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Company Registration No. 09623589 (England and Wales)
Hello We Are Bare Beauty Ltd Unaudited accounts for the year ended 30 June 2024
Hello We Are Bare Beauty Ltd Unaudited accounts Contents
Page
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Hello We Are Bare Beauty Ltd Company Information for the year ended 30 June 2024
Directors
Deborah Imrie Harriet Ferris Ley
Company Number
09623589 (England and Wales)
Registered Office
Mission Hall Thaxted Road Wimbish Saffron Walden Essex CB10 2UZ England
Accountants
DS Accounting and Bookkeeping Ltd 59 Hailes Wood Elsenham Essex CM22 6DQ
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Hello We Are Bare Beauty Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
299,936 
293,398 
Current assets
Inventories
5,000 
5,000 
Debtors
853 
4,558 
Cash at bank and in hand
15,850 
17,183 
21,703 
26,741 
Creditors: amounts falling due within one year
(118,124)
(123,751)
Net current liabilities
(96,421)
(97,010)
Total assets less current liabilities
203,515 
196,388 
Creditors: amounts falling due after more than one year
(137,812)
(138,690)
Net assets
65,703 
57,698 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
65,503 
57,498 
Shareholders' funds
65,703 
57,698 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
Deborah Imrie Director Company Registration No. 09623589
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Hello We Are Bare Beauty Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Hello We Are Bare Beauty Ltd is a private company, limited by shares, registered in England and Wales, registration number 09623589. The registered office is Mission Hall, Thaxted Road, Wimbish, Saffron Walden, Essex, CB10 2UZ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The company owns the property from which it trades. The property is initially recorded at cost and subsequently the property is measured at fair value based on periodic revaluations. The Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Fixtures & fittings
25% Straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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Hello We Are Bare Beauty Ltd Notes to the Accounts for the year ended 30 June 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
242,233 
127,297 
369,530 
Additions
- 
27,832 
27,832 
At 30 June 2024
242,233 
155,129 
397,362 
Depreciation
At 1 July 2023
- 
76,132 
76,132 
Charge for the year
- 
21,294 
21,294 
At 30 June 2024
- 
97,426 
97,426 
Net book value
At 30 June 2024
242,233 
57,703 
299,936 
At 30 June 2023
242,233 
51,165 
293,398 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
38,854 
26,250 
5
Inventories
2024 
2023 
£ 
£ 
Raw materials
5,000 
5,000 
5,000 
5,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,503 
Other debtors
853 
3,055 
853 
4,558 
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Hello We Are Bare Beauty Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,675 
8,179 
VAT
5,070 
4,971 
Obligations under finance leases and hire purchase contracts
13,393 
6,108 
Taxes and social security
1,585 
1,670 
Other creditors
10,869 
40,728 
Loans from directors
76,782 
62,095 
Accruals
750 
- 
118,124 
123,751 
Included within bank loans due within 1 year and more than 1 year is a loan of £119,110 (2023 - 123,419) secured against the freehold property asset.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
116,036 
122,822 
Obligations under finance leases and hire purchase contracts
21,776 
15,868 
137,812 
138,690 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100 
100 
100 Ordinary B Shares of £1 each
100 
100 
200 
200 
10
Pension commitments
The company operates a defined contribution pension scheme for eligible employees. Contributions are charged to the profit and loss account as they become payable. The charge for the year was £785 (prior year: £785).
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan account
(62,095)
27,419 
41,106 
(75,782)
(62,095)
27,419 
41,106 
(75,782)
12
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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