Fresh & Fabulous Limited |
Registered number: |
08146646 |
Balance Sheet |
as at 31 July 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
54,446 |
|
|
22,169 |
|
Current assets |
Stocks |
|
|
26,971 |
|
|
25,427 |
Cash at bank |
|
|
4,090 |
|
|
5,361 |
|
|
|
31,061 |
|
|
30,788 |
|
Creditors: amounts falling due within one year |
4 |
|
(98,384) |
|
|
(48,808) |
|
Net current liabilities |
|
|
|
(67,323) |
|
|
(18,020) |
|
Total assets less current liabilities |
|
|
|
(12,877) |
|
|
4,149 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(1,167) |
|
|
(2,567) |
|
Net (liabilities)/assets |
|
|
|
(14,044) |
|
|
1,582 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
3 |
|
|
3 |
Profit and loss account |
|
|
|
(14,047) |
|
|
1,579 |
|
Shareholders' funds |
|
|
|
(14,044) |
|
|
1,582 |
|
|
|
|
|
|
|
|
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. |
|
|
|
|
Mrs R Thornewell |
Director |
Approved by the board on 23 April 2025 |
|
Fresh & Fabulous Limited |
Notes to the Accounts |
for the year ended 31 July 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern basis |
|
The directors believe that not withstanding the accumulated losses to date and net liabilities at the year end, the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from directors will be adequate to meet the company's needs for the period of at least 12 months from the date of approval of these financial statements. |
|
|
Turnover |
|
Turnover represents the value of provision of beauty services and sale of beauty products. |
|
|
Tangible fixed assets |
|
Depreciation is provided at the following rate in order to write off each asset over its estimated useful life, as follows: |
|
|
Leasehold improvements |
5 years straight line basis |
|
Plant and machinery |
25% reducing balance basis |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price. 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. |
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Leasehold improve-ments |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 August 2023 |
7,265 |
|
68,007 |
|
75,272 |
|
Additions |
22,110 |
|
26,816 |
|
48,926 |
|
At 31 July 2024 |
29,375 |
|
94,823 |
|
124,198 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2023 |
6,853 |
|
46,250 |
|
53,103 |
|
Charge for the year |
4,505 |
|
12,144 |
|
16,649 |
|
At 31 July 2024 |
11,358 |
|
58,394 |
|
69,752 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2024 |
18,017 |
|
36,429 |
|
54,446 |
|
At 31 July 2023 |
412 |
|
21,757 |
|
22,169 |
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loan |
1,400 |
|
1,400 |
|
Trade creditors |
6,349 |
|
3,367 |
|
Taxation and social security costs |
- |
|
8 |
|
Other creditors |
90,635 |
|
44,033 |
|
|
|
|
|
|
98,384 |
|
48,808 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loan |
1,167 |
|
2,567 |
|
|
|
|
|
|
|
|
|
|
6 |
Related party transactions |
|
|
Included in the other creditors at the year end is an amount of £68,734 (2023 - £39,848) owed to the directors. All credit balances attract a nil rate of interest and are repayable on demand. |
|
|
7 |
Other information |
|
|
Fresh & Fabulous Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
52 High Street |
|
Maidenhead |
|
Berkshire |
|
SL6 1PY |