1 August 2023 v2024.46.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP112760502023-08-012024-07-31112760502024-07-31112760502023-07-3111276050core:WithinOneYear2024-07-3111276050core:WithinOneYear2023-07-3111276050core:AfterOneYear2024-07-3111276050core:AfterOneYear2023-07-3111276050core:ShareCapital2024-07-3111276050core:ShareCapital2023-07-3111276050core:RetainedEarningsAccumulatedLosses2024-07-3111276050core:RetainedEarningsAccumulatedLosses2023-07-3111276050bus:Director12023-08-012024-07-3111276050bus:Director22023-08-012024-07-3111276050bus:RegisteredOffice2023-08-012024-07-3111276050core:OtherResidualIntangibleAssets2023-08-012024-07-3111276050core:FurnitureFittings2023-08-012024-07-3111276050core:OfficeEquipment2023-08-012024-07-3111276050core:PlantMachinery2023-08-012024-07-3111276050core:MotorVehicles2023-08-012024-07-31112760502022-08-012023-07-3111276050core:IntangibleAssetsOtherThanGoodwill2024-07-3111276050core:IntangibleAssetsOtherThanGoodwill2023-08-0111276050core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111276050core:IntangibleAssetsOtherThanGoodwill2023-07-3111276050core:PlantMachinery2023-08-0111276050core:PlantMachinery2024-07-3111276050core:PlantMachinery2023-07-311127605012023-08-012024-07-3111276050countries:EnglandWales2023-08-012024-07-3111276050bus:AuditExemptWithAccountantsReport2023-08-012024-07-3111276050bus:PrivateLimitedCompanyLtd2023-08-012024-07-3111276050bus:SmallEntities2023-08-012024-07-3111276050bus:FullAccounts2023-08-012024-07-31
Company registration number:
11276050
S & D Corporation T/A Doll Beauty Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2024
S & D Corporation T/A Doll Beauty Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of S & D Corporation T/A Doll Beauty Limited
Year ended
31 July 2024
As described on the statement of financial position, the Board of Directors of
S & D Corporation T/A Doll Beauty Limited
are responsible for the preparation of the
financial statements
for the year ended
31 July 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
S & D Corporation T/A Doll Beauty Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Intangible assets 5
17,680
 
25,980
 
Tangible assets 6
235,151
 
287,570
 
252,831
 
313,550
 
Current assets    
Stocks
261,449
 
231,948
 
Debtors 7
540,682
 
539,442
 
Cash at bank and in hand
(7,266
)
30,481
 
794,865
 
801,871
 
Creditors: amounts falling due within one year 8
(698,654
)
(914,131
)
Net current assets/(liabilities)
96,211
 
(112,260
)
Total assets less current liabilities 349,042   201,290  
Creditors: amounts falling due after more than one year 9
(59,034
)
(126,181
)
Provisions for liabilities
(48,862
)
(52,810
)
Net assets
241,146
 
22,299
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
241,046
 
22,199
 
Shareholders funds
241,146
 
22,299
 
For the year ending
31 July 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
7 October 2024
, and are signed on behalf of the board by:
S Allen
D Gregory
DirectorDirector
Company registration number:
11276050
S & D Corporation T/A Doll Beauty Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Egerton House
,
55, Hoole Road
,
Chester
,
CH2 3NJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Other intangible assets
20% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% reducing balance
Office equipment
20% reducing balance
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
18
(2023:
16
).

5 Intangible assets

Other intangible assets
£
Cost  
At
1 August 2023
and
31 July 2024
41,500
 
Amortisation  
At
1 August 2023
15,520
 
Charge
8,300
 
At
31 July 2024
23,820
 
Carrying amount  
At
31 July 2024
17,680
 
At 31 July 2023
25,980
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2023
543,519
 
Additions
8,478
 
At
31 July 2024
551,997
 
Depreciation  
At
1 August 2023
255,949
 
Charge
60,897
 
At
31 July 2024
316,846
 
Carrying amount  
At
31 July 2024
235,151
 
At 31 July 2023
287,570
 

7 Debtors

20242023
££
Trade debtors
99,526
 
174,755
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
429,490
 
352,985
 
Other debtors
11,666
 
11,702
 
540,682
 
539,442
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
98,888
 
176,529
 
Trade creditors
25,880
 
11,154
 
Taxation and social security
467,836
 
471,546
 
Other creditors
106,050
 
254,902
 
698,654
 
914,131
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
33,189
 
95,969
 
Other creditors
25,845
 
30,212
 
59,034
 
126,181