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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Samantha Trace Cosmetics Ltd

Samantha Trace Cosmetics Ltd (Registered number: 11193127)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Samantha Trace Cosmetics Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms S E Trace





REGISTERED OFFICE: 3 Sydney Road
Haywards Heath
Sussex
RH16 1QQ





REGISTERED NUMBER: 11193127 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Samantha Trace Cosmetics Ltd (Registered number: 11193127)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,092 25,263

CURRENT ASSETS
Stocks 1,925 1,546
Debtors 5 21,670 14,962
Cash at bank and in hand 50 8,935
23,645 25,443
CREDITORS
Amounts falling due within one year 6 32,813 27,927
NET CURRENT LIABILITIES (9,168 ) (2,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,924

22,779

CREDITORS
Amounts falling due after more than one
year

7

(5,002

)

(17,824

)

PROVISIONS FOR LIABILITIES 9 (3,437 ) (4,800 )
NET ASSETS 485 155

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 484 154
SHAREHOLDERS' FUNDS 485 155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:




Ms S E Trace - Director


Samantha Trace Cosmetics Ltd (Registered number: 11193127)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Samantha Trace Cosmetics 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.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.

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 3 (2023 - 2 ) .

Samantha Trace Cosmetics Ltd (Registered number: 11193127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 10,120 35,927 3,104 49,151
DEPRECIATION
At 1 April 2023 6,072 15,902 1,914 23,888
Charge for year 1,518 5,355 298 7,171
At 31 March 2024 7,590 21,257 2,212 31,059
NET BOOK VALUE
At 31 March 2024 2,530 14,670 892 18,092
At 31 March 2023 4,048 20,025 1,190 25,263

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,383 -
Other debtors 16,337 12,712
Directors' current accounts 2,950 -
Prepayments - 2,250
21,670 14,962

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 13,925 14,526
Trade creditors - 2,457
Tax 8,442 3,470
Social security and other taxes 1,077 519
Wages payable 1,774 270
VAT 6,013 3,628
Other creditors 132 114
Directors' current accounts - 76
Accruals and deferred income 1,450 2,867
32,813 27,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 5,002 17,824

Samantha Trace Cosmetics Ltd (Registered number: 11193127)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 233 -
Bank loans 13,692 14,526
13,925 14,526

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,526 13,692

Amounts falling due between two and five years:
Bank loans - 2-5 years 476 4,132

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,437 4,800

Deferred
tax
£   
Balance at 1 April 2023 4,800
Credit to Statement of Income and Retained Earnings during year (1,363 )
Balance at 31 March 2024 3,437

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S E Trace.