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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
Page
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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
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Athena Beauty Academy Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
72,000 
- 
Tangible assets
16,967 
19,614 
88,967 
19,614 
Current assets
Debtors
88,516 
180,314 
Cash at bank and in hand
6,226 
2,008 
94,742 
182,322 
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)
Net assets
82,170 
110,279 
Capital and reserves
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
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Athena Beauty Academy Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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. 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
Going Concern
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Athena Beauty Academy Ltd Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2023
- 
Additions
80,000 
At 31 May 2024
80,000 
Amortisation
At 1 June 2023
- 
Charge for the year
8,000 
At 31 May 2024
8,000 
Net book value
At 31 May 2024
72,000 
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 
Additions
7,810 
- 
- 
7,810 
At 31 May 2024
45,712 
1,959 
4,611 
52,282 
Depreciation
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 
Net book value
At 31 May 2024
15,336 
780 
851 
16,967 
At 31 May 2023
16,668 
1,173 
1,773 
19,614 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
214 
Other debtors
88,416 
180,000 
88,416 
180,214 
Amounts falling due after more than one year
Other debtors
100 
100 
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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 
£ 
£ 
Trade creditors
5,447 
252 
Taxes and social security
7,314 
4,216 
Other creditors
60,295 
51,095 
Loans from directors
16 
27 
73,072 
55,590 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,467 
36,067 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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