Company Registration No. 08240749 (England and Wales)
Change My Face Ltd
Unaudited accounts
for the year ended 30 September 2024
Change My Face Ltd
Unaudited accounts
Contents
Change My Face Ltd
Company Information
for the year ended 30 September 2024
Secretary
Louise Jane Newman
Company Number
08240749 (England and Wales)
Registered Office
1a Frogmore House
Ormond Place
Cheltenham
Gloucesershire
GL50 1JD
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
Change My Face Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
1,708
2,201
Cash at bank and in hand
14,407
3,810
Creditors: amounts falling due within one year
(4,343)
(1,269)
Net current assets
12,510
12,959
Total assets less current liabilities
14,218
15,160
Creditors: amounts falling due after more than one year
(8,932)
(11,487)
Called up share capital
100
100
Profit and loss account
5,186
3,573
Shareholders' funds
5,286
3,673
For the year ending 30 September 2024 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 23 September 2024 and were signed on its behalf by
Auriole Prince
Director
Company Registration No. 08240749
Change My Face Ltd
Notes to the Accounts
for the year ended 30 September 2024
Change My Face Ltd is a private company, limited by shares, registered in England and Wales, registration number 08240749. The registered office is 1a Frogmore House, Ormond Place, Cheltenham, Gloucesershire, GL50 1JD.
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.
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.
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.
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.
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.
Change My Face Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
At 30 September 2024
5,236
At 30 September 2024
3,528
At 30 September 2024
1,708
At 30 September 2023
2,201
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,566
-
Taxes and social security
494
188
Loans from directors
1,533
217
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
5,000
5,000
The controlling party is Mrs A Prince.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).