Registered number
05833560
N.M. BEAUTY SUPPLY LTD
Filleted Accounts
31 May 2024
N.M. BEAUTY SUPPLY LTD
Registered number: 05833560
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 641,154 528,434
Current assets
Stocks 434,605 849,605
Debtors 4 103,453 254,861
Cash at bank and in hand 34,455 5,845
572,513 1,110,311
Creditors: amounts falling due within one year 5 (444,489) (703,264)
Net current assets 128,024 407,047
Total assets less current liabilities 769,178 935,481
Creditors: amounts falling due after more than one year 6 (36,875) (378,722)
Net assets 732,303 556,759
Capital and reserves
Profit and loss account 732,303 556,759
Shareholders' funds 732,303 556,759
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.
Maqbool Hussain
Director
Approved by the board on 30 May 2025
N.M. BEAUTY SUPPLY LTD
Notes to the Accounts
for the year ended 31 May 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 525,601 - 23,100 548,701
Additions - 122,697 18,910 141,607
At 31 May 2024 525,601 122,697 42,010 690,308
Depreciation
At 1 June 2023 - - 20,267 20,267
Charge for the year - 24,539 4,348 28,887
At 31 May 2024 - 24,539 24,615 49,154
Net book value
At 31 May 2024 525,601 98,158 17,395 641,154
At 31 May 2023 525,601 - 2,833 528,434
4 Debtors 2024 2023
£ £
Trade debtors 97,453 226,451
Other debtors 6,000 28,410
103,453 254,861
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 52,500 501,957
Trade creditors 160,400 100,615
Taxation and social security costs 24,417 41,892
Other creditors 207,172 58,800
444,489 703,264
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 36,875 378,722
7 Other information
N.M. BEAUTY SUPPLY LTD is a private company limited by shares and incorporated in England. Its registered office is:
64 North Road
Southall
Middlesex
UB1 2JL
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