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REGISTERED NUMBER: 14652946 (England)










The Beauty Bar Clitheroe Ltd

Unaudited Financial Statements

for the Period 9 February 2023 to 29 February 2024






The Beauty Bar Clitheroe Ltd (Registered number: 14652946)






Contents of the Financial Statements
for the Period 9 February 2023 to 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Beauty Bar Clitheroe Ltd

Company Information
for the Period 9 February 2023 to 29 February 2024







DIRECTOR: Miss Rebecca Chanter





REGISTERED OFFICE: The Beauty Bar
6 Swan Courtyard
Castle Street
Clitheroe
Lancashire
BB7 2DQ





REGISTERED NUMBER: 14652946 (England)





ACCOUNTANTS: DSM CA LTD
The Station House
Station Road
Whalley
Clitheroe
Lancashire
BB7 9RT

The Beauty Bar Clitheroe Ltd (Registered number: 14652946)

Balance Sheet
29 February 2024

Notes £   
FIXED ASSETS
Tangible assets 4 7,650

CURRENT ASSETS
Stocks 5 500
Debtors 6 395
Cash at bank 5,277
6,172
CREDITORS
Amounts falling due within one year 7 (13,678 )
NET CURRENT LIABILITIES (7,506 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

144

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 44
144

The Beauty Bar Clitheroe Ltd (Registered number: 14652946)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Miss Rebecca Chanter - Director


The Beauty Bar Clitheroe Ltd (Registered number: 14652946)

Notes to the Financial Statements
for the Period 9 February 2023 to 29 February 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:
The Beauty Bar 6 Swan Courtyard
Castle Street
Clitheroe
Lancashire
United Kingdom
BB7 2DQ

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 FIXED 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.

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 classDepreciation method and rate
Plant and machinery15% on reducing balance
Fixtures, fittings and equipment15% on reducing balance


The Beauty Bar Clitheroe Ltd (Registered number: 14652946)

Notes to the Financial Statements - continued
for the Period 9 February 2023 to 29 February 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, 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.

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 DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

The Beauty Bar Clitheroe Ltd (Registered number: 14652946)

Notes to the Financial Statements - continued
for the Period 9 February 2023 to 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 3,000 6,000 9,000
At 29 February 2024 3,000 6,000 9,000
DEPRECIATION
Charge for period 450 900 1,350
At 29 February 2024 450 900 1,350
NET BOOK VALUE
At 29 February 2024 2,550 5,100 7,650

5. STOCKS
£   
Stocks 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Prepayments 395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 325
Corporation tax 8,589
VAT 2,032
Directors' current accounts 1,274
Accrued expenses 1,458
13,678