Y.O.U.R BEAUTY SCHOOL CIC

Company Registration Number:
11310920 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 31 August 2023

End date: 31 August 2024

Y.O.U.R BEAUTY SCHOOL CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

Y.O.U.R BEAUTY SCHOOL CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principal activity of the company during the year under review was other education support not elsewhere classified



Directors

The directors shown below have held office during the whole of the period from
31 August 2023 to 31 August 2024

Sherene Taylor
Tracey-Anne Manning
Iyata Tacia Reid


The director shown below has held office during the period of
15 May 2024 to 31 August 2024

Grace Siley


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 April 2025

And signed on behalf of the board by:
Name: Sherene Taylor
Status: Director

Y.O.U.R BEAUTY SCHOOL CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 16 months to 30 August 2023


£

£
Turnover: 230,267 246,435
Cost of sales: ( 50,543 ) ( 88,581 )
Gross profit(or loss): 179,724 157,854
Distribution costs: ( 27,921 ) ( 14,737 )
Administrative expenses: ( 127,940 ) ( 120,875 )
Operating profit(or loss): 23,863 22,242
Interest payable and similar charges: ( 338 ) ( 1,354 )
Profit(or loss) before tax: 23,525 20,888
Tax: ( 4,534 )
Profit(or loss) for the financial year: 23,525 16,354

Y.O.U.R BEAUTY SCHOOL CIC

Balance sheet

As at 31 August 2024

Notes 2024 16 months to 30 August 2023


£

£
Fixed assets
Tangible assets: 3 47,513 3,153
Total fixed assets: 47,513 3,153
Current assets
Debtors: 4 11,004 16,007
Cash at bank and in hand: 61,799 30,980
Total current assets: 72,803 46,987
Creditors: amounts falling due within one year: 5 ( 132,128 ) ( 80,910 )
Net current assets (liabilities): (59,325) (33,923)
Total assets less current liabilities: (11,812) ( 30,770)
Creditors: amounts falling due after more than one year: 6 ( 10,659 ) ( 15,226 )
Total net assets (liabilities): (22,471) (45,996)
Capital and reserves
Called up share capital: 4 4
Profit and loss account: (22,475 ) (46,000 )
Total Shareholders' funds: ( 22,471 ) (45,996)

The notes form part of these financial statements

Y.O.U.R BEAUTY SCHOOL CIC

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 22 April 2025
and signed on behalf of the board by:

Name: Sherene Taylor
Status: Director

The notes form part of these financial statements

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Motor vehicles 25% Reducing balance

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 16 months to 30 August 2023
    Average number of employees during the period 4 4

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 August 2023 6,138 0 0 6,138
Additions 1,901 573 57,449 59,923
Disposals
Revaluations
Transfers
At 31 August 2024 8,039 573 57,449 66,061
Depreciation
At 31 August 2023 2,985 0 0 2,985
Charge for year 714 487 14,362 15,563
On disposals
Other adjustments
At 31 August 2024 3,699 487 14,362 18,548
Net book value
At 31 August 2024 4,340 86 43,087 47,513
At 30 August 2023 3,153 0 0 3,153

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 16 months to 30 August 2023
£ £
Trade debtors 11,004 16,007
Total 11,004 16,007

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 16 months to 30 August 2023
£ £
Bank loans and overdrafts 1,490
Trade creditors 85,799 48,000
Taxation and social security 17,177 4,763
Accruals and deferred income 2 1
Other creditors 27,660 28,146
Total 132,128 80,910

Y.O.U.R BEAUTY SCHOOL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due after more than one year note

2024 16 months to 30 August 2023
£ £
Bank loans and overdrafts 10,659 15,226
Total 10,659 15,226

COMMUNITY INTEREST ANNUAL REPORT

Y.O.U.R BEAUTY SCHOOL CIC

Company Number: 11310920 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Our organisation has had a meaningful impact on the Greater London boroughs, with a particular focus on Lewisham, Greenwich, and Bromley this year. We have provided specialist training and education to young people aged 14-19 who are not in education, employment, or training (NEET), as well as those who struggle within mainstream school settings. By offering tailored education pathways and vocational training, we have helped these young people build confidence, gain essential qualifications, and access career opportunities that may not have been available to them otherwise. Our support extends beyond the classroom, fostering personal growth, resilience, and employability skills, ensuring that they are better prepared for future education, employment, or entrepreneurial ventures. Overall, we remain committed to empowering young people, reducing barriers to learning, and creating career pathways that contribute to the prosperity of our local communities.

Consultation with stakeholders

We engage in ongoing formal and informal consultations with stakeholders, community partners, and educational professionals to ensure that our programmes align with best practices, safeguarding regulations, and the evolving needs of our young people. These consultations help us to: - Maintain high standards in our education and training provision - Stay informed about local issues affecting young people, such as mental health challenges, economic barriers, and access to further education Adapt and enhance our programmes to ensure they remain effective, relevant, and impactful. - Strengthen partnerships with schools, social services, youth organisations, and employers to provide holistic support for our students. Through these collaborative efforts, we continuously refine and expand our provision to maximise positive outcomes for the young people we serve.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £25304.52. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 April 2025

And signed on behalf of the board by:
Name: Sherene Taylor
Status: Director