Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30hairdresserstrue2023-05-01false1816trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04726498 2023-05-01 2024-04-30 04726498 2022-05-01 2023-04-30 04726498 2024-04-30 04726498 2023-04-30 04726498 c:Director1 2023-05-01 2024-04-30 04726498 d:Buildings 2023-05-01 2024-04-30 04726498 d:Buildings 2024-04-30 04726498 d:Buildings 2023-04-30 04726498 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04726498 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-04-30 04726498 d:Buildings d:ShortLeaseholdAssets 2024-04-30 04726498 d:Buildings d:ShortLeaseholdAssets 2023-04-30 04726498 d:FurnitureFittings 2023-05-01 2024-04-30 04726498 d:FurnitureFittings 2024-04-30 04726498 d:FurnitureFittings 2023-04-30 04726498 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04726498 d:OfficeEquipment 2023-05-01 2024-04-30 04726498 d:OfficeEquipment 2024-04-30 04726498 d:OfficeEquipment 2023-04-30 04726498 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04726498 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04726498 d:CurrentFinancialInstruments 2024-04-30 04726498 d:CurrentFinancialInstruments 2023-04-30 04726498 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04726498 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04726498 d:ShareCapital 2024-04-30 04726498 d:ShareCapital 2023-04-30 04726498 d:RetainedEarningsAccumulatedLosses 2024-04-30 04726498 d:RetainedEarningsAccumulatedLosses 2023-04-30 04726498 c:FRS102 2023-05-01 2024-04-30 04726498 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04726498 c:FullAccounts 2023-05-01 2024-04-30 04726498 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04726498 2 2023-05-01 2024-04-30 04726498 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 04726498









MOSAIC HAIR & BEAUTY STUDIO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
REGISTERED NUMBER: 04726498

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,718
33,618

  
33,718
33,618

Current assets
  

Stocks
  
7,281
9,745

Debtors: amounts falling due within one year
 5 
7,572
11,066

Cash at bank and in hand
 6 
121,979
141,277

  
136,832
162,088

Creditors: amounts falling due within one year
 7 
(63,850)
(75,267)

Net current assets
  
 
 
72,982
 
 
86,821

Total assets less current liabilities
  
106,700
120,439

  

Net assets
  
106,700
120,439


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
106,600
120,339

  
106,700
120,439


Page 1

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
REGISTERED NUMBER: 04726498
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2025.




S Jimminson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a limited liability company with share capital registered in England & Wales under the company number 04726498 with its registered office at Basepoint Bus & Inn Centre, Great Marlings, Luton, Bedfordshire LU2 8DL.
The company's trading address is 43 The Quadrant, St Albans, Hertfordshire AL4 9RB.
Amounts included in the financial statements are stated in GB£ and are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
1%
straight line
Short-term leasehold property
-
20%
Fixtures and fittings
-
25%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 5

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 18 (2023 - 16).

Page 6

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
20,691
13,476
165,691
10,940
210,798


Additions
-
-
-
3,503
3,503



At 30 April 2024

20,691
13,476
165,691
14,443
214,301



Depreciation


At 1 May 2023
1,035
8,101
159,466
8,578
177,180


Charge for the year on owned assets
207
269
1,556
1,371
3,403



At 30 April 2024

1,242
8,370
161,022
9,949
180,583



Net book value



At 30 April 2024
19,449
5,106
4,669
4,494
33,718



At 30 April 2023
19,656
5,375
6,225
2,362
33,618

Page 7

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,559
4,677

Other debtors
130
-

Prepayments and accrued income
4,883
6,389

7,572
11,066



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
121,979
141,277

121,979
141,277



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,942
18,154

Corporation tax
7,385
11,900

Other taxation and social security
38,844
35,926

Other creditors
3,645
2,663

Accruals and deferred income
4,034
6,624

63,850
75,267



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £108,715 (2023 - £42,588) . Contributions totalling £705 (2023 - £673) were payable to the fund at the balance sheet date and are included in creditors.

Page 8

 
MOSAIC HAIR & BEAUTY STUDIO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Controlling party

The immediate and ultimate controlling party is S Jimminson, the company's director, by virtue of her shareholding in the company.

 
Page 9