Face Blanc Ltd
Registered number: 08264368
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Stocks 447,460 449,880
Debtors 3 8,081 172,560
Cash at bank and in hand 8,817 5,743
464,358 628,183
Creditors: amounts falling due within one year 4 (159,471) (212,264)
Net current assets 304,887 415,919
Total assets less current liabilities 304,887 415,919
Creditors: amounts falling due after more than one year 5 (178,845) (231,876)
Net assets 126,042 184,043
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 125,042 183,043
Shareholders' funds 126,042 184,043
The director is 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 director acknowledges his 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.
G Hwang
Director
Approved by the board on 27 May 2025
Face Blanc Ltd
Notes to the Accounts
for the year ended 31 October 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 5
3 Debtors 2024 2023
£ £
Other debtors 8,081 172,560
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 1,925 -
Other creditors 157,546 212,264
159,471 212,264
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 26,275 28,247
Other creditors 152,570 203,629
178,845 231,876
6 Other information
Face Blanc Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lu 229, The Lightbulb
1 Filament Walk
London
SW18 4GQ
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