Company Registration No. 11997333 (England and Wales)
Athena Beauty Academy Ltd
Unaudited accounts
for the year ended 31 May 2024
Athena Beauty Academy Ltd
Unaudited accounts
Contents
Athena Beauty Academy Ltd
Company Information
for the year ended 31 May 2024
Directors
Lisa Williams
Jade Williams
Company Number
11997333 (England and Wales)
Registered Office
OFFICE 42 IMEX BUSINESS CENTRE
OXLEASOW ROAD
REDDITCH
WORCS
UNITED KINGDOM
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
Athena Beauty Academy Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
72,000
-
Tangible assets
16,967
19,614
Cash at bank and in hand
6,226
2,008
Creditors: amounts falling due within one year
(73,072)
(55,590)
Net current assets
21,670
126,732
Total assets less current liabilities
110,637
146,346
Creditors: amounts falling due after more than one year
(28,467)
(36,067)
Called up share capital
100
100
Profit and loss account
82,070
110,179
Shareholders' funds
82,170
110,279
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 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
Lisa Williams
Director
Company Registration No. 11997333
Athena Beauty Academy Ltd
Notes to the Accounts
for the year ended 31 May 2024
Athena Beauty Academy Ltd is a private company, limited by shares, registered in England and Wales, registration number 11997333. The registered office is OFFICE 42 IMEX BUSINESS CENTRE, OXLEASOW ROAD, REDDITCH, WORCS, UNITED KINGDOM.
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. 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. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance Method
Fixtures & fittings
20% Straight Line Method
Computer equipment
20% Straight Line Method
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Athena Beauty Academy Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
37,902
1,959
4,611
44,472
At 31 May 2024
45,712
1,959
4,611
52,282
At 1 June 2023
21,234
786
2,838
24,858
Charge for the year
9,142
393
922
10,457
At 31 May 2024
30,376
1,179
3,760
35,315
At 31 May 2024
15,336
780
851
16,967
At 31 May 2023
16,668
1,173
1,773
19,614
Amounts falling due within one year
Other debtors
88,416
180,000
Amounts falling due after more than one year
Athena Beauty Academy Ltd
Notes to the Accounts
for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,314
4,216
Other creditors
60,295
51,095
Loans from directors
16
27
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).