Registered number
07353120
Freshskin Beauty Ltd
Report and Accounts
30 June 2024
Freshskin Beauty Ltd
Report to the directors on the preparation of the unaudited statutory accounts of Freshskin Beauty Ltd for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Freshskin Beauty Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
7 March 2025
Freshskin Beauty Ltd
Registered number: 07353120
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 227,504 235,827
Current assets
Stocks 100,000 50,000
Cash at bank and in hand 121,404 200,759
221,404 250,759
Creditors: amounts falling due within one year 4 (188,157) (205,906)
Net current assets 33,247 44,853
Net assets 260,751 280,680
Capital and reserves
Called up share capital 2 2
Profit and loss account 260,749 280,678
Shareholders' funds 260,751 280,680
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D V Rawden
Director
Approved by the board on 7 March 2025
Freshskin Beauty Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 0% reducing balance
Equipment 33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 203,099 27,422 99,575 330,096
At 30 June 2024 203,099 27,422 99,575 330,096
Depreciation
At 1 July 2023 - 25,727 68,542 94,269
Charge for the year - 565 7,758 8,323
At 30 June 2024 - 26,292 76,300 102,592
Net book value 203,099 1,130 23,275 227,504
At 30 June 2024 203,099 1,130 23,275 227,504
At 30 June 2023 203,099 1,695 31,033 235,827
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 92,352 99,947
Trade creditors 56,989 33,055
Corporation tax 4,314 28,086
Other taxes and social security costs 33,302 43,691
Other creditors 1,200 1,127
188,157 205,906
5 Other information
Freshskin Beauty Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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