1 March 2023 false No description of principal activity Taxfiler 2024.6 true 11815593business:PrivateLimitedCompanyLtd2023-03-012024-02-29 118155932023-02-28 118155932023-03-012024-02-29 11815593business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 11815593business:FilletedAccounts2023-03-012024-02-29 118155932024-02-29 11815593business:Director22023-03-012024-02-29 11815593business:RegisteredOffice2023-03-012024-02-29 118155932023-02-28 11815593core:WithinOneYear2024-02-29 11815593core:WithinOneYear2023-02-28 11815593core:AfterOneYear2024-02-29 11815593core:AfterOneYear2023-02-28 11815593core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11815593core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11815593core:SharePremiumcore:PreviouslyStatedAmount2024-02-29 11815593core:SharePremiumcore:PreviouslyStatedAmount2023-02-28 11815593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11815593core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11815593core:PreviouslyStatedAmount2024-02-29 11815593core:PreviouslyStatedAmount2023-02-28 11815593business:SmallEntities2023-03-012024-02-29 11815593countries:EnglandWales2023-03-012024-02-29 11815593core:ComputerEquipment2023-03-012024-02-29 11815593core:IntangibleAssetsOtherThanGoodwill2023-02-28 11815593core:IntangibleAssetsOtherThanGoodwill2024-02-29 11815593core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-29 11815593core:FurnitureFittings2023-02-28 11815593core:ComputerEquipment2023-02-28 11815593core:FurnitureFittings2023-03-012024-02-29 11815593core:FurnitureFittings2024-02-29 11815593core:ComputerEquipment2024-02-29 118155932022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11815593 (England and Wales)
Beauty & Grace Limited Unaudited accounts for the year ended 29 February 2024
Beauty & Grace Limited Unaudited accounts Contents
Page
- 2 -
Beauty & Grace Limited Company Information for the year ended 29 February 2024
Director
Maria Grace Watson
Company Number
11815593 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ United Kingdom
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
Beauty & Grace Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
5,600 
Tangible assets
3,246 
3,205 
3,246 
8,805 
Current assets
Inventories
387,057 
253,570 
Debtors
87,077 
58,748 
Cash at bank and in hand
107,187 
145,406 
581,321 
457,724 
Creditors: amounts falling due within one year
(436,921)
(107,057)
Net current assets
144,400 
350,667 
Total assets less current liabilities
147,646 
359,472 
Creditors: amounts falling due after more than one year
(236,940)
(238,363)
Net (liabilities)/assets
(89,294)
121,109 
Capital and reserves
Called up share capital
100 
100 
Share premium
169,900 
169,900 
Profit and loss account
(259,294)
(48,891)
Shareholders' funds
(89,294)
121,109 
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 29 November 2024 and were signed on its behalf by
Maria Grace Watson Director Company Registration No. 11815593
- 4 -
Beauty & Grace Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Beauty & Grace Limited is a private company, limited by shares, registered in England and Wales, registration number 11815593. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
33% 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.
Interest
All interest costs are recognised in the profit or loss in the period in which they are incurred.
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. At the reporting date, the company had net liabilities of (£86,294) (2023: 121,109). The director has considered the company’s financial position, including its cash flow forecasts and the availability of funding, to assess its ability to meet its obligations as they fall due. The director acknowledges the challenges posed by the company's current financial position. However, they have a reasonable expectation that the company will continue to trade as a going concern. This conclusion is based on the director's plans to manage working capital carefully, including close monitoring of cash flows, negotiating extended payment terms with suppliers, and pursuing other funding options if required. The director believes that these actions, alongside the company’s trading performance, provide sufficient assurance that the company will be able to meet its financial obligations over the next 12 months.
- 5 -
Beauty & Grace Limited Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
28,000 
At 29 February 2024
28,000 
Amortisation
At 1 March 2023
22,400 
Charge for the year
5,600 
At 29 February 2024
28,000 
Net book value
At 29 February 2024
- 
At 28 February 2023
5,600 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
- 
4,629 
4,629 
Additions
1,213 
923 
2,136 
At 29 February 2024
1,213 
5,552 
6,765 
Depreciation
At 1 March 2023
- 
1,424 
1,424 
Charge for the year
325 
1,770 
2,095 
At 29 February 2024
325 
3,194 
3,519 
Net book value
At 29 February 2024
888 
2,358 
3,246 
At 28 February 2023
- 
3,205 
3,205 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,088 
7,100 
Accrued income and prepayments
21,529 
26,360 
Other debtors
60,460 
25,288 
87,077 
58,748 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
150,651 
47,172 
Taxes and social security
33,071 
35,791 
Other creditors
250,196 
8,268 
Accruals
3,003 
15,826 
436,921 
107,057 
- 6 -
Beauty & Grace Limited Notes to the Accounts for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
236,940 
238,363 
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
- 7 -