Company Registration No. 11856981 (England and Wales)
SWANSEA NAILS STUDIO LIMITED
Unaudited accounts
for the year ended 31 March 2024
SWANSEA NAILS STUDIO LIMITED
Unaudited accounts
Contents
SWANSEA NAILS STUDIO LIMITED
Company Information
for the year ended 31 March 2024
Director
Joanna Victoria Le
Company Number
11856981 (England and Wales)
Registered Office
9 NELSON STREET
SWANSEA
WALES
SA1 3QE
UNITED KINGDOM
Accountants
1st Century Acca
6 Pagitt Street
Chatham
Chatham
Kent
ME4 6RF
SWANSEA NAILS STUDIO LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
19,950
22,800
Cash at bank and in hand
6,500
5,600
Creditors: amounts falling due within one year
(7,994)
(10,176)
Net current liabilities
(1,494)
(4,576)
Total assets less current liabilities
18,456
18,224
Creditors: amounts falling due after more than one year
(14,000)
(14,422)
Called up share capital
100
100
Profit and loss account
4,356
3,702
Shareholders' funds
4,456
3,802
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
Joanna Victoria Le
Director
Company Registration No. 11856981
SWANSEA NAILS STUDIO LIMITED
Notes to the Accounts
for the year ended 31 March 2024
SWANSEA NAILS STUDIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11856981. The registered office is 9 NELSON STREET, SWANSEA, WALES, SA1 3QE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line 10%
Plant & machinery
Straight line 10%
Motor vehicles
Straight line 10%
Fixtures & fittings
Straight line 10%
Computer equipment
Straight line 10%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
15,000
12,000
1,500
28,500
At 31 March 2024
15,000
12,000
1,500
28,500
At 1 April 2023
3,000
2,400
300
5,700
Charge for the year
1,500
1,200
150
2,850
At 31 March 2024
4,500
3,600
450
8,550
At 31 March 2024
10,500
8,400
1,050
19,950
At 31 March 2023
12,000
9,600
1,200
22,800
SWANSEA NAILS STUDIO LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
6,600
Trade creditors
2,500
3,576
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
12,500
13,500
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).