Acorah Software Products - Accounts Production 16.1.200 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09106577 Miss J Pilbeam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09106577 2023-07-31 09106577 2024-07-31 09106577 2023-08-01 2024-07-31 09106577 frs-core:CurrentFinancialInstruments 2024-07-31 09106577 frs-core:Non-currentFinancialInstruments 2024-07-31 09106577 frs-core:ComputerEquipment 2024-07-31 09106577 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09106577 frs-core:ComputerEquipment 2023-07-31 09106577 frs-core:FurnitureFittings 2024-07-31 09106577 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09106577 frs-core:FurnitureFittings 2023-07-31 09106577 frs-core:PlantMachinery 2024-07-31 09106577 frs-core:PlantMachinery 2023-08-01 2024-07-31 09106577 frs-core:PlantMachinery 2023-07-31 09106577 frs-core:ShareCapital 2024-07-31 09106577 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09106577 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09106577 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09106577 frs-bus:SmallEntities 2023-08-01 2024-07-31 09106577 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09106577 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09106577 frs-bus:Director1 2023-08-01 2024-07-31 09106577 frs-countries:EnglandWales 2023-08-01 2024-07-31 09106577 2022-07-31 09106577 2023-07-31 09106577 2022-08-01 2023-07-31 09106577 frs-core:CurrentFinancialInstruments 2023-07-31 09106577 frs-core:Non-currentFinancialInstruments 2023-07-31 09106577 frs-core:ShareCapital 2023-07-31 09106577 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09106577
Blend Beauty Limited
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09106577
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,235 23,955
32,235 23,955
CURRENT ASSETS
Stocks 5 10,733 10,733
Debtors 6 635 579
Cash at bank and in hand 20,756 5,266
32,124 16,578
Creditors: Amounts Falling Due Within One Year 7 (30,551 ) (18,445 )
NET CURRENT ASSETS (LIABILITIES) 1,573 (1,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 33,808 22,088
Creditors: Amounts Falling Due After More Than One Year 8 (14,185 ) (17,387 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,677 ) (2,895 )
NET ASSETS 11,946 1,806
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 11,846 1,706
SHAREHOLDERS' FUNDS 11,946 1,806
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss J Pilbeam
Director
4 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Blend Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09106577 . The registered office is Blend Beauty Limited t/a Blend Salon, 48 Queen Street, Derby, DE1 3DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 10% Reducing balance
Computer Equipment 33% Straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 10,049 24,171 16,332 50,552
Additions 5,764 5,716 1,515 12,995
As at 31 July 2024 15,813 29,887 17,847 63,547
Depreciation
As at 1 August 2023 8,107 11,088 7,402 26,597
Provided during the period 1,222 2,409 1,084 4,715
As at 31 July 2024 9,329 13,497 8,486 31,312
Net Book Value
As at 31 July 2024 6,484 16,390 9,361 32,235
As at 1 August 2023 1,942 13,083 8,930 23,955
5. Stocks
2024 2023
£ £
Stock 10,733 10,733
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 635 579
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 968 1,495
Bank loans and overdrafts 3,202 3,123
Corporation tax 4,261 3,388
Other taxes and social security 1,903 311
VAT 3,803 1,191
Other creditors 9,099 3,099
Accruals and deferred income - 372
Director's loan account 7,315 5,466
30,551 18,445
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,185 17,387
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5