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REGISTERED NUMBER: 08757827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CHRYSALIS BODY SCULPTING LTD

CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRYSALIS BODY SCULPTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Neera Shukla
Harsh Shukla





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 08757827 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 130,947 171,245
Tangible assets 5 - 3,417
130,947 174,662

CURRENT ASSETS
Stocks 5,174 5,174
Debtors 6 20,079 16,485
Cash at bank 4,886 4,886
30,139 26,545
CREDITORS
Amounts falling due within one year 7 447,944 433,972
NET CURRENT LIABILITIES (417,805 ) (407,427 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(286,858

)

(232,765

)

CREDITORS
Amounts falling due after more than one year 8 (89,058 ) (113,020 )

PROVISIONS FOR LIABILITIES (1,963 ) (1,963 )
NET LIABILITIES (377,879 ) (347,748 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (377,979 ) (347,848 )
SHAREHOLDERS' FUNDS (377,879 ) (347,748 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)

BALANCE SHEET - continued
29 FEBRUARY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Neera Shukla - Director


CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Chrysalis Body Sculpting Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 402,979
AMORTISATION
At 1 March 2023 231,734
Charge for year 40,298
At 29 February 2024 272,032
NET BOOK VALUE
At 29 February 2024 130,947
At 28 February 2023 171,245

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 29,218 2,811 4,234 36,263
DEPRECIATION
At 1 March 2023 27,639 2,358 2,849 32,846
Charge for year 1,579 453 1,385 3,417
At 29 February 2024 29,218 2,811 4,234 36,263
NET BOOK VALUE
At 29 February 2024 - - - -
At 28 February 2023 1,579 453 1,385 3,417

CHRYSALIS BODY SCULPTING LTD (REGISTERED NUMBER: 08757827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 17,246 13,652
Prepayments and accrued income 2,833 2,833
20,079 16,485

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 64,466 63,942
Trade creditors 18,445 13,212
Social security and other taxes 12,430 11,503
VAT 1,023 1,023
Other creditors 129,690 113,727
Directors' current accounts 207,133 215,808
Accrued expenses 14,757 14,757
447,944 433,972

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
£    £   
Bank loans - 1-2 years 20,400 20,400
Bank loans - 2-5 years 68,658 92,620
89,058 113,020

9. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Bank overdrafts 37,449 36,925
Bank loans 116,075 140,037
153,524 176,962