REGISTERED NUMBER: 07392284 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Harpenden Aesthetics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms J Richardson

J Joyner

REGISTERED OFFICE:

The Coach House

Pipers Lane

Harpenden

Hertfordshire

AL5 1AJ

REGISTERED NUMBER:

07392284 (England and Wales)

ACCOUNTANTS:

Alexander Associates

24A Aldermans Hill

Palmers Green

London

N13 4PN

FIXED ASSETS

Tangible assets

4

838,450

759,080

CURRENT ASSETS

Stocks

46,855

42,500

Debtors

5

169,887

120,789

Cash at bank

94,700

431,362

311,442

594,651

CREDITORS

Amounts falling due within one year

6

252,640

287,812

NET CURRENT ASSETS

58,802

306,839

TOTAL ASSETS LESS CURRENT LIABILITIES

897,252

1,065,919

CREDITORS

Amounts falling due after more than one year

7

-

(92,533

)

PROVISIONS FOR LIABILITIES

8

(177,024

)

(121,472

)

NET ASSETS

720,228

851,914

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

720,127

851,813

720,228

851,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:

Ms J Richardson - Director

1.	STATUTORY INFORMATION

Harpenden Aesthetics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2023

48,489

1,144,391

73,583

Additions

87,643

220,932

57,752

Disposals

-

-

-

At 31 August 2024

136,132

1,365,323

131,335

DEPRECIATION

At 1 September 2023

28,123

584,526

42,059

Charge for year

13,393

161,719

13,520

Eliminated on disposal

-

-

-

At 31 August 2024

41,516

746,245

55,579

NET BOOK VALUE

At 31 August 2024

94,616

619,078

75,756

At 31 August 2023

20,366

559,865

31,524

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2023

189,627

34,113

1,490,203

Additions

15,500

7,386

389,213

Disposals

(132,839

)

-

(132,839

)

At 31 August 2024

72,288

41,499

1,746,577

DEPRECIATION

At 1 September 2023

43,530

32,885

731,123

Charge for year

14,200

2,559

205,391

Eliminated on disposal

(28,387

)

-

(28,387

)

At 31 August 2024

29,343

35,444

908,127

NET BOOK VALUE

At 31 August 2024

42,945

6,055

838,450

At 31 August 2023

146,097

1,228

759,080

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Amounts owed by associates

165,001

115,001

Other debtors

4,886

5,788

169,887

120,789

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Hire purchase contracts

22,284

73,660

Trade creditors

112,066

22,761

Taxation and social security

103,483

177,236

Other creditors

14,807

14,155

252,640

287,812

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.24

31.8.23

£

£

Hire purchase contracts

-

92,533

8.	PROVISIONS FOR LIABILITIES

31.8.24

31.8.23

£

£

Deferred tax

177,024

121,472

Deferred

tax

£

Balance at 1 September 2023

121,472

Provided during year

55,552

Balance at 31 August 2024

177,024