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REGISTERED NUMBER: 07671077 (England and Wales)















REJUVE BEAUTIFUL EYES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REJUVE BEAUTIFUL EYES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs D K Diskin
J Diskin





REGISTERED OFFICE: 172 Longcroft Road
Dronfield Woodhouse
Dronfield
Derbyshire
S18 8XY





REGISTERED NUMBER: 07671077 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,143 20,548
12,143 20,548

CURRENT ASSETS
Stocks 22,629 29,741
Debtors 6 13,371 10,579
Cash at bank 6,452 5,551
42,452 45,871
CREDITORS
Amounts falling due within one year 7 21,737 25,589
NET CURRENT ASSETS 20,715 20,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,858

40,830

CREDITORS
Amounts falling due after more than one
year

8

(30,202

)

(35,906

)

PROVISIONS FOR LIABILITIES (2,300 ) (3,900 )
NET ASSETS 356 1,024

REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

BALANCE SHEET - continued
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 40 40
Retained earnings 316 984
SHAREHOLDERS' FUNDS 356 1,024

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mrs D K Diskin - Director


REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Rejuve Beautiful Eyes 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

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Building improvements - 25% on cost
Fixtures, fittings & salon equipment - 25% on cost
Computer equipment - 33% 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 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.


REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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 paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Building & salon Computer
improvements equipment equipment Totals
£    £    £    £   
COST
At 1 September 2023 674 102,289 3,442 106,405
Additions - 2,409 - 2,409
Disposals - (717 ) - (717 )
At 31 August 2024 674 103,981 3,442 108,097
DEPRECIATION
At 1 September 2023 674 81,834 3,349 85,857
Charge for year - 10,721 93 10,814
Eliminated on disposal - (717 ) - (717 )
At 31 August 2024 674 91,838 3,442 95,954
NET BOOK VALUE
At 31 August 2024 - 12,143 - 12,143
At 31 August 2023 - 20,455 93 20,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 473 449
Other debtors 12,898 10,130
13,371 10,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 5,703 5,562
Trade creditors 619 1,298
Social security and other taxes - 771
Taxation and social security 3,506 2,743
VAT 7,407 7,554
Other creditors 4,502 7,661
21,737 25,589

REJUVE BEAUTIFUL EYES LTD (REGISTERED NUMBER: 07671077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 24,292 23,692
Bank loans - 2-5 years 5,910 12,214
30,202 35,906

9. LEASING AGREEMENTS
At 31 August 2024 the company had annual commitments under operating leases amounting to £7,914 (2023:£Nil) in respect of salon equipment rental. The rental lease expires at the end of April 2027.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
40 Ordinary shares £1 40 40

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mrs D K Diskin and J Diskin
Balance outstanding at start of year 8,395 -
Amounts advanced 26,684 8,395
Amounts repaid (23,112 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,967 8,395

The loan is interest free and will be repaid within nine months of the year end.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D K Diskin.