IRIS Accounts Production v24.3.2.46 07604563 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076045632023-04-30076045632024-04-30076045632023-05-012024-04-30076045632022-04-30076045632022-05-012023-04-30076045632023-04-3007604563ns15:EnglandWales2023-05-012024-04-3007604563ns14:PoundSterling2023-05-012024-04-3007604563ns10:Director12023-05-012024-04-3007604563ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007604563ns10:SmallEntities2023-05-012024-04-3007604563ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3007604563ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007604563ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007604563ns10:FullAccounts2023-05-012024-04-300760456312023-05-012024-04-3007604563ns10:Director22023-05-012024-04-3007604563ns10:RegisteredOffice2023-05-012024-04-3007604563ns5:CurrentFinancialInstruments2024-04-3007604563ns5:CurrentFinancialInstruments2023-04-3007604563ns5:ShareCapital2024-04-3007604563ns5:ShareCapital2023-04-3007604563ns5:RetainedEarningsAccumulatedLosses2024-04-3007604563ns5:RetainedEarningsAccumulatedLosses2023-04-3007604563ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3007604563ns5:NetGoodwill2023-04-3007604563ns5:NetGoodwill2023-05-012024-04-3007604563ns5:NetGoodwill2024-04-3007604563ns5:NetGoodwill2023-04-3007604563ns5:PlantMachinery2023-04-3007604563ns5:PlantMachinery2023-05-012024-04-3007604563ns5:PlantMachinery2024-04-3007604563ns5:PlantMachinery2023-04-3007604563ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3007604563ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 07604563 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BETTER BROWS LIMITED

BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BETTER BROWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr P R Mehta
Mrs A P Mehta





REGISTERED OFFICE: 52 Briar Way
West Drayton
UB7 9AS





REGISTERED NUMBER: 07604563 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BETTER BROWS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Better Brows Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Better Brows Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Better Brows Limited and state those matters that we have agreed to state to the Board of Directors of Better Brows Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Better Brows Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Better Brows Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Better Brows Limited. You consider that Better Brows Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Better Brows Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


29 January 2025

BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,001 4,201
Tangible assets 5 193,090 141,648
194,091 145,849

CURRENT ASSETS
Stocks 29,839 4,986
Debtors 6 43,910 42,654
Cash at bank and in hand 249,689 291,757
323,438 339,397
CREDITORS
Amounts falling due within one year 7 244,630 332,327
NET CURRENT ASSETS 78,808 7,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,899

152,919

PROVISIONS FOR LIABILITIES 36,687 26,913
NET ASSETS 236,212 126,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 236,112 125,906
236,212 126,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr P R Mehta - Director


BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

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


1. STATUTORY INFORMATION

Better Brows 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 66 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 16,002
AMORTISATION
At 1 May 2023 11,801
Charge for year 3,200
At 30 April 2024 15,001
NET BOOK VALUE
At 30 April 2024 1,001
At 30 April 2023 4,201

BETTER BROWS LIMITED (REGISTERED NUMBER: 07604563)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023 418,681
Additions 115,805
At 30 April 2024 534,486
DEPRECIATION
At 1 May 2023 277,033
Charge for year 64,363
At 30 April 2024 341,396
NET BOOK VALUE
At 30 April 2024 193,090
At 30 April 2023 141,648

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Other debtors 43,910 42,654

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Bank loans and overdrafts 116,126 154,543
Taxation and social security 101,625 83,050
Other creditors 26,879 94,734
244,630 332,327