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Registered number: 06992607
Beauty Brows Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06992607
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,521 21,491
19,521 21,491
CURRENT ASSETS
Stocks 5 450 360
Debtors 6 28,196 24,196
Cash at bank and in hand 4,051 4,091
32,697 28,647
Creditors: Amounts Falling Due Within One Year 7 (43,736 ) (38,700 )
NET CURRENT ASSETS (LIABILITIES) (11,039 ) (10,053 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,482 11,438
Creditors: Amounts Falling Due After More Than One Year 8 (23,281 ) (28,275 )
NET LIABILITIES (14,799 ) (16,837 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (14,800 ) (16,838 )
SHAREHOLDERS' FUNDS (14,799) (16,837)
Page 1
Page 2
For the year ending 31 August 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 his 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
Mr Muhammad Nadeem Chaudhry
Director
22/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Beauty Brows Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06992607 . The registered office is 90 , Chandler Way, London, SE15 6GU.
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 20% reducing balance
Fixtures & Fittings 15% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 23,725 76,609 100,334
Additions 1,750 - 1,750
As at 31 August 2024 25,475 76,609 102,084
Depreciation
As at 1 September 2023 20,819 58,024 78,843
Provided during the period 932 2,788 3,720
As at 31 August 2024 21,751 60,812 82,563
...CONTINUED
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Net Book Value
As at 31 August 2024 3,724 15,797 19,521
As at 1 September 2023 2,906 18,585 21,491
5. Stocks
2024 2023
£ £
Finished goods 450 360
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,196 24,196
Prepayments and accrued income 4,000 -
28,196 24,196
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,065 673
Other taxes and social security 586 37
Net wages 3,546 -
Accruals and deferred income 550 700
Director's loan account 37,989 37,290
43,736 38,700
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,281 28,275
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4