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Company Registration No. 14305091 (England and Wales)
LN BEAUTY LTD Unaudited accounts for the year ended 31 August 2024
LN BEAUTY LTD Unaudited accounts Contents
Page
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LN BEAUTY LTD Company Information for the year ended 31 August 2024
Directors
Katarzyna Michalina MCILROY Robert Thomas Joseph MCILROY
Company Number
14305091 (England and Wales)
Registered Office
5 Gagetown Terrace Invicta Park Maidstone ME14 2PP
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LN BEAUTY LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,291 
6,587 
Tangible assets
11,722 
26,066 
17,013 
32,653 
Current assets
Inventories
1,000 
2,000 
Debtors
9,313 
9,804 
Cash at bank and in hand
7,758 
16,830 
18,071 
28,634 
Creditors: amounts falling due within one year
(78,631)
(81,129)
Net current liabilities
(60,560)
(52,495)
Net liabilities
(43,547)
(19,842)
Capital and reserves
Profit and loss account
(43,547)
(19,842)
Shareholders' funds
(43,547)
(19,842)
For the year ending 31 August 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 26 February 2025 and were signed on its behalf by
Katarzyna Michalina MCILROY Director Company Registration No. 14305091
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LN BEAUTY LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
LN BEAUTY LTD is a private company, limited by shares, registered in England and Wales, registration number 14305091. The registered office is 5 Gagetown Terrace, Invicta Park, Maidstone, ME14 2PP.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
7,775 
At 31 August 2024
7,775 
Amortisation
At 1 September 2023
1,188 
Charge for the year
1,296 
At 31 August 2024
2,484 
Net book value
At 31 August 2024
5,291 
At 31 August 2023
6,587 
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LN BEAUTY LTD Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
28,553 
580 
29,133 
At 31 August 2024
28,553 
580 
29,133 
Depreciation
At 1 September 2023
2,632 
435 
3,067 
Charge for the year
14,199 
145 
14,344 
At 31 August 2024
16,831 
580 
17,411 
Net book value
At 31 August 2024
11,722 
- 
11,722 
At 31 August 2023
25,921 
145 
26,066 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
63 
- 
Trade debtors
- 
804 
Accrued income and prepayments
250 
- 
313 
804 
Amounts falling due after more than one year
Other debtors
9,000 
9,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,771 
2,174 
Trade creditors
70 
4,362 
Taxes and social security
1,974 
2,269 
Other creditors
12,556 
5,349 
Loans from directors
52,260 
66,975 
78,631 
81,129 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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