Aesthete Beauty Ltd SC779216 false 2023-08-16 2024-08-31 2024-08-31 The principal activity of the company is Beauty salon Digita Accounts Production Advanced 6.30.9574.0 true SC779216 2023-08-16 2024-08-31 SC779216 2024-08-31 SC779216 core:CurrentFinancialInstruments 2024-08-31 SC779216 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC779216 core:Non-currentFinancialInstruments 2024-08-31 SC779216 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC779216 bus:SmallEntities 2023-08-16 2024-08-31 SC779216 bus:AuditExemptWithAccountantsReport 2023-08-16 2024-08-31 SC779216 bus:FilletedAccounts 2023-08-16 2024-08-31 SC779216 bus:SmallCompaniesRegimeForAccounts 2023-08-16 2024-08-31 SC779216 bus:RegisteredOffice 2023-08-16 2024-08-31 SC779216 bus:Director1 2023-08-16 2024-08-31 SC779216 bus:PrivateLimitedCompanyLtd 2023-08-16 2024-08-31 SC779216 countries:Scotland 2023-08-16 2024-08-31 iso4217:GBP xbrli:pure

Registration number: SC779216

Aesthete Beauty Ltd

Unaudited Financial Statements

for the Period from 16 August 2023 to 31 August 2024

 

Aesthete Beauty Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Aesthete Beauty Ltd

(Registration number: SC779216)
Statement of Financial Position as at 31 August 2024

Note

2024
£

Current assets

 

Debtors

4

2,136

Cash at bank and in hand

 

340

 

2,476

Creditors: Amounts falling due within one year

5

(13,286)

Total assets less current liabilities

 

(10,810)

Creditors: Amounts falling due after more than one year

5

(29,000)

Net liabilities

 

(39,810)

Capital and reserves

 

Called up share capital

1

Retained earnings

(39,811)

Shareholders' deficit

 

(39,810)

For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 12 May 2025
 

.........................................
Mr Nicholas Findlater
Director

 

Aesthete Beauty Ltd

Notes to the Unaudited Financial Statements for the Period from 16 August 2023 to 31 August 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
76 Bell Street
Dundee
DD1 1HF
Scotland

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Borrowings

 

Aesthete Beauty Ltd

Notes to the Unaudited Financial Statements for the Period from 16 August 2023 to 31 August 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1.

4

Debtors

Current

2024
£

Trade debtors

1,250

Prepayments

386

Other debtors

500

 

2,136

 

Aesthete Beauty Ltd

Notes to the Unaudited Financial Statements for the Period from 16 August 2023 to 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

1,160

Taxation and social security

248

Accruals and deferred income

1,102

Other creditors

10,776

13,286

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

6

29,000

6

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

29,000