7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08613649 2023-02-01 2024-01-31 08613649 2024-01-31 08613649 2023-01-31 08613649 2022-02-01 2023-01-31 08613649 2023-01-31 08613649 2022-01-31 08613649 core:LandBuildings core:ShortLeaseholdAssets 2023-02-01 2024-01-31 08613649 core:FurnitureFittings 2023-02-01 2024-01-31 08613649 bus:Director1 2023-02-01 2024-01-31 08613649 core:LandBuildings 2023-01-31 08613649 core:FurnitureFittings 2023-01-31 08613649 core:LandBuildings 2024-01-31 08613649 core:FurnitureFittings 2024-01-31 08613649 core:LandBuildings 2023-02-01 2024-01-31 08613649 core:WithinOneYear 2024-01-31 08613649 core:WithinOneYear 2023-01-31 08613649 core:AfterOneYear 2024-01-31 08613649 core:AfterOneYear 2023-01-31 08613649 core:ShareCapital 2024-01-31 08613649 core:ShareCapital 2023-01-31 08613649 core:RetainedEarningsAccumulatedLosses 2024-01-31 08613649 core:RetainedEarningsAccumulatedLosses 2023-01-31 08613649 core:BetweenOneFiveYears 2024-01-31 08613649 core:BetweenOneFiveYears 2023-01-31 08613649 core:LandBuildings 2023-01-31 08613649 core:FurnitureFittings 2023-01-31 08613649 bus:SmallEntities 2023-02-01 2024-01-31 08613649 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08613649 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08613649 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08613649 bus:FullAccounts 2023-02-01 2024-01-31 08613649 core:OfficeEquipment 2023-02-01 2024-01-31 08613649 core:OfficeEquipment 2023-01-31 08613649 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 08613649
Faceperfect Clinic Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
Faceperfect Clinic Limited
Balance Sheet
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
111,795
139,888
Current assets
Debtors
6
804
2,563
Cash at bank and in hand
25,939
42,987
--------
--------
26,743
45,550
Creditors: amounts falling due within one year
7
45,164
40,051
--------
--------
Net current (liabilities)/assets
( 18,421)
5,499
---------
---------
Total assets less current liabilities
93,374
145,387
Creditors: amounts falling due after more than one year
8
31,618
52,573
Provisions
Taxation including deferred tax
13,146
15,686
--------
---------
Net assets
48,610
77,128
--------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
48,609
77,127
--------
--------
Shareholders funds
48,610
77,128
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Faceperfect Clinic Limited
Balance Sheet (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 October 2024 , and are signed on behalf of the board by:
K McBride
Director
Company registration number: 08613649
Faceperfect Clinic Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Park Square West, Leeds, LS1 2NP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover represents amounts receivable for goods supplied and services rendered.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
1% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
33% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 5 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
43,663
9,930
125,473
179,066
Additions
3,138
3,138
--------
--------
---------
---------
At 31 January 2024
43,663
13,068
125,473
182,204
--------
--------
---------
---------
Depreciation
At 1 February 2023
624
2,905
35,649
39,178
Charge for the year
436
1,150
29,645
31,231
--------
--------
---------
---------
At 31 January 2024
1,060
4,055
65,294
70,409
--------
--------
---------
---------
Carrying amount
At 31 January 2024
42,603
9,013
60,179
111,795
--------
--------
---------
---------
At 31 January 2023
43,039
7,025
89,824
139,888
--------
--------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
660
Other debtors
804
1,903
----
-------
804
2,563
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,000
6,000
Corporation tax
4,888
Social security and other taxes
1,153
1,113
Other creditors
33,123
32,938
--------
--------
45,164
40,051
--------
--------
Included in "Other creditors" is an amount of £7,225 (2023:£482) due to the director. The balance is unsecured, interest free and repayable on demand.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,000
16,000
Other creditors
21,618
36,573
--------
--------
31,618
52,573
--------
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
4,102
8,204
Later than 1 year and not later than 5 years
11,213
1,798
--------
--------
15,315
10,002
--------
--------
10. Director's advances, credits and guarantees
There are no transactions with the director that require disclosure under section 413 of the Companies Act 2006.