KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Company Registration Number:
09444215 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Company Information

for the Period Ended 29 February 2024




Director: Karen Laura Louise Rose McGahon
Registered office: 19
Howard Place
Carlisle
England
CA1 1HR
Company Registration Number: 09444215 (England and Wales)

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Directors' Report Period Ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal Activities

Karen McGahon's Beauty Therapy Limited is a mobile beauty therapy service providing a range of beauty therapy and massage services to customers in Cumbria and South West Scotland.

Political and charitable donations

The company has made no donations to political parties or charities during the financial year.

Directors

The directors shown below have held office during the whole of the period from 01 March 2023 to 29 February 2024
Karen Laura Louise Rose McGahon

This report was approved by the board of directors on 27 November 2024
And Signed On Behalf Of The Board By:

Name: Karen Laura Louise Rose McGahon
Status: Director

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Profit and Loss Account

for the Period Ended 29 February 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 966 1,200
Administrative Expenses ( 765 ) ( 1,256 )
Operating Profit or (Loss) 201 ( 56 )
Interest Receivable and Similar Income 12 2
Interest Payable and Similar Charges ( 129 ) ( 116 )
Profit or (Loss) Before Tax 84 ( 170 )
Tax on Profit ( 2 ) -
Profit or (Loss) for Period 82 ( 170 )

The notes form part of these financial statements

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 0 0
Total fixed assets: 0 0
Current assets
Stocks: 35 201
Debtors: 40 0
Cash at bank and in hand: 535 121
Total current assets: 610 322
Creditors: amounts falling due within one year: ( 218 ) ( 11 )
Net current assets (liabilities): 392 311
Total assets less current liabilities: 392 311
Total net assets (liabilities): 392 311

The notes form part of these financial statements

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 500 500
Profit and loss account: ( 108 ) ( 189 )
Shareholders funds: 392 311

For the year ending 29 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 27 November 2024
And Signed On Behalf Of The Board By:

Name: Karen Laura Louise Rose McGahon
Status: Director

The notes form part of these financial statements

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the value, net of any discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Assets that have physical substance and are held for use in the production of goods or services, and are expected to be used during more than one financial year, are classified under Fixed Assets. A tangible fixed asset shall be initially measured at cost.

    Given that the assets are equipment, rather than property, used in the delivery of beauty therapy services they have not been revalued but are carried at depreciated historic cost which is believed to be an appropriate basis.

    A full year’s depreciation is charged in the year of purchase with no depreciation charged in the year of disposal. Depreciation has been provided at the following rates in order to write off the assets over their useful estimated useful lives:

    Equipment 20% straight line

    Other accounting policies

    Stock is carried at the lower of cost or net realisable value. Creditors -where expenditure has been recognised, but cash has not been paid, a creditor for the relevant amount is recorded in the Balance Sheet.

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

KAREN MCGAHON'S BEAUTY THERAPY LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 505
Additions 0
Disposals (0)
Revaluations 0
Transfers 0
At 29 February 2024 505
Depreciation
At 01 March 2023 505
Charge for year 0
On disposals (0)
Other adjustments 0
At 29 February 2024 505
Net book value
At 29 February 2024 0
At 28 February 2023 0