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REGISTERED NUMBER: 09125229 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Prestidge Beauty Ltd

Prestidge Beauty Ltd (Registered number: 09125229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prestidge Beauty Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs C Prestidge





SECRETARY: N Prestidge





REGISTERED OFFICE: 19 Fairfax Centre
Kidlington
Oxfordshire
OX5 2PB





REGISTERED NUMBER: 09125229 (England and Wales)





ACCOUNTANTS: Ayres Accounting Limited
13 Heron Drive
Witney
Oxfordshire
OX28 6NP

Prestidge Beauty Ltd (Registered number: 09125229)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,782 10,289

CURRENT ASSETS
Stocks 3,767 1,592
Debtors 5 22,254 14,313
Cash at bank and in hand 8 1,284
26,029 17,189
CREDITORS
Amounts falling due within one year 6 111,747 65,435
NET CURRENT LIABILITIES (85,718 ) (48,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,936

)

(37,957

)

CREDITORS
Amounts falling due after more than
one year

7

-

(1,316

)

PROVISIONS FOR LIABILITIES (909 ) (1,955 )
NET LIABILITIES (81,845 ) (41,228 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (81,846 ) (41,229 )
(81,845 ) (41,228 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Prestidge Beauty Ltd (Registered number: 09125229)

Balance Sheet - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:





Mrs C Prestidge - Director


Prestidge Beauty Ltd (Registered number: 09125229)

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

1. STATUTORY INFORMATION

Prestidge Beauty 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Going concern
The accounts have been drawn up on the going concern basis. The company owes the director £62,584 and the bank £28,870, both of which could be required to be repaid without notice. The company is therefore dependent upon the continued support of the director and bank. The director does not consider this support likely to be withdrawn.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that may arise and to reclassify fixed assets as current assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised in respect of hairdressing and other beauty treatment services.

Tangible fixed assets
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% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss account. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the profit and loss account.


Prestidge Beauty Ltd (Registered number: 09125229)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit / (loss) on a straight line basis over the lease term.

Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

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 5 (2023 - 5 ) .

Prestidge Beauty Ltd (Registered number: 09125229)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 17,572
Additions 80
Disposals (5,685 )
At 31 July 2024 11,967
DEPRECIATION
At 1 August 2023 7,283
Charge for year 2,582
Eliminated on disposal (2,680 )
At 31 July 2024 7,185
NET BOOK VALUE
At 31 July 2024 4,782
At 31 July 2023 10,289

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 22,254 14,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 28,870 31,468
Hire purchase contracts - 2,046
Trade creditors 3,920 3,409
Taxation and social security 1,306 3,436
Other creditors 77,651 25,076
111,747 65,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts - 1,316