Registered number
09089295
Soul Care Aesthetics Limited
Report and Accounts
31 July 2024
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Soul Care Aesthetics Limited
Registered number: 09089295
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 398,203 453,782
Current assets
Stocks 30,000 30,000
Debtors 4 20,718 92,090
Cash at bank and in hand 48,368 92,530
99,086 214,620
Creditors: amounts falling due within one year 5 (176,875) (202,058)
Net current (liabilities)/assets (77,789) 12,562
Total assets less current liabilities 320,414 466,344
Creditors: amounts falling due after more than one year 6 (256,179) (283,372)
Provisions for liabilities (deferred tax) (8,349) (15,687)
Net assets 55,886 167,285
Capital and reserves
Called up share capital 2 2
Profit and loss account 55,884 167,283
Shareholders' funds 55,886 167,285
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.
R Morgan
Director
Approved by the board on 19 March 2025
Soul Care Aesthetics Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery 25% reducing balance
Motor vehicles 25% 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
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 10 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 245,351 179,436 223,940 648,727
Additions - 9,555 - 9,555
Disposals - (16,714) - (16,714)
At 31 July 2024 245,351 172,277 223,940 641,568
Depreciation
At 1 August 2023 - 102,915 92,030 194,945
Charge for the year - 19,208 36,599 55,807
On disposals - (7,387) - (7,387)
At 31 July 2024 - 114,736 128,629 243,365
Net book value
At 31 July 2024 245,351 57,541 95,311 398,203
At 31 July 2023 245,351 76,521 131,910 453,782
4 Debtors 2024 2023
£ £
Other debtors 20,718 92,090
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 17,169 17,169
Amounts owed to group undertakings and undertakings in which the company has a participating interest 88,327 18,603
Corporation tax 46,873 77,383
Other taxes and social security costs 3,700 5,409
Other creditors 10,806 73,494
176,875 202,058
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 170,333 180,333
Obligations under finance lease and hire purchase contracts 85,846 103,039
256,179 283,372
7 Related party transactions
There are no related party transactions.
8 Controlling party
The ultimate holding company is Soul Care Holdings Ltd.
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