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REGISTERED NUMBER: 12050744 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Aiquin Nails Limited

Aiquin Nails Limited (Registered number: 12050744)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aiquin Nails Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: Q Shen





REGISTERED OFFICE: 16 Hood Street
Newcastle upon Tyne
NE1 6JQ





REGISTERED NUMBER: 12050744 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Aiquin Nails Limited (Registered number: 12050744)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,169 6,176

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 4,500 291
Cash at bank and in hand 3,213 6,205
9,213 7,996
CREDITORS
Amounts falling due within one year 6 22,668 21,460
NET CURRENT LIABILITIES (13,455 ) (13,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,286

)

(7,288

)

CREDITORS
Amounts falling due after more than one
year

7

8,500

14,500
NET LIABILITIES (17,786 ) (21,788 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (17,787 ) (21,789 )
(17,786 ) (21,788 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 profit or loss 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.

Aiquin Nails Limited (Registered number: 12050744)

Statement of Financial Position - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2024 and were signed by:





Q Shen - Director


Aiquin Nails Limited (Registered number: 12050744)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Aiquin Nails Limited is a private company, limited by shares , registered 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% Straight line
Fixtures and fittings - 20% Straight line
Computer equipment - 33% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Aiquin Nails Limited (Registered number: 12050744)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 8,630 2,750 1,191 12,571
Additions - - 316 316
At 30 June 2024 8,630 2,750 1,507 12,887
DEPRECIATION
At 1 July 2023 3,360 1,943 1,092 6,395
Charge for year 1,726 466 131 2,323
At 30 June 2024 5,086 2,409 1,223 8,718
NET BOOK VALUE
At 30 June 2024 3,544 341 284 4,169
At 30 June 2023 5,270 807 99 6,176

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 291
Prepayments 4,500 -
4,500 291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Social security and other taxes 415 -
VAT 5,479 1,298
Other creditors 132 171
Directors' current accounts 8,861 7,427
Accrued expenses 1,781 6,564
22,668 21,460

Aiquin Nails Limited (Registered number: 12050744)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 2,500 8,500
8,500 14,500