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Registration number: 11227920

Nikki's Nail & Brow Bar Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Nikki's Nail & Brow Bar Ltd

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Nikki's Nail & Brow Bar Ltd

Company Information

Director

Mrs N Brewer

Registered office

Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

Accountants

Perrigo Consultants Limited Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

Nikki's Nail & Brow Bar Ltd

Director's Report for the Year Ended 31 March 2024

The director presents her report and the abridged financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Mrs N Brewer

Principal activity

The principal activity of the company is hairdressing and other beauty treatment.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 February 2025
 

.........................................
Mrs N Brewer
Director

 

Nikki's Nail & Brow Bar Ltd

(Registration number: 11227920)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

5,735

6,665

Current assets

 

Stocks

6

610

610

Debtors

7

3,194

2,148

Cash at bank and in hand

 

4,108

2,051

 

7,912

4,809

Creditors: Amounts falling due within one year

(883)

(647)

Net current assets

 

7,029

4,162

Total assets less current liabilities

 

12,764

10,827

Accruals and deferred income

 

(1,432)

(925)

Net assets

 

11,332

9,902

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

11,232

9,802

Shareholders' funds

 

11,332

9,902

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 11 February 2025
 

.........................................
Mrs N Brewer
Director

 

Nikki's Nail & Brow Bar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the director on 11 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Nikki's Nail & Brow Bar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% Reducing balance

Fixtures & fittings

25% Reducing balance

Office equipment

25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 5).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

930

1,239

 

Nikki's Nail & Brow Bar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Properties under construction
 £

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 April 2023

2,954

9,051

4,193

579

At 31 March 2024

2,954

9,051

4,193

579

Depreciation

At 1 April 2023

-

6,545

3,146

421

Charge for the year

-

628

263

39

At 31 March 2024

-

7,173

3,409

460

Carrying amount

At 31 March 2024

2,954

1,878

784

119

At 31 March 2023

2,954

2,506

1,047

158

Total
£

Cost or valuation

At 1 April 2023

16,777

At 31 March 2024

16,777

Depreciation

At 1 April 2023

10,112

Charge for the year

930

At 31 March 2024

11,042

Carrying amount

At 31 March 2024

5,735

At 31 March 2023

6,665

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

610

610

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

Nikki's Nail & Brow Bar Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100