Company Registration No. 05454619 (England and Wales)
Barefaced Beauty Ltd
Unaudited accounts
for the year ended 31 May 2024
Barefaced Beauty Ltd
Unaudited accounts
Contents
Barefaced Beauty Ltd
Company Information
for the year ended 31 May 2024
Company Number
05454619 (England and Wales)
Registered Office
Suite 3020 Unit 3a, 34-35 Hatton
Garden
Holborn
London
EC1N 8DX
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Barefaced Beauty Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
4,563
-
Creditors: amounts falling due within one year
(33,154)
(34,012)
Net current liabilities
(13,313)
(19,605)
Net liabilities
(12,952)
(19,253)
Called up share capital
100
100
Profit and loss account
(13,052)
(19,353)
Shareholders' funds
(12,952)
(19,253)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2025 and were signed on its behalf by
Nadine Anderson
Director
Company Registration No. 05454619
Barefaced Beauty Ltd
Notes to the Accounts
for the year ended 31 May 2024
Barefaced Beauty Ltd is a private company, limited by shares, registered in England and Wales, registration number 05454619. The registered office is Suite 3020 Unit 3a, 34-35 Hatton, Garden, Holborn, London, EC1N 8DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
12,821
-
12,821
At 31 May 2024
12,821
300
13,121
At 1 June 2023
12,469
-
12,469
Charge for the year
191
100
291
At 31 May 2024
12,660
100
12,760
At 31 May 2024
161
200
361
Barefaced Beauty Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
388
788
Taxes and social security
237
237
Loans from directors
32,110
32,628
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).