Company Registration No. 14730783 (England and Wales)
Peacock Beauty Lounge Limited
Unaudited accounts
for the year ended 31 March 2025
Peacock Beauty Lounge Limited
Unaudited accounts
Contents
Peacock Beauty Lounge Limited
Company Information
for the year ended 31 March 2025
Company Number
14730783 (England and Wales)
Registered Office
Boundary House 1 Kings Road
Shalford
Guildford
GU4 8LE
England
Accountants
Switchfoot Accounting Limited
147 Frimley Road
Camberley
Surrey
GU15 2PS
Peacock Beauty Lounge Limited
Statement of financial position
as at 31 March 2025
Intangible assets
59,440
66,870
Cash at bank and in hand
56,864
50,221
Creditors: amounts falling due within one year
(58,956)
(56,547)
Net current assets
8,460
5,335
Called up share capital
69,000
69,000
Profit and loss account
558
3,205
Shareholders' funds
69,558
72,205
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 June 2025 and were signed on its behalf by
N Peacock
Director
Company Registration No. 14730783
Peacock Beauty Lounge Limited
Notes to the Accounts
for the year ended 31 March 2025
Peacock Beauty Lounge Limited is a private company, limited by shares, registered in England and Wales, registration number 14730783. The registered office is Boundary House 1 Kings Road, Shalford, Guildford, GU4 8LE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 5 years on a straight line basis
Computer equipment
over 3 years on a straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Peacock Beauty Lounge Limited
Notes to the Accounts
for the year ended 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 31 March 2025
1,579
500
2,079
Charge for the year
254
166
420
At 31 March 2025
254
167
421
At 31 March 2025
1,325
333
1,658
Peacock Beauty Lounge Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
789
700
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,563
12,106
Other creditors
6,451
10,370
Loans from directors
32,304
27,686
Allotted, called up and fully paid:
69,000 Ordinary shares of £1 each
69,000
69,000
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Average number of employees
During the year the average number of employees was 4 (2024: 5).