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Registration number: 06659092

Ebeauty Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Ebeauty Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Ebeauty Limited

Company Information

Directors

Miss Jane Louise Hodgson

Mr Adrian Young

Company secretary

Mr Adrian Young

Registered office

Regus House
Cardiff Gate Business Park
Malthouse Avenue
Cardiff
CF23 8RU
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Ebeauty Limited

(Registration number: 06659092)
Balance Sheet as at 31 August 2024

Note

31 August
2024
£

31 August
2023
£

Fixed assets

 

Tangible assets

5

4,011

3,068

Current assets

 

Stocks

6

291,579

447,067

Debtors

7

46,291

36,814

Cash at bank and in hand

 

305,907

429,489

 

643,777

913,370

Creditors: Amounts falling due within one year

8

(76,018)

(187,420)

Net current assets

 

567,759

725,950

Net assets

 

571,770

729,018

Capital and reserves

 

Called up share capital

9

101

101

Retained earnings

571,669

728,917

Shareholders' funds

 

571,770

729,018

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

 

Ebeauty Limited

(Registration number: 06659092)
Balance Sheet as at 31 August 2024

.........................................
Miss Jane Louise Hodgson
Director

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Regus House
Cardiff Gate Business Park
Malthouse Avenue
Cardiff
CF23 8RU
Wales

These financial statements were authorised for issue by the Board on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on cost

Computer equipment

33% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

15,000

15,000

At 31 August 2024

15,000

15,000

Amortisation

At 1 September 2023

15,000

15,000

At 31 August 2024

15,000

15,000

Carrying amount

At 31 August 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

32,877

32,877

Additions

2,396

2,396

At 31 August 2024

35,273

35,273

Depreciation

At 1 September 2023

29,809

29,809

Charge for the year

1,453

1,453

At 31 August 2024

31,262

31,262

Carrying amount

At 31 August 2024

4,011

4,011

At 31 August 2023

3,068

3,068

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

6

Stocks

31 August
2024
£

31 August
2023
£

Stock on hand

291,579

447,067

7

Debtors

Current

Note

31 August
2024
£

31 August
2023
£

Trade debtors

 

22,601

23,624

Loans to related parties

11

20,656

-

Prepayments

 

2,485

1,477

Other debtors

 

549

11,713

   

46,291

36,814

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

8

Creditors

Creditors: amounts falling due within one year

31 August
2024
£

31 August
2023
£

Due within one year

Trade creditors

66,253

181,891

Taxation and social security

7,498

-

Accruals and deferred income

1,510

1,320

Other creditors

757

4,209

76,018

187,420

9

Share capital

Allotted, called up and fully paid shares

31 August
2024

31 August
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

1

1

1

1

101

101

101

101

10

Dividends

Interim dividends paid

31 August
2024
£

31 August
2023
£

Interim dividend of £415.00 (2023 - £332.00) per each Ordinary

41,500

33,200

Interim dividend of £31,750.00 (2023 - £20,750.00) per each Ordinary B

31,750

20,750

73,250

53,950

 

Ebeauty Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024

11

Related party transactions

Transactions with directors

2023

At 1 September 2022
£

Advances to director
£

Repayments by director
£

At 31 August 2023
£

Mr Adrian Young

Directors Loan

40,726

-

(40,726)

-

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

21,670

21,008

Contributions paid to money purchase schemes

60,000

45,000

81,670

66,008