The Brow Boss Ltd. 11945671 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of a microblading specialist. Digita Accounts Production Advanced 6.30.9574.0 true true 11945671 2023-05-01 2024-04-30 11945671 2024-04-30 11945671 bus:OrdinaryShareClass1 2024-04-30 11945671 core:CurrentFinancialInstruments 2024-04-30 11945671 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11945671 core:Non-currentFinancialInstruments 2024-04-30 11945671 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11945671 core:OtherPropertyPlantEquipment 2024-04-30 11945671 1 2024-04-30 11945671 bus:SmallEntities 2023-05-01 2024-04-30 11945671 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11945671 bus:FullAccounts 2023-05-01 2024-04-30 11945671 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11945671 bus:RegisteredOffice 2023-05-01 2024-04-30 11945671 bus:Director1 2023-05-01 2024-04-30 11945671 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11945671 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11945671 bus:Agent1 2023-05-01 2024-04-30 11945671 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 11945671 core:ToolsEquipment 2023-05-01 2024-04-30 11945671 1 2023-05-01 2024-04-30 11945671 countries:EnglandWales 2023-05-01 2024-04-30 11945671 2023-04-30 11945671 core:OtherPropertyPlantEquipment 2023-04-30 11945671 2022-05-01 2023-04-30 11945671 2023-04-30 11945671 bus:OrdinaryShareClass1 2023-04-30 11945671 core:CurrentFinancialInstruments 2023-04-30 11945671 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11945671 core:Non-currentFinancialInstruments 2023-04-30 11945671 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11945671 core:OtherPropertyPlantEquipment 2023-04-30 11945671 1 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11945671

The Brow Boss Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

































 

 

Contents

Company Information

1

Accountant's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

Company Information

Director

Miss Nikki Chrysanthou

Registered office

Seaton House
Main Road
EXMINSTER
Devon
EX6 8DB

Bankers

Lloyds Bank plc
Chelmsford
Chelmsford Legg St Ocs
1 Legg Street
CHELMSFORD
Essex
CM1 1JS

Accountants

Mr Dennis King
Accountant
22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

 

Accountant's Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Brow Boss Ltd.
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Brow Boss Ltd. for the year ended 30 April 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given me.

This report is made solely to the Board of Directors of The Brow Boss Ltd., as a body. My work has been undertaken solely to prepare for your approval the accounts of The Brow Boss Ltd. and state those matters that I have agreed to state to the Board of Directors of The Brow Boss Ltd., as a body. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The Brow Boss Ltd. and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that The Brow Boss Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Brow Boss Ltd.. You consider that The Brow Boss Ltd. is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of The Brow Boss Ltd.. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Mr Dennis King
Accountant
22 Rosemary Avenue
NEWTON ABBOT
Devon
TQ12 1NT

26 November 2024

 

(Registration number: 11945671)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

895

1,092

Current assets

 

Stocks

5

550

700

Debtors

6

23,045

42,489

Cash at bank and in hand

 

120

1,282

 

23,715

44,471

Creditors: Amounts falling due within one year

7

(6,603)

(9,346)

Net current assets

 

17,112

35,125

Total assets less current liabilities

 

18,007

36,217

Creditors: Amounts falling due after more than one year

7

(3,857)

(7,286)

Net assets

 

14,150

28,931

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

14,149

28,930

Shareholders' funds

 

14,150

28,931

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Miss Nikki Chrysanthou
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Seaton House
Main Road
EXMINSTER
Devon
EX6 8DB
United Kingdom

These financial statements were authorised for issue by the director on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

18% of written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Equipment
£

Total
£

Cost or valuation

At 1 May 2023

2,440

2,440

At 30 April 2024

2,440

2,440

Depreciation

At 1 May 2023

1,348

1,348

Charge for the year

197

197

At 30 April 2024

1,545

1,545

Carrying amount

At 30 April 2024

895

895

At 30 April 2023

1,092

1,092

5

Stocks

2024
£

2023
£

Other inventories

550

700

6

Debtors

Current

2024
£

2023
£

Other debtors

23,045

42,489

 

23,045

42,489

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

5,040

6,490

Amounts due to related parties

 

415

1,064

Taxation and social security

 

182

1,126

Other creditors

 

966

666

 

6,603

9,346

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

3,857

7,286

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary GBP1 of £1 each

1

1

1

1

       
 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,857

7,286

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,850

4,000

Other borrowings

1,190

2,490

5,040

6,490

Bank borrowings

Lloyds Bank PLC Bounce Back Loan is denominated in GBP with a nominal interest rate of 2.5%%, and the final instalment is due on 30 April 2026. The carrying amount at year end is £7,707 (2023 - £11,286).

10

Dividends

2024

2023

£

£

Interim dividend of £15,000.00 (2023 - £5,000.00) per ordinary share

15,000

5,000

 

 

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,940

11,940