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REGISTERED NUMBER: 10562380 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Ego Cosmetics Limited

Ego Cosmetics Limited (Registered number: 10562380)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ego Cosmetics Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Dr S C Attariani
Dr G Hassirian





SECRETARY: Dr S C Attariani





REGISTERED OFFICE: 11-13 Strutton Ground
London
London
SW1P 2HY





REGISTERED NUMBER: 10562380 (England and Wales)





ACCOUNTANTS: Long & Co (Dentax) Ltd
65a High Street
Stevenage
Hertfordshire
SG1 3AQ

Ego Cosmetics Limited (Registered number: 10562380)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 160,000 160,000
Tangible assets 5 266,606 300,211
426,606 460,211

CURRENT ASSETS
Debtors 6 4,956 49,231
Cash at bank 354,989 319,120
359,945 368,351
CREDITORS
Amounts falling due within one year 7 (69,484 ) (67,633 )
NET CURRENT ASSETS 290,461 300,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

717,067

760,929

CREDITORS
Amounts falling due after more than one
year

8

(338,494

)

(395,711

)
NET ASSETS 378,573 365,218

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 378,571 365,216
SHAREHOLDERS' FUNDS 378,573 365,218

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

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

The directors acknowledge their 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.

Ego Cosmetics Limited (Registered number: 10562380)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2024 and were signed on its behalf by:





Dr S C Attariani - Director


Ego Cosmetics Limited (Registered number: 10562380)

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

1. STATUTORY INFORMATION

Ego Cosmetics 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 22 ) .

Ego Cosmetics Limited (Registered number: 10562380)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 160,000
NET BOOK VALUE
At 31 January 2024 160,000
At 31 January 2023 160,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 567,702
Additions 22,241
At 31 January 2024 589,943
DEPRECIATION
At 1 February 2023 267,491
Charge for year 55,846
At 31 January 2024 323,337
NET BOOK VALUE
At 31 January 2024 266,606
At 31 January 2023 300,211

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,956 11,329
Other debtors - 37,902
4,956 49,231

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,304 3,829
Taxation and social security 49,230 63,804
Other creditors 13,950 -
69,484 67,633

Ego Cosmetics Limited (Registered number: 10562380)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 275,051 310,662
Hire purchase contracts 63,443 85,049
338,494 395,711

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 275,051 310,662

9. RESERVES
Retained
earnings
£   

At 1 February 2023 365,216
Profit for the year 139,420
Dividends (126,065 )
At 31 January 2024 378,571