Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseNo description of principal activity11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC694373 2023-05-01 2024-04-30 SC694373 2022-05-01 2023-04-30 SC694373 2024-04-30 SC694373 2023-04-30 SC694373 c:Director1 2023-05-01 2024-04-30 SC694373 c:RegisteredOffice 2023-05-01 2024-04-30 SC694373 d:FurnitureFittings 2023-05-01 2024-04-30 SC694373 d:FurnitureFittings 2024-04-30 SC694373 d:FurnitureFittings 2023-04-30 SC694373 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC694373 d:CurrentFinancialInstruments 2024-04-30 SC694373 d:CurrentFinancialInstruments 2023-04-30 SC694373 d:Non-currentFinancialInstruments 2024-04-30 SC694373 d:Non-currentFinancialInstruments 2023-04-30 SC694373 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 SC694373 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC694373 d:ShareCapital 2024-04-30 SC694373 d:ShareCapital 2023-04-30 SC694373 d:RetainedEarningsAccumulatedLosses 2024-04-30 SC694373 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC694373 c:OrdinaryShareClass1 2023-05-01 2024-04-30 SC694373 c:OrdinaryShareClass1 2024-04-30 SC694373 c:OrdinaryShareClass1 2023-04-30 SC694373 c:FRS102 2023-05-01 2024-04-30 SC694373 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC694373 c:FullAccounts 2023-05-01 2024-04-30 SC694373 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC694373 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC694373










THE BEAUTY LOUNGE EDINBURGH LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

COMPANY INFORMATION


Director
Miss A Munro 




Registered number
SC694373



Registered office
15 Kingsknowe Park

Edinburgh

Scotland

EH14 2JQ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
THE BEAUTY LOUNGE EDINBURGH LTD
REGISTERED NUMBER: SC694373

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
3,275
3,031

  
3,275
3,031

Current assets
  

Stocks
  
2,000
2,000

Debtors
 5 
9,725
4,250

Bank and cash balances
  
3,306
8,774

  
15,031
15,024

Creditors: amounts falling due within one year
 6 
(17,680)
(7,581)

Net current (liabilities)/assets
  
 
 
(2,649)
 
 
7,443

Total assets less current liabilities
  
626
10,474

Provisions for liabilities
  

Deferred tax
  
(622)
(576)

  
 
 
(622)
 
 
(576)

Net assets
  
4
9,898


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
3
9,897

  
4
9,898


Page 1

 
THE BEAUTY LOUNGE EDINBURGH LTD
REGISTERED NUMBER: SC694373

STATEMENT OF FINANCIAL POSITION (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 income and retained earnings 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 by: 




Miss A Munro
Director

Date: 8 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Beauty Lounge Ltd is a private limited company, limited by shares, incorporated in Scotland with registration number SC694373. The registered office is 15 Kingsknowe Park, Edinburgh, Scotland, EH14 2JQ.
The financial statements are presented in Sterling which is the functional currency of the Company and 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:

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

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

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.

Page 4

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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 reporting 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.

 
2.6

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.

Financial instruments are recognised in the Company's Statement of financial position 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.

 
2.7

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 1 (2023 - 1)

Page 5

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
3,736


Additions
1,189



At 30 April 2024

4,925



Depreciation


At 1 May 2023
705


Charge for the year on owned assets
945



At 30 April 2024

1,650



Net book value



At 30 April 2024
3,275



At 30 April 2023
3,031

Page 6

 
THE BEAUTY LOUNGE EDINBURGH LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
6,350
4,250

Other debtors
3,375
-

9,725
4,250


Included within other debtors is an amount of £3,375 due from the director. No interest has been charged. The loan was repaid on 31 December 2024.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
16,120
5,890

Other creditors
-
651

Accruals and deferred income
1,560
1,040

17,680
7,581



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



Page 7