2023-03-012024-02-292024-02-29false11810364Academy of Beauticians and Aesthetics Limited2024-11-29iso4217:GBPxbrli:pure118103642023-03-01118103642024-02-29118103642023-03-012024-02-29118103642022-03-01118103642023-02-28118103642022-03-012023-02-2811810364bus:SmallEntities2023-03-012024-02-2911810364bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911810364bus:FullAccounts2023-03-012024-02-2911810364bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911810364core:WithinOneYear2024-02-2911810364core:AfterOneYear2024-02-2911810364core:WithinOneYear2023-02-2811810364core:AfterOneYear2023-02-2811810364core:ShareCapital2024-02-2911810364core:SharePremium2024-02-2911810364core:RevaluationReserve2024-02-2911810364core:OtherReservesSubtotal2024-02-2911810364core:RetainedEarningsAccumulatedLosses2024-02-2911810364core:ShareCapital2023-02-2811810364core:SharePremium2023-02-2811810364core:RevaluationReserve2023-02-2811810364core:OtherReservesSubtotal2023-02-2811810364core:RetainedEarningsAccumulatedLosses2023-02-2811810364core:LandBuildings2024-02-2911810364core:PlantMachinery2024-02-2911810364core:Vehicles2024-02-2911810364core:FurnitureFittings2024-02-2911810364core:OfficeEquipment2024-02-2911810364core:NetGoodwill2024-02-2911810364core:IntangibleAssetsOtherThanGoodwill2024-02-2911810364core:ListedExchangeTraded2024-02-2911810364core:UnlistedNon-exchangeTraded2024-02-2911810364core:LandBuildings2023-02-2811810364core:PlantMachinery2023-02-2811810364core:Vehicles2023-02-2811810364core:FurnitureFittings2023-02-2811810364core:OfficeEquipment2023-02-2811810364core:NetGoodwill2023-02-2811810364core:IntangibleAssetsOtherThanGoodwill2023-02-2811810364core:ListedExchangeTraded2023-02-2811810364core:UnlistedNon-exchangeTraded2023-02-2811810364core:LandBuildings2023-03-012024-02-2911810364core:PlantMachinery2023-03-012024-02-2911810364core:Vehicles2023-03-012024-02-2911810364core:FurnitureFittings2023-03-012024-02-2911810364core:OfficeEquipment2023-03-012024-02-2911810364core:NetGoodwill2023-03-012024-02-2911810364core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911810364core:ListedExchangeTraded2023-03-012024-02-2911810364core:UnlistedNon-exchangeTraded2023-03-012024-02-2911810364core:MoreThanFiveYears2023-03-012024-02-2911810364core:Non-currentFinancialInstruments2024-02-2911810364core:Non-currentFinancialInstruments2023-02-2811810364dpl:CostSales2023-03-012024-02-2911810364dpl:DistributionCosts2023-03-012024-02-2911810364core:LandBuildings2023-03-012024-02-2911810364core:PlantMachinery2023-03-012024-02-2911810364core:Vehicles2023-03-012024-02-2911810364core:FurnitureFittings2023-03-012024-02-2911810364core:OfficeEquipment2023-03-012024-02-2911810364dpl:AdministrativeExpenses2023-03-012024-02-2911810364core:NetGoodwill2023-03-012024-02-2911810364core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911810364dpl:GroupUndertakings2023-03-012024-02-2911810364dpl:ParticipatingInterests2023-03-012024-02-2911810364dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911810364core:ListedExchangeTraded2023-03-012024-02-2911810364dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911810364core:UnlistedNon-exchangeTraded2023-03-012024-02-2911810364dpl:CostSales2022-03-012023-02-2811810364dpl:DistributionCosts2022-03-012023-02-2811810364core:LandBuildings2022-03-012023-02-2811810364core:PlantMachinery2022-03-012023-02-2811810364core:Vehicles2022-03-012023-02-2811810364core:FurnitureFittings2022-03-012023-02-2811810364core:OfficeEquipment2022-03-012023-02-2811810364dpl:AdministrativeExpenses2022-03-012023-02-2811810364core:NetGoodwill2022-03-012023-02-2811810364core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811810364dpl:GroupUndertakings2022-03-012023-02-2811810364dpl:ParticipatingInterests2022-03-012023-02-2811810364dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811810364core:ListedExchangeTraded2022-03-012023-02-2811810364dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811810364core:UnlistedNon-exchangeTraded2022-03-012023-02-2811810364core:NetGoodwill2024-02-2911810364core:IntangibleAssetsOtherThanGoodwill2024-02-2911810364core:LandBuildings2024-02-2911810364core:PlantMachinery2024-02-2911810364core:Vehicles2024-02-2911810364core:FurnitureFittings2024-02-2911810364core:OfficeEquipment2024-02-2911810364core:AfterOneYear2024-02-2911810364core:WithinOneYear2024-02-2911810364core:ListedExchangeTraded2024-02-2911810364core:UnlistedNon-exchangeTraded2024-02-2911810364core:ShareCapital2024-02-2911810364core:SharePremium2024-02-2911810364core:RevaluationReserve2024-02-2911810364core:OtherReservesSubtotal2024-02-2911810364core:RetainedEarningsAccumulatedLosses2024-02-2911810364core:NetGoodwill2023-02-2811810364core:IntangibleAssetsOtherThanGoodwill2023-02-2811810364core:LandBuildings2023-02-2811810364core:PlantMachinery2023-02-2811810364core:Vehicles2023-02-2811810364core:FurnitureFittings2023-02-2811810364core:OfficeEquipment2023-02-2811810364core:AfterOneYear2023-02-2811810364core:WithinOneYear2023-02-2811810364core:ListedExch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Academy of Beauticians and Aesthetics Limited

Registered Number
11810364
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Academy of Beauticians and Aesthetics Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

Lorna M Dunn

Registered Address

Ground Floor
11 Colehill
Tamworth
B79 7HE

Registered Number

11810364 (England and Wales)
Academy of Beauticians and Aesthetics Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,35715,446
12,35715,446
Current assets
Debtors19,88215,812
Cash at bank and on hand66,954199,184
86,836214,996
Creditors amounts falling due within one year4(49,960)(177,688)
Net current assets (liabilities)36,87637,308
Total assets less current liabilities49,23352,754
Creditors amounts falling due after one year5(40,000)(40,000)
Provisions for liabilities6(2,348)(3,668)
Net assets6,8859,086
Capital and reserves
Called up share capital11
Profit and loss account6,8849,085
Shareholders' funds6,8859,086
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
Lorna M Dunn
Director
Registered Company No. 11810364
Academy of Beauticians and Aesthetics Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts where applicable. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 March 2328,95728,957
At 29 February 2428,95728,957
Depreciation and impairment
At 01 March 2313,51113,511
Charge for year3,0893,089
At 29 February 2416,60016,600
Net book value
At 29 February 2412,35712,357
At 28 February 2315,44615,446
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts10,00010,000
Amounts owed to related parties23,86923,869
Taxation and social security11,3476,927
Other creditors103134,393
Accrued liabilities and deferred income4,6412,499
Total49,960177,688
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts40,00040,000
Total40,00040,000
A Bounce Back Loan is denominated in sterling with a nominal interest rate of 2.5%. The carrying amount at year end is £50,000 (2023 - £50,000), with £10,000 being due within one year and £40,000 due after one year. The government guarantees 100% of the loan under the Bounce Back Loan Scheme.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,3483,668
Total2,3483,668
7.Other commitments
The Company has annual financial commitments of £15,000 per annum until September 2025
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Lorna M Dunn14,56216,60315,00016,165
14,56216,60315,00016,165
The Company has advanced loans to the Director to enable her to carry out her duties. The loan is interest free and repayable within nine months of the year end.
9.Related party transactions
The Company owes £23,869 to a company with common director and shareholder. The loan is interest free and repayable on demand.