1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2023 - FRS102_2023 9,000 4,500 900 5,400 3,600 4,500 2,649 2,377 90 2,467 182 272 xbrli:pure xbrli:shares iso4217:GBP 11131712 2023-02-01 2024-01-31 11131712 2024-01-31 11131712 2023-01-31 11131712 2022-02-01 2023-01-31 11131712 2023-01-31 11131712 2022-01-31 11131712 core:NetGoodwill 2023-02-01 2024-01-31 11131712 bus:Director1 2023-02-01 2024-01-31 11131712 core:NetGoodwill 2023-01-31 11131712 core:NetGoodwill 2024-01-31 11131712 core:WithinOneYear 2024-01-31 11131712 core:WithinOneYear 2023-01-31 11131712 core:AfterOneYear 2023-01-31 11131712 core:ShareCapital 2024-01-31 11131712 core:ShareCapital 2023-01-31 11131712 core:RetainedEarningsAccumulatedLosses 2024-01-31 11131712 core:RetainedEarningsAccumulatedLosses 2023-01-31 11131712 core:NetGoodwill 2023-01-31 11131712 bus:SmallEntities 2023-02-01 2024-01-31 11131712 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11131712 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11131712 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11131712 bus:FullAccounts 2023-02-01 2024-01-31 11131712 core:ToolsEquipment 2023-02-01 2024-01-31 11131712 core:ToolsEquipment 2024-01-31 11131712 core:ToolsEquipment 2023-01-31
COMPANY REGISTRATION NUMBER: 11131712
GEMMA JONES ADVANCED AESTHETICS ACADEMY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
GEMMA JONES ADVANCED AESTHETICS ACADEMY LTD
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
3,600
4,500
Tangible assets
6
182
272
--------
--------
3,782
4,772
CURRENT ASSETS
Stocks
400
500
Debtors
7
24,075
30,764
Cash at bank and in hand
2,458
97
---------
---------
26,933
31,361
CREDITORS: amounts falling due within one year
8
42,499
29,550
---------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 15,566)
1,811
---------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 11,784)
6,583
CREDITORS: amounts falling due after more than one year
9
14,487
---------
---------
NET LIABILITIES
( 11,784)
( 7,904)
---------
---------
GEMMA JONES ADVANCED AESTHETICS ACADEMY LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 11,785)
( 7,905)
---------
--------
SHAREHOLDERS DEFICIT
( 11,784)
( 7,904)
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Ms G Jones
Director
Company registration number: 11131712
GEMMA JONES ADVANCED AESTHETICS ACADEMY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
9,000
--------
Amortisation
At 1 February 2023
4,500
Charge for the year
900
--------
At 31 January 2024
5,400
--------
Carrying amount
At 31 January 2024
3,600
--------
At 31 January 2023
4,500
--------
6. TANGIBLE ASSETS
Equipment
£
Cost
At 1 February 2023 and 31 January 2024
2,649
--------
Depreciation
At 1 February 2023
2,377
Charge for the year
90
--------
At 31 January 2024
2,467
--------
Carrying amount
At 31 January 2024
182
--------
At 31 January 2023
272
--------
7. DEBTORS
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
23,497
30,764
Other debtors
578
---------
---------
24,075
30,764
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
15,437
6,940
Corporation tax
53
4,494
Social security and other taxes
69
Other creditors
27,009
18,047
---------
---------
42,499
29,550
---------
---------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,487
-----
---------
10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
The directors loan account was in credit, the balance at the year end was £23,989 (2023 - £15,647). The loan is unsecured, repayable on demand and no interest is charged.