9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 10,000 xbrli:pure xbrli:shares iso4217:GBP SC361823 2023-07-01 2024-06-30 SC361823 2024-06-30 SC361823 2023-06-30 SC361823 2022-07-01 2023-06-30 SC361823 2023-06-30 SC361823 2022-06-30 SC361823 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30 SC361823 core:PlantMachinery 2023-07-01 2024-06-30 SC361823 core:FurnitureFittings 2023-07-01 2024-06-30 SC361823 bus:Director2 2023-07-01 2024-06-30 SC361823 core:LandBuildings 2023-06-30 SC361823 core:PlantMachinery 2023-06-30 SC361823 core:FurnitureFittings 2023-06-30 SC361823 core:LandBuildings 2024-06-30 SC361823 core:PlantMachinery 2024-06-30 SC361823 core:FurnitureFittings 2024-06-30 SC361823 core:WithinOneYear 2024-06-30 SC361823 core:WithinOneYear 2023-06-30 SC361823 core:AfterOneYear 2024-06-30 SC361823 core:AfterOneYear 2023-06-30 SC361823 core:ShareCapital 2024-06-30 SC361823 core:ShareCapital 2023-06-30 SC361823 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC361823 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC361823 core:NetGoodwill 2024-06-30 SC361823 core:NetGoodwill 2023-06-30 SC361823 core:PlantMachinery 2023-06-30 SC361823 core:FurnitureFittings 2023-06-30 SC361823 bus:SmallEntities 2023-07-01 2024-06-30 SC361823 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC361823 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC361823 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC361823 bus:FullAccounts 2023-07-01 2024-06-30 SC361823 core:ParentEntities 2023-07-01 2024-06-30 SC361823 core:ParentEntities 2022-07-01 2023-06-30 SC361823 core:OfficeEquipment 2023-07-01 2024-06-30 SC361823 core:OfficeEquipment 2024-06-30 SC361823 core:OfficeEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: SC361823
Natural You Beauty Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Natural You Beauty Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
10,000
10,000
Tangible assets
6
9,044
10,638
--------
--------
19,044
20,638
Current assets
Stocks
7,934
7,802
Debtors
7
2,271
Cash at bank and in hand
125,685
121,327
---------
---------
133,619
131,400
Creditors: amounts falling due within one year
8
65,948
68,378
---------
---------
Net current assets
67,671
63,022
--------
--------
Total assets less current liabilities
86,715
83,660
Creditors: amounts falling due after more than one year
9
10,739
20,318
Provisions
Taxation including deferred tax
2,261
2,200
--------
--------
Net assets
73,715
61,142
--------
--------
Capital and reserves
Called up share capital
104
104
Profit and loss account
73,611
61,038
--------
--------
Shareholder funds
73,715
61,142
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Natural You Beauty Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Ms L Guthrie
Director
Company registration number: SC361823
Natural You Beauty Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 33 Kittoch Street, East Kilbride, Glasgow, G74 4JW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
10% straight line
Plant and equipment
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 10 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
10,000
--------
Amortisation
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
10,000
--------
At 30 June 2023
10,000
--------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
15,000
34,433
9,403
2,337
61,173
--------
--------
-------
-------
--------
Depreciation
At 1 July 2023
15,000
27,009
6,739
1,787
50,535
Charge for the year
1,113
399
82
1,594
--------
--------
-------
-------
--------
At 30 June 2024
15,000
28,122
7,138
1,869
52,129
--------
--------
-------
-------
--------
Carrying amount
At 30 June 2024
6,311
2,265
468
9,044
--------
--------
-------
-------
--------
At 30 June 2023
7,424
2,664
550
10,638
--------
--------
-------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
2,271
----
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
5,595
3,222
Corporation tax
21,212
28,139
Social security and other taxes
15,868
16,936
Other creditors
13,273
10,081
--------
--------
65,948
68,378
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,739
20,318
--------
--------
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
2024
2023
£
£
GG Beauty Ltd
43,349
62,400
--------
--------
Control:- The company was under the control of Ms L Guthrie at the statement of financial position date. Ms L Guthrie is the sole director and controls 100% of the issued share capital. Transactions:- No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.
11. Controlling party
The company's parent undertaking was GG Beauty Ltd, a company incorporated in Scotland, and controlled by the director.