Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09825938 Mrs Gemma Winstanley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09825938 2023-07-31 09825938 2024-07-31 09825938 2023-08-01 2024-07-31 09825938 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09825938 frs-core:ShareCapital 2024-07-31 09825938 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09825938 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09825938 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 09825938 frs-bus:SmallEntities 2023-08-01 2024-07-31 09825938 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09825938 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09825938 frs-bus:Director1 2023-08-01 2024-07-31 09825938 frs-countries:EnglandWales 2023-08-01 2024-07-31 09825938 2022-07-31 09825938 2023-07-31 09825938 2022-08-01 2023-07-31 09825938 frs-core:ShareCapital 2023-07-31 09825938 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09825938
Illusions Nails And Beauty Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Northern Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09825938
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,186 6,180
4,186 6,180
CURRENT ASSETS
Stocks 3,000 3,000
Cash at bank and in hand 4,546 5,641
7,546 8,641
Creditors: Amounts Falling Due Within One Year (63,101 ) (78,105 )
NET CURRENT ASSETS (LIABILITIES) (55,555 ) (69,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES (51,369 ) (63,284 )
NET LIABILITIES (51,369 ) (63,284 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (51,370 ) (63,285 )
SHAREHOLDERS' FUNDS (51,369) (63,284)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Gemma Winstanley
Director
31/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Illusions Nails And Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09825938 . The registered office is 11 Galfrid Road Bilton, Hull, HU11 4EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on SLM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 8)
6 8
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 9,974
As at 31 July 2024 9,974
Depreciation
As at 1 August 2023 3,794
Provided during the period 1,994
As at 31 July 2024 5,788
Net Book Value
As at 31 July 2024 4,186
As at 1 August 2023 6,180
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Pension Commitments
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. At the balance sheet date unpaid contributions on 2024 £Nil (PY 2023 of £255) were due to the fund. They are included in Other Creditors.
Page 4