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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
Page
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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
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Dollface Cosmetics (WM) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,850 
1,820 
Current assets
Inventories
9,650 
- 
Debtors
27,102 
40,164 
Cash at bank and in hand
6,452 
15,044 
43,204 
55,208 
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)
Capital and reserves
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
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Dollface Cosmetics (WM) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Pension costs
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.
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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 
Additions
5,062 
- 
5,062 
At 29 February 2024
8,731 
2,147 
10,878 
Depreciation
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 
Net book value
At 29 February 2024
3,671 
179 
3,850 
At 28 February 2023
951 
869 
1,820 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
9,650 
- 
9,650 
- 
6
Debtors
2024 
2023 
£ 
£ 
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 
- 
VAT
12,638 
15,388 
Taxes and social security
2,565 
12,037 
Other creditors
24,271 
24,560 
42,474 
51,985 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,001 
10,001 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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