Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30truefalse2023-05-01Hairdressing and other beauty treatment22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08527109 2023-05-01 2024-04-30 08527109 2022-05-01 2023-04-30 08527109 2024-04-30 08527109 2023-04-30 08527109 c:Director1 2023-05-01 2024-04-30 08527109 d:FurnitureFittings 2023-05-01 2024-04-30 08527109 d:FurnitureFittings 2024-04-30 08527109 d:FurnitureFittings 2023-04-30 08527109 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08527109 d:OfficeEquipment 2023-05-01 2024-04-30 08527109 d:OfficeEquipment 2024-04-30 08527109 d:OfficeEquipment 2023-04-30 08527109 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08527109 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08527109 d:CurrentFinancialInstruments 2024-04-30 08527109 d:CurrentFinancialInstruments 2023-04-30 08527109 d:Non-currentFinancialInstruments 2024-04-30 08527109 d:Non-currentFinancialInstruments 2023-04-30 08527109 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08527109 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08527109 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08527109 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08527109 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08527109 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08527109 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08527109 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 08527109 d:ShareCapital 2024-04-30 08527109 d:ShareCapital 2023-04-30 08527109 d:RetainedEarningsAccumulatedLosses 2024-04-30 08527109 d:RetainedEarningsAccumulatedLosses 2023-04-30 08527109 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-04-30 08527109 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-04-30 08527109 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2024-04-30 08527109 d:FinancialLiabilitiesFairValueThroughProfitOrLoss d:ListedExchangeTraded 2023-04-30 08527109 c:FRS102 2023-05-01 2024-04-30 08527109 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08527109 c:FullAccounts 2023-05-01 2024-04-30 08527109 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08527109 2 2023-05-01 2024-04-30 08527109 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08527109 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 08527109 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 08527109 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 08527109 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number:  08527109














BABA BEAUTY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


 
BABA BEAUTY LTD
REGISTERED NUMBER: 08527109

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,954
2,602

  
1,954
2,602

Current assets
  

Debtors: amounts falling due within one year
 5 
1,284
5,568

Cash at bank and in hand
 6 
4,121
1,175

  
5,405
6,743

Creditors: amounts falling due within one year
 7 
(11,534)
(18,043)

Net current liabilities
  
 
 
(6,129)
 
 
(11,300)

Total assets less current liabilities
  
(4,175)
(8,698)

Creditors: amounts falling due after more than one year
 8 
(2,817)
(5,417)

  

Net liabilities
  
(6,992)
(14,115)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(7,002)
(14,125)

  
(6,992)
(14,115)


Page 1

 
BABA BEAUTY LTD
REGISTERED NUMBER: 08527109
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H S Gill
Director

Date: 22 April 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no. 08527109). The address of the registered office is The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
These financial statements present information about the company as an individual undertaking; it is not a member of a group of companies. The principal activities of the company are that of a beauty salon.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 5

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)


Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 May 2023
14,156
4,083
18,239



At 30 April 2024

14,156
4,083
18,239



Depreciation


At 1 May 2023
12,481
3,154
15,635


Charge for the year on owned assets
418
232
650



At 30 April 2024

12,899
3,386
16,285



Net book value



At 30 April 2024
1,257
697
1,954



At 30 April 2023
1,674
928
2,602

Page 6

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
48
1,957

Deferred taxation
1,236
3,611

1,284
5,568



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,121
1,175

4,121
1,175



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
2,600
2,600

Other creditors
8,284
14,793

Accruals and deferred income
650
650

11,534
18,043



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,817
5,417

2,817
5,417


Page 7

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
2,600
2,600

Amounts falling due 1-2 years

Bank loans
2,600
2,600

Amounts falling due 2-5 years

Bank loans
217
2,817


5,417
8,017



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
4,121
1,175

Financial assets measured at amortised cost
-
1,910

4,121
3,085


Financial liabilities


Financial Liabilities measured at amortised cost
14,350
23,461


Financial assets measured at fair value through profit or loss comprise of cash at bank.


Financial assets measured at amortised cost comprise of other debtors.


Financial liabilities measured at amortised cost comprise of bank loans, other creditors and accruals.

Page 8

 
BABA BEAUTY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Deferred taxation




2024


£






At beginning of year
3,611


Charged to profit or loss
(2,375)



At end of year
1,236

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
50
6

Tax losses carried forward
1,186
3,605

1,236
3,611


12.


Related party transactions

Included in other creditors is an amount of £8,283 (2023: £14,794) owed to the directors. The loan is repayable on demand and no interest has been charged.


13.


Controlling part

The company is under the control of the directors.

 
Page 9