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
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
Hello We Are Bare Beauty Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
299,936
293,398
Cash at bank and in hand
15,850
17,183
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)
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
Hello We Are Bare Beauty Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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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. 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 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.
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 have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Hello We Are Bare Beauty Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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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
At 30 June 2024
242,233
155,129
397,362
At 1 July 2023
-
76,132
76,132
Charge for the year
-
21,294
21,294
At 30 June 2024
-
97,426
97,426
At 30 June 2024
242,233
57,703
299,936
At 30 June 2023
242,233
51,165
293,398
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
38,854
26,250
Amounts falling due within one year
Accrued income and prepayments
-
1,503
Hello We Are Bare Beauty Ltd
Notes to the Accounts
for the year ended 30 June 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,675
8,179
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
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
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
100 Ordinary B Shares of £1 each
100
100
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).
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)
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Average number of employees
During the year the average number of employees was 3 (2023: 3).