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REGISTERED NUMBER: 10143356 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

PRESCENTS HEALTH & BEAUTY SALON LIMITED

PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESCENTS HEALTH & BEAUTY SALON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Director: Mrs T Rowe





Registered office: 3 Tanhouse Close
Hedge End
Southampton
Hampshire
SO30 0FB





Registered number: 10143356 (England and Wales)





Accountants: M Squared Accounting Ltd
Botley Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB

PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,983 21,228

Current assets
Stocks 15,000 15,000
Debtors 5 24,490 10,446
Cash at bank and in hand 642 802
40,132 26,248
Creditors
Amounts falling due within one year 6 34,669 18,981
Net current assets 5,463 7,267
Total assets less current liabilities 17,446 28,495

Creditors
Amounts falling due after more than one
year

7

(12,883

)

(23,183

)

Provisions for liabilities (4,033 ) (4,033 )
Net assets 530 1,279

Capital and reserves
Called up share capital 100 100
Retained earnings 430 1,179
530 1,279

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 director acknowledges her 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.

PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)

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 director and authorised for issue on 24 January 2025 and were signed by:





Mrs T Rowe - Director


PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)

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

1. STATUTORY INFORMATION

Prescents Health & Beauty Salon 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 41,328 6,929 48,257
DEPRECIATION
At 1 May 2023 22,977 4,052 27,029
Charge for year 7,925 1,320 9,245
At 30 April 2024 30,902 5,372 36,274
NET BOOK VALUE
At 30 April 2024 10,426 1,557 11,983
At 30 April 2023 18,351 2,877 21,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,490 10,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,972 9,400
Hire purchase contracts - 413
Taxation and social security 10,653 8,056
Other creditors 14,044 1,112
34,669 18,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,883 23,183

PRESCENTS HEALTH & BEAUTY SALON LIMITED (REGISTERED NUMBER: 10143356)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs T Rowe
Balance outstanding at start of year (36 ) (682 )
Amounts advanced 24,147 22,751
Amounts repaid (8,627 ) (22,105 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,484 (36 )

Interest has been charged on this loan, at 2% pa, calculated using the averaging method.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T Rowe.