Registered number
08146646
Fresh & Fabulous Limited
Filleted Accounts
31 July 2024
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
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