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REGISTERED NUMBER: 02280580 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 October 2024

for

Health and Beauty Association

Health and Beauty Association (Registered number: 02280580)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Health and Beauty Association

Company Information
For The Year Ended 31 October 2024







DIRECTORS: L N Beardsley
J M Block
P Kemsley
D W Mitchell
F D Prince
A Willmore
M Buckley
J Firth
V Moreno
J Pulley





SECRETARY: L N Beardsley





REGISTERED OFFICE: 58 Guildford Street
Mill House
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 02280580 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Health and Beauty Association (Registered number: 02280580)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51 69

CURRENT ASSETS
Debtors 5 16,759 19,185
Cash at bank 73,661 48,218
90,420 67,403
CREDITORS
Amounts falling due within one year 6 48,837 23,905
NET CURRENT ASSETS 41,583 43,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,634

43,567

RESERVES
Income and expenditure account 7 41,634 43,567
41,634 43,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





D W Mitchell - Director


Health and Beauty Association (Registered number: 02280580)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Health and Beauty is a private company limited by guarantee, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided. Income invoiced for periods extending beyond the accounting date is carried forward to the following year at the proportionate rate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. [This includes investments in subsidiary undertakings]. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Health and Beauty Association (Registered number: 02280580)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 3,451
DEPRECIATION
At 1 November 2023 3,382
Charge for year 18
At 31 October 2024 3,400
NET BOOK VALUE
At 31 October 2024 51
At 31 October 2023 69

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 8,200 13,870
VAT 7,979 4,735
Prepayments 580 580
16,759 19,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 22,785 -
Deferred income 20,793 17,955
Bad debt provision 2,280 4,560
Accrued expenses 2,979 1,390
48,837 23,905

Deferred income relates to the proportion of subscription income for the membership year to 28th February 2024 which is carried forward as income for the period 1st November 2023 to 28th February 2024.

Health and Beauty Association (Registered number: 02280580)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

7. RESERVES
Income
and
expenditure
account
£   

At 1 November 2023 43,567
Deficit for the year (1,933 )
At 31 October 2024 41,634