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REGISTERED NUMBER: SC544459 (Scotland)
















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Beau Beau Boutique Limited

Beau Beau Boutique Limited (Registered number: SC544459)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Beau Beau Boutique Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs V Lace-Williamson
Ms G Lace-Williamson
Mr F J M Wiliamson





REGISTERED OFFICE: Westburn Business Centre
McNee Road
Prestwick
KA9 2PB





REGISTERED NUMBER: SC544459 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
Westburn Business Centre
McNee Road
Prestwick
KA9 2PB

Beau Beau Boutique Limited (Registered number: SC544459)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,084 8,332

CURRENT ASSETS
Stocks 16,784 12,412
Debtors 5 12,110 7,964
Cash at bank and in hand 24,183 25,269
53,077 45,645
CREDITORS
Amounts falling due within one year 6 21,911 30,455
NET CURRENT ASSETS 31,166 15,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,250

23,522

CREDITORS
Amounts falling due after more than one
year

7

(26,828

)

(28,664

)

PROVISIONS FOR LIABILITIES (396 ) (839 )
NET ASSETS/(LIABILITIES) 10,026 (5,981 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 9,926 (6,081 )
SHAREHOLDERS' FUNDS 10,026 (5,981 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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.

Beau Beau Boutique Limited (Registered number: SC544459)

Balance Sheet - continued
31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Ms G Lace-Williamson - Director


Beau Beau Boutique Limited (Registered number: SC544459)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Beau Beau Boutique Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors consider the current and future level of trading on an ongoing basis to assess the resources required to meet commitments as they fall due. Taking account of these factors the directors are confident that the company has sufficient resources now and going forward to allow the company to continue in operation. On the basis of all these factors, the accounts have been prepared on a going concern basis.

Turnover/ revenue recognition
Sales and work done comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the Company's activities.

Sales are presented, net of value-added tax, rebates and discounts.

The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the Company's activities are met.

Grant income
Local government grants are recognised on an accruals basis and therefore sums relating to the financial year have been credited to the Profit and Loss Account in the same period as the related expenses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost less depreciation.

Impairment of fixed assets
At each reporting date, the company reviews the carrying amounts of its tangible and intangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the amount of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net realisable value is based on estimated selling price less additional costs to completion and disposal.

Beau Beau Boutique Limited (Registered number: SC544459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

Loans and other receivables
Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

Other financial liabilities
Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

Impairment of financial instruments
A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impact

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents
Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Beau Beau Boutique Limited (Registered number: SC544459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property Equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 6,035 - 10,142 3,661 19,838
Additions - 470 - - 470
At 31 March 2024 6,035 470 10,142 3,661 20,308
DEPRECIATION
At 1 April 2023 755 - 8,513 2,238 11,506
Charge for year 302 55 1,629 732 2,718
At 31 March 2024 1,057 55 10,142 2,970 14,224
NET BOOK VALUE
At 31 March 2024 4,978 415 - 691 6,084
At 31 March 2023 5,280 - 1,629 1,423 8,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,946 7,718
Director's loan account 4,164 -
VAT - 246
12,110 7,964

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,112 4,010
Trade creditors 9,894 2,456
Corporation tax 3,183 1,894
VAT 19 -
Director's loan account - 16,785
Accruals and deferred income 4,703 5,310
21,911 30,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,112 4,112
Bank loans - 2-5 years 12,597 12,597
Bank loans more 5 yr by instal 10,119 11,955
26,828 28,664

Beau Beau Boutique Limited (Registered number: SC544459)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,119 11,955

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 30,940 32,674

The bank loan is supported by a 100% guarantee from the UK Government. Interest is charged at a commercial rate of interest. Repayments commenced in October 2022.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs V Lace-Williamson
Balance outstanding at start of year (16,785 ) (4,588 )
Amounts advanced 20,949 9,423
Amounts repaid - (21,620 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,164 (16,785 )

The loan to the director was repaid within 9 months of the year end.

11. RELATED PARTY DISCLOSURES AND DIRECTOR'S ADVANCES

At the end of the year the company was owed £898 (2023: £898) by Tyme Limited, a company in which the director is also a director and shareholder.

The company paid rent of £8,400 (2023: £4,200) to the director during the year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V Lace-Williamson.