9 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 83,016 82,270 xbrli:pure xbrli:shares iso4217:GBP 08509792 2023-05-01 2024-04-30 08509792 2024-04-30 08509792 2023-04-30 08509792 2022-05-01 2023-04-30 08509792 2023-04-30 08509792 2022-04-30 08509792 core:FurnitureFittings 2023-05-01 2024-04-30 08509792 bus:Director2 2023-05-01 2024-04-30 08509792 bus:Director3 2023-05-01 2024-04-30 08509792 core:FurnitureFittings 2023-04-30 08509792 core:FurnitureFittings 2024-04-30 08509792 core:WithinOneYear 2024-04-30 08509792 core:WithinOneYear 2023-04-30 08509792 core:RetainedEarningsAccumulatedLosses 2023-04-30 08509792 core:RetainedEarningsAccumulatedLosses 2022-04-30 08509792 core:RetainedEarningsAccumulatedLosses 2024-04-30 08509792 core:RetainedEarningsAccumulatedLosses 2023-04-30 08509792 core:ShareCapital 2024-04-30 08509792 core:ShareCapital 2023-04-30 08509792 core:FurnitureFittings 2023-04-30 08509792 bus:Director1 2023-05-01 2024-04-30 08509792 bus:SmallEntities 2023-05-01 2024-04-30 08509792 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08509792 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08509792 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08509792 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 08509792
Branded Beauty Limited
Unaudited Financial Statements
30 April 2024
Branded Beauty Limited
Financial Statements
Year ended 30 April 2024
Contents
Pages
Directors' report
1
Income statement
2
Statement of financial position
3
Notes to the financial statements
4 to 6
Branded Beauty Limited
Directors' Report
Year ended 30 April 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2024 .
Directors
The directors who served the company during the year were as follows:
Michael Wild
James Albert Phillips
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 January 2025 and signed on behalf of the board by:
Michael Wild
Director
Branded Beauty Limited
Income Statement
Year ended 30 April 2024
2024
2023
Note
£
£
Turnover
2,797,871
1,550,010
Cost of sales
2,238,193
1,173,408
------------
------------
Gross profit
559,678
376,602
Distribution costs
98,034
54,913
Administrative expenses
359,211
222,180
---------
---------
Operating profit
102,433
99,509
Other interest receivable and similar income
47
17
Interest payable and similar expenses
15
28
---------
---------
Profit before taxation
5
102,465
99,498
Tax on profit
19,449
17,228
---------
--------
Profit for the financial year and total comprehensive income
83,016
82,270
---------
--------
Retained earnings at the start of the year
117,693
35,423
---------
---------
Retained earnings at the end of the year
200,709
117,693
---------
---------
All the activities of the company are from continuing operations.
Branded Beauty Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
32,084
17,212
Current assets
Stocks
1,120,591
571,051
Debtors
7
115,014
141,116
Cash at bank and in hand
210,498
48,692
------------
---------
1,446,103
760,859
Creditors: amounts falling due within one year
8
1,276,878
659,778
------------
---------
Net current assets
169,225
101,081
---------
---------
Total assets less current liabilities
201,309
118,293
---------
---------
Net assets
201,309
118,293
---------
---------
Capital and reserves
Called up share capital
600
600
Profit and loss account
200,709
117,693
---------
---------
Shareholders funds
201,309
118,293
---------
---------
These financial statements have been prepared 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'.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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:
Michael Wild
Director
Company registration number: 08509792
Branded Beauty Limited
Notes to the Financial Statements
Year ended 30 April 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 Unit 8, Trafalgar Business Centre, 77-89 River Road, Barking, Essex, IG11 0JU, United Kingdom.
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.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
Fixtures & Fittings
-
15% straight line
Equipment
-
25% reducing balance
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 5 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2024
2023
£
£
Depreciation of tangible assets
8,324
4,371
-------
-------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 May 2023
13,765
10,024
23,789
Additions
12,416
11,337
23,753
Disposals
( 743)
( 743)
--------
--------
--------
At 30 April 2024
26,181
20,618
46,799
--------
--------
--------
Depreciation
At 1 May 2023
3,361
3,216
6,577
Charge for the year
3,927
4,397
8,324
Disposals
( 186)
( 186)
--------
--------
--------
At 30 April 2024
7,288
7,427
14,715
--------
--------
--------
Carrying amount
At 30 April 2024
18,893
13,191
32,084
--------
--------
--------
At 30 April 2023
10,404
6,808
17,212
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
65,726
23,857
Other debtors
49,288
117,259
---------
---------
115,014
141,116
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,225,737
636,227
Corporation tax
36,677
17,228
Social security and other taxes
9,464
1,323
Other creditors
5,000
5,000
------------
---------
1,276,878
659,778
------------
---------