Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falseNo description of principal activity2023-02-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12429028 2023-02-01 2024-01-31 12429028 2022-02-01 2023-01-31 12429028 2024-01-31 12429028 2023-01-31 12429028 c:Director1 2023-02-01 2024-01-31 12429028 c:RegisteredOffice 2023-02-01 2024-01-31 12429028 d:PlantMachinery 2023-02-01 2024-01-31 12429028 d:PlantMachinery 2024-01-31 12429028 d:PlantMachinery 2023-01-31 12429028 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12429028 d:ComputerEquipment 2023-02-01 2024-01-31 12429028 d:ComputerEquipment 2024-01-31 12429028 d:ComputerEquipment 2023-01-31 12429028 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12429028 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12429028 d:CurrentFinancialInstruments 2024-01-31 12429028 d:CurrentFinancialInstruments 2023-01-31 12429028 d:Non-currentFinancialInstruments 2024-01-31 12429028 d:Non-currentFinancialInstruments 2023-01-31 12429028 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12429028 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12429028 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12429028 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12429028 d:ShareCapital 2024-01-31 12429028 d:ShareCapital 2023-01-31 12429028 d:RetainedEarningsAccumulatedLosses 2024-01-31 12429028 d:RetainedEarningsAccumulatedLosses 2023-01-31 12429028 c:FRS102 2023-02-01 2024-01-31 12429028 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12429028 c:FullAccounts 2023-02-01 2024-01-31 12429028 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 12429028







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


PALM BEAUTY & AESTHETICS LIMITED






































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PALM BEAUTY & AESTHETICS LIMITED
 


 
COMPANY INFORMATION


Director
F E Cooke 




Registered number
12429028



Registered office
Richmond House
Walkern Road

Stevenage

SG1 3QP




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


PALM BEAUTY & AESTHETICS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PALM BEAUTY & AESTHETICS LIMITED
REGISTERED NUMBER:12429028



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,636
2,993

  
1,636
2,993

Current assets
  

Stocks
  
4,490
1,750

Debtors: amounts falling due within one year
 5 
9,433
15,667

Bank and cash balances
  
4,560
1,919

  
18,483
19,336

Creditors: amounts falling due within one year
 6 
(13,989)
(8,200)

Net current assets
  
 
 
4,494
 
 
11,136

Total assets less current liabilities
  
6,130
14,129

Creditors: amounts falling due after more than one year
 7 
(4,609)
(7,809)

  

Net assets
  
1,521
6,320


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,421
6,220

  
1,521
6,320


Page 1

 


PALM BEAUTY & AESTHETICS LIMITED
REGISTERED NUMBER:12429028


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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: 




................................................
F E Cooke
Director

Date: 27 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PALM BEAUTY & AESTHETICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Palm Beauty & Aesthetics Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling (£).

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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.

 
2.3

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 reporting date in the countries where the Company operates and generates income.

 
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.

Page 3

 


PALM BEAUTY & AESTHETICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

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:

Plant and equipment
-
25%
Computer equipment
-
25%

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.

 
2.5

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

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


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


PALM BEAUTY & AESTHETICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
1,247
4,179
5,426



At 31 January 2024

1,247
4,179
5,426



Depreciation


At 1 February 2023
208
2,225
2,433


Charge for the year on owned assets
312
1,045
1,357



At 31 January 2024

520
3,270
3,790



Net book value



At 31 January 2024
727
909
1,636



At 31 January 2023
1,039
1,954
2,993


5.


Debtors

2024
2023
£
£


Other debtors
7,234
13,468

Tax recoverable
2,199
2,199

9,433
15,667



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,200
3,200

Corporation tax
9,789
3,910

Other taxation and social security
-
90

Accruals and deferred income
1,000
1,000

13,989
8,200


Page 5

 


PALM BEAUTY & AESTHETICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,609
7,809

4,609
7,809



8.


Director's benefits: advances, credit and guarantees

At the year end date the director owed £6,503 to the company (2023: £12,737). The balance is free of interest charges and is included in debtors.

 
Page 6