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Registered number: 10416259
Twenty 23 Beauty Limited
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10416259
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,157 6,446
5,157 6,446
CURRENT ASSETS
Stocks 5 450 449
Cash at bank and in hand 7,947 8,807
8,397 9,256
Creditors: Amounts Falling Due Within One Year 6 (21,936 ) (26,181 )
NET CURRENT ASSETS (LIABILITIES) (13,539 ) (16,925 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,382 ) (10,479 )
NET LIABILITIES (8,382 ) (10,479 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (8,383 ) (10,480 )
SHAREHOLDERS' FUNDS (8,382) (10,479)
Page 1
Page 2
For the year ending 31 October 2023 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.
On behalf of the board
Mrs C Pearce
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Twenty 23 Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10416259 . The registered office is 127 Dyfed Avenue Townhill, Swansea, SA1 6NE.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 20% on reducing balance.
Fixtures & Fittings 20% on reducing balance.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 20,110 5,802 25,912
As at 31 October 2023 20,110 5,802 25,912
Depreciation
As at 1 November 2022 17,346 2,120 19,466
Provided during the period 553 736 1,289
As at 31 October 2023 17,899 2,856 20,755
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 October 2023 2,211 2,946 5,157
As at 1 November 2022 2,764 3,682 6,446
5. Stocks
2023 2022
£ £
Materials 450 449
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Bank loans and overdrafts 8,422 10,666
Other creditors 4,983 4,983
Director's loan account 8,531 10,531
21,936 26,181
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4