Company Registration No. 10622062 (England and Wales)
Dollface Cosmetics (WM) Ltd
Unaudited accounts
for the year ended 29 February 2024
Dollface Cosmetics (WM) Ltd
Unaudited accounts
Contents
Dollface Cosmetics (WM) Ltd
Company Information
for the year ended 29 February 2024
Director
Miss Riah Yasmin Read
Company Number
10622062 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Dollface Cosmetics (WM) Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
3,850
1,820
Cash at bank and in hand
6,452
15,044
Creditors: amounts falling due within one year
(42,474)
(51,985)
Net current assets
730
3,223
Total assets less current liabilities
4,580
5,043
Creditors: amounts falling due after more than one year
(4,001)
(10,001)
Net assets/(liabilities)
579
(4,958)
Called up share capital
100
100
Profit and loss account
479
(5,058)
Shareholders' funds
579
(4,958)
For the year ending 29 February 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 20 November 2024 and were signed on its behalf by
Miss Riah Yasmin Read
Director
Company Registration No. 10622062
Dollface Cosmetics (WM) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Dollface Cosmetics (WM) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10622062. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Dollface Cosmetics (WM) Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
3,669
2,147
5,816
At 29 February 2024
8,731
2,147
10,878
At 1 March 2023
2,718
1,278
3,996
Charge for the year
2,342
690
3,032
At 29 February 2024
5,060
1,968
7,028
At 29 February 2024
3,671
179
3,850
At 28 February 2023
951
869
1,820
Amounts falling due within one year
Other debtors
27,102
40,164
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,000
-
Taxes and social security
2,565
12,037
Other creditors
24,271
24,560
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).