J R BEAUTY SERVICES LIMITED

Company Registration Number:
05812792 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

J R BEAUTY SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

J R BEAUTY SERVICES LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Julie Ann Richards
Secretary: David Miles Richards
Registered office: The Thatch
Whitley Hill
Henley-In-Arden
West Midlands
B95 5DL
Company Registration Number: 05812792 (England and Wales)

J R BEAUTY SERVICES LIMITED

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

Provision of beauty treatments and related products

Political and charitable donations

No donations were made during the year (2022/23: £25)

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
Julie Ann Richards

Secretary
David Miles Richards

This report was approved by the board of directors on 9 January 2025
And Signed On Behalf Of The Board By:

Name: Julie Ann Richards
Status: Director

J R BEAUTY SERVICES LIMITED

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Turnover 146,099 119,065
Cost of sales ( 23,414 ) ( 25,741 )
Gross Profit or (Loss) 122,685 93,324
Administrative Expenses ( 106,935 ) ( 104,849 )
Operating Profit or (Loss) 15,750 ( 11,525 )
Interest Receivable and Similar Income - 1
Interest Payable and Similar Charges ( 8,775 ) ( 5,451 )
Profit or (Loss) Before Tax 6,975 ( 16,975 )
Profit or (Loss) for Period 6,975 ( 16,975 )

The notes form part of these financial statements

J R BEAUTY SERVICES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 62,171 74,724
Total fixed assets: 62,171 74,724
Current assets
Stocks: 20,763 18,265
Debtors: 5 4,859 5,152
Cash at bank and in hand: 199
Total current assets: 25,622 23,616
Prepayments and accrued income: 4,475 4,417
Creditors: amounts falling due within one year: 6 ( 51,078 ) ( 38,255 )
Net current assets (liabilities): ( 20,981 ) ( 10,222 )
Total assets less current liabilities: 41,190 64,502
Creditors: amounts falling due after more than one year: 7 ( 144,509 ) ( 163,846 )
Accruals and deferred income: ( 13,085 ) ( 24,034 )
Total net assets (liabilities): ( 116,404 ) ( 123,378 )

The notes form part of these financial statements

J R BEAUTY SERVICES LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 116,406 ) ( 123,380 )
Shareholders funds: ( 116,404 ) ( 123,378 )

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 9 January 2025
And Signed On Behalf Of The Board By:

Name: Julie Ann Richards
Status: Director

The notes form part of these financial statements

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Furniture and Fixtures - 20%, Office Equipment - 20%

    Valuation information and policy

    Stock and work in progress are valued at the lower of cost and net realisable value, after making allowances for obsolete and slow-moving stock.

    Other accounting policies

    Hire purchase and leasing commitments - Assets obtained under hire purchase or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability, Rentals paid under operating leases are charged to the profit and loss account o a straight line basis over the period of the lease.

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 June 2023 27,116 189,647 216,763
Additions - 7,267 7,267
Disposals - ( 292 ) ( 292 )
Revaluations - - -
Transfers - - -
At 31 May 2024 27,116 196,622 223,738
Depreciation
At 01 June 2023 27,116 114,923 142,039
Charge for year - 19,820 19,820
On disposals - ( 292 ) ( 292 )
Other adjustments - - -
At 31 May 2024 27,116 134,451 161,567
Net book value
At 31 May 2024 0 62,171 62,171
At 31 May 2023 0 74,724 74,724

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors


2024
£

2023
£
Trade debtors 234 55
Other debtors 4,625 5,097
Total 4,859 5,152
Debtors due after more than one year: 4,625

Other debtors relates to a rent deposit to landlord of £4625, which was repaid in October 2024.

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 7,906 7,390
Amounts due under finance leases and hire purchase contracts 19,798 19,798
Trade creditors 15,502 10,458
Taxation and social security 7,805 550
Other creditors 67 59
Total 51,078 38,255

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 8,460 12,600
Amounts due under finance leases and hire purchase contracts 31,004 45,802
Other creditors 105,045 105,444
Total 144,509 163,846

Other creditors relates to a Director's loan of £105,045 (2022/23: £98778)

J R BEAUTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8.1.Related party disclosures

Name of related party: Julie Richards
Description of relationship:
Director and Shareholder (100%)
Description of the transaction:
Interest free loan made to the company
Balance at 01 June 2023 98,778
Balance at 31 May 2024 105,044