Company Registration No. 12440819 (England and Wales)
BEAUTIFUL HEART LTD
Unaudited accounts
for the year ended 29 February 2024
BEAUTIFUL HEART LTD
Unaudited accounts
Contents
BEAUTIFUL HEART LTD
Company Information
for the year ended 29 February 2024
Director
Treasure Omolara Balogun
Company Number
12440819 (England and Wales)
Registered Office
Unit 8, Studio 123 Thames-Side Studios
Harrington Way, Warspite Rd
London
SE18 5NR
Accountants
Olaando Consulting Ltd
7 Bell Yard
London
WC2A 2JR
BEAUTIFUL HEART LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
7,216
225
Creditors: amounts falling due within one year
(9,242)
(4,897)
Net current assets
47,186
27,361
Total assets less current liabilities
47,186
28,561
Creditors: amounts falling due after more than one year
(20,000)
(23,529)
Called up share capital
1
1
Profit and loss account
27,185
5,031
Shareholders' funds
27,186
5,032
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 28 November 2024 and were signed on its behalf by
Treasure Omolara Balogun
Director
Company Registration No. 12440819
BEAUTIFUL HEART LTD
Notes to the Accounts
for the year ended 29 February 2024
BEAUTIFUL HEART LTD is a private company, limited by shares, registered in England and Wales, registration number 12440819. The registered office is Unit 8, Studio 123 Thames-Side Studios, Harrington Way, Warspite Rd, London, SE18 5NR .
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Straight line
Computer equipment
33% Straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
4,800
750
5,550
At 29 February 2024
4,800
750
5,550
At 1 March 2023
3,600
750
4,350
Charge for the year
1,200
-
1,200
At 29 February 2024
4,800
750
5,550
At 28 February 2023
1,200
-
1,200
BEAUTIFUL HEART LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
49,212
32,033
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,529
3,529
Taxes and social security
5,713
1,368
Creditors of £3,529 relates to Bounce Back Loan.
7
Creditors: amounts falling due after more than one year
2024
2023
Creditors of £20,000 relates to Bounce Back Loan.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).