Company Registration No. 07625951 (England and Wales)
Beauty Id Manufacturers Ltd
Unaudited accounts
for the year ended 31 March 2024
Beauty Id Manufacturers Ltd
Unaudited accounts
Contents
Beauty Id Manufacturers Ltd
Company Information
for the year ended 31 March 2024
Directors
Nicola Hammon-Molloy
Izabelle Barbara Hammon
Company Number
07625951 (England and Wales)
Registered Office
42 Goulds Close (Unit 35)
Chancerygate Business Park
Milton Keynes
MK1 1EQ
Beauty Id Manufacturers Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
15,396
23,183
Inventories
241,981
238,153
Cash at bank and in hand
95,784
94,474
Creditors: amounts falling due within one year
(45,612)
(62,689)
Net current assets
492,453
464,443
Total assets less current liabilities
507,849
487,626
Creditors: amounts falling due after more than one year
(12,500)
(22,570)
Provisions for liabilities
Deferred tax
(2,925)
(1,543)
Net assets
492,424
463,513
Called up share capital
95
95
Profit and loss account
482,419
453,508
Shareholders' funds
492,424
463,513
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by
Izabelle Barbara Hammon
Director
Company Registration No. 07625951
Beauty Id Manufacturers Ltd
Notes to the Accounts
for the year ended 31 March 2024
Beauty Id Manufacturers Ltd is a private company, limited by shares, registered in England and Wales, registration number 07625951. The registered office is 42 Goulds Close (Unit 35), Chancerygate Business Park, Milton Keynes, MK1 1EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2023
93,636
81,431
175,067
At 31 March 2024
93,636
81,431
175,067
At 1 April 2023
70,453
81,431
151,884
Charge for the year
7,787
-
7,787
At 31 March 2024
78,240
81,431
159,671
At 31 March 2024
15,396
-
15,396
At 31 March 2023
23,183
-
23,183
Amounts falling due within one year
Trade debtors
108,290
55,418
Other debtors
92,010
139,087
Beauty Id Manufacturers Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
3,760
6,882
Taxes and social security
11,974
24,345
Other creditors
12,000
12,000
7
Creditors: amounts falling due after more than one year
2024
2023
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £829 (2023- £799). There were no outstanding contributions payable to the fund at the balance sheet date.
Other debtors includes loans to the directors of £26,862 (2023 £34,576). These are repayable on demand and interest of 2% is charged on the loans.
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Transactions with related parties
The Directors are also Directors of Izabelle Hammon Ltd. At the balance sheet date 31.03.24 the Company was owed £104,742 (2023 £51,818) by Izabelle Hammon Ltd.
Rent was paid to a Director of £24,087 (2023 £18,065).
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Average number of employees
During the year the average number of employees was 3 (2023: 3).