REGISTERED NUMBER: 07781194 (England and Wales)

Financial Statements for the Year Ended 30th September 2024

for

The Nail Bar (Bewdley) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs G A Matthews

Miss D M E Edwards

REGISTERED OFFICE:

47 Load Street

Bewdley

Worcestershire

DY12 2AP

REGISTERED NUMBER:

07781194 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

2,004

2,672

CURRENT ASSETS

Stocks

8,970

8,970

Debtors

4,444

2,853

Cash at bank and in hand

8,542

9,952

21,956

21,775

CREDITORS

Amounts falling due within one year

30,462

30,180

NET CURRENT LIABILITIES

(8,506

)

(8,405

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,502

)

(5,733

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(6,504

)

(5,735

)

SHAREHOLDERS' FUNDS

(6,502

)

(5,733

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th June 2025 and were signed on its behalf by:

Mrs G A Matthews - Director

1.	STATUTORY INFORMATION

The Nail Bar (Bewdley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOVERNMENT GRANTS

Income from Government grants is recognised in the profit and loss in the same period in which the associated expense occurs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st October 2023

and 30th September 2024

15,094

DEPRECIATION

At 1st October 2023

12,422

Charge for year

668

At 30th September 2024

13,090

NET BOOK VALUE

At 30th September 2024

2,004

At 30th September 2023

2,672

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a loan from the directors. It is interest free.

6.	GOING CONCERN

As at 30 September 2024 the Balance Sheet was overdrawn. The directors have agreed to support the company therefore these accounts have been drawn up on a going concern basis.