,712
NET ASSETS 109,369 113,712
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 109,368 113,711
SHAREHOLDERS' FUNDS 109,369 113,712
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J E Bills
Director
15 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aesthetics Chester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09456551 . The registered office is Chester Wellness Centre Wrexham Road, Marlston-Cum-Lache, Chester, CH4 9DE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and the provision of health and beauty services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 13,793
Additions 13,140
As at 31 March 2024 26,933
Depreciation
As at 1 April 2023 6,303
Provided during the period 6,100
As at 31 March 2024 12,403
Net Book Value
As at 31 March 2024 14,530
As at 1 April 2023 7,490
5. Stocks
2024 2023
£ £
Materials 830 915
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 31,572 15,868
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,594 1,390
Other creditors 11,830 12,054
Taxation and social security 5,713 6,473
19,137 19,917
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The director has made an interest free loan available to the company throughout the period of £10,178 (2023 - £8,849), repayable on demand.
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