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Registration number: NI647549

Eluxe Beauty Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Eluxe Beauty Limited

(Registration number: NI647549)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

41,011

37,643

Current assets

 

Stocks

5

1,500

1,500

Debtors

6

-

1,300

Cash at bank and in hand

 

38,350

33,112

 

39,850

35,912

Creditors: Amounts falling due within one year

7

(5,272)

(4,458)

Net current assets

 

34,578

31,454

Total assets less current liabilities

 

75,589

69,097

Creditors: Amounts falling due after more than one year

7

(20,359)

(22,860)

Net assets

 

55,230

46,237

Capital and reserves

 

Called up share capital

9

10

10

Retained earnings

55,220

46,227

Shareholders' funds

 

55,230

46,237

For the financial year 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 year in question in accordance with section 476; and

The director acknowledges her 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 Profit and Loss Account.

 

Eluxe Beauty Limited

(Registration number: NI647549)
Balance Sheet as at 31 August 2024

Approved and authorised by the director on 31 May 2025
 

.........................................

Emma Lau
Director

 

Eluxe Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: Unit 6 Ahoghill Business Centre, 58 Cullybackey Road, Ballymena, BT42 1LA.

These financial statements were authorised for issue by the director on 31 May 2025.

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.

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 recognised at the point of provision of the goods or services, which is the point the company has generated the right to consideration.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Eluxe Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

15% straight-line basis

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 4).

 

Eluxe Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

35,294

4,352

39,646

Additions

-

4,730

4,730

At 31 August 2024

35,294

9,082

44,376

Depreciation

At 1 September 2023

-

2,003

2,003

Charge for the year

-

1,362

1,362

At 31 August 2024

-

3,365

3,365

Carrying amount

At 31 August 2024

35,294

5,717

41,011

At 31 August 2023

35,294

2,349

37,643

5

Stocks

2024
£

2023
£

Stocks

1,500

1,500

6

Debtors

2024
£

2023
£

Prepayments

-

500

Other debtors

-

800

 

-

1,300

 

Eluxe Beauty Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors: due within one year

2024
£

2023
£

Other creditors

5,272

4,458

8

Creditors: due after more than one year

2024
£

2023
£

Director's loan account

20,359

22,860

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10