Company registration number 10632971 (England and Wales)
BEAUTY BY TABITHA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BEAUTY BY TABITHA LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
BEAUTY BY TABITHA LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
91,723
99,738
Current assets
Inventories
18,454
20,890
Trade and other receivables
3
-
0
332
Cash and cash equivalents
21,900
39,389
40,354
60,611
Current liabilities
4
(231,490)
(234,488)
Net current liabilities
(191,136)
(173,877)
Total assets less current liabilities
(99,413)
(74,139)
Non-current liabilities
5
(29,167)
(34,722)
Net liabilities
(128,580)
(108,861)
Equity
Called up share capital
4
4
Retained earnings
(128,584)
(108,865)
Total equity
(128,580)
(108,861)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 7 November 2024 and are signed on its behalf by:
Mrs P L Robinson
Director
Company Registration No. 10632971
BEAUTY BY TABITHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Beauty By Tabitha Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moorhouse Farm, Lower Ferry Lane, Callow End, Worcester, United Kingdom, WR2 4UH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover represents the total value of sales made during the period and derives from the provision of services falling within the company's ordinary activities.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold building improvements
Straight line basis over 10 years
Fixtures, fittings and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Inventories

Inventories are stated at the lower of cost and estimated selling price.

1.6
Taxation

The tax expense represents the sum of the tax currently payable only. No provision is made for deferred tax as any sum involved is not material.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases
BEAUTY BY TABITHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 13 (2023 - 13).

2024
2023
Number
Number
Total
13
13
3
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Other receivables
-
0
332
4
Current liabilities
2024
2023
Notes
£
£
Bank loans and overdrafts
6
5,556
5,556
Loan - Worcestershire Orthopaedics Limted
6
132,904
140,904
Trade payables
24,226
24,852
Other taxation and social security
19,665
15,631
Directors' Loan Account
42,552
42,552
Other creditors
1,661
667
Accruals
4,926
4,326
231,490
234,488
BEAUTY BY TABITHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
5
Non-current liabilities
2024
2023
£
£
Bank loans and overdrafts
29,167
34,722
6
Borrowings
2024
2023
£
£
Bank loans
34,723
40,278
Loans from group undertakings and related parties
132,904
140,904
167,627
181,182
Payable within one year
138,460
146,460
Payable after one year
29,167
34,722

As a result of the Covid-19 pandemic the company obtained a bounce-back loan in May 2020 of £50,000 which was originally to be repaid over 60 months. However, this was then subsequently changed to 120 months with no repayments in the first twelve months. Repayments commenced in May 2021 for a period of 108 months.

7
Operating lease commitments
Lessee

 

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
62,914
-
0
8
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Worcestershire Orthopaedics Limited
132,904
140,904
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Mrs T WilkinsonMrs P L Robinsonfalsefalse
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