The Beauty Mill Limited 5338726 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is beauty treatments. Digita Accounts Production Advanced 6.30.9574.0 true true 5338726 2023-02-01 2024-01-31 5338726 2024-01-31 5338726 bus:OrdinaryShareClass1 2024-01-31 5338726 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 5338726 core:LandBuildings core:LongLeaseholdAssets 2024-01-31 5338726 core:PlantMachinery 2024-01-31 5338726 bus:SmallEntities 2023-02-01 2024-01-31 5338726 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 5338726 bus:FilletedAccounts 2023-02-01 2024-01-31 5338726 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 5338726 bus:RegisteredOffice 2023-02-01 2024-01-31 5338726 bus:Director1 2023-02-01 2024-01-31 5338726 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 5338726 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 5338726 core:Buildings 2023-02-01 2024-01-31 5338726 core:LandBuildings core:LongLeaseholdAssets 2023-02-01 2024-01-31 5338726 core:PlantMachinery 2023-02-01 2024-01-31 5338726 countries:AllCountries 2023-02-01 2024-01-31 5338726 2023-01-31 5338726 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 5338726 core:PlantMachinery 2023-01-31 5338726 2022-02-01 2023-01-31 5338726 2023-01-31 5338726 bus:OrdinaryShareClass1 2023-01-31 5338726 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 5338726 core:LandBuildings core:LongLeaseholdAssets 2023-01-31 5338726 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 5338726

The Beauty Mill Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

The Beauty Mill Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

The Beauty Mill Limited

Company Information

Director

Mrs Sheila Lewis

Registered office

Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

Accountants

King Morter Proud and Co Ltd
Chartered Accountants
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

 

The Beauty Mill Limited

(Registration number: 5338726)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

601

Current assets

 

Cash at bank and in hand

 

4,060

6,643

Creditors: Amounts falling due within one year

5

(5,448)

(9,349)

Net current liabilities

 

(1,388)

(2,706)

Net liabilities

 

(1,388)

(2,105)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(1,389)

(2,106)

Shareholders' deficit

 

(1,388)

(2,105)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2024
 

.........................................
Mrs Sheila Lewis
Director

 

The Beauty Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Kings Arms Vaults
Watton
Brecon
Powys
LD3 7EF

These financial statements were authorised for issue by the director on 17 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

The Beauty Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% per annum on cost

Leasehold property

5% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

The Beauty Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Long leasehold land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 February 2023

6,073

5,745

11,818

At 31 January 2024

6,073

5,745

11,818

Depreciation

At 1 February 2023

5,472

5,745

11,217

Charge for the year

601

-

601

At 31 January 2024

6,073

5,745

11,818

Carrying amount

At 31 January 2024

-

-

-

At 31 January 2023

601

-

601

Included within the net book value of land and buildings above is £Nil (2023 - £601) in respect of long leasehold land and buildings.
 

 

The Beauty Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,272

1,224

Other creditors

4,176

8,125

5,448

9,349

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Dividends

2024

2023

£

£

 

 

8

Related party transactions

 

The Beauty Mill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

4,000

8,572