Registered number
14341470
American Nails Salon Limited
Filleted Accounts
30 September 2024
American Nails Salon Limited
Registered number: 14341470
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,200 16,612
Current assets
Stocks 2,500 4,500
Debtors 4 21,855 1,960
Cash at bank and in hand 911 29,380
25,266 35,840
Creditors: amounts falling due within one year 5 (39,061) (37,070)
Net current liabilities (13,795) (1,230)
Net assets 5,405 15,382
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,404 15,381
Shareholder's funds 5,405 15,382
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Hanh Nguyen
Director
Approved by the board on 14 July 2025
American Nails Salon Limited
Notes to the Accounts
for the year ended 30 September 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:
Fixtures, fittings, tools and equipment 15% reducing balance basis
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 11
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 19,544
Additions 5,976
At 30 September 2024 25,520
Depreciation
At 1 October 2023 2,932
Charge for the year 3,388
At 30 September 2024 6,320
Net book value
At 30 September 2024 19,200
At 30 September 2023 16,612
4 Debtors 2024 2023
£ £
Trade debtors 16,800 -
Other debtors 5,055 1,960
21,855 1,960
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 260
Trade creditors 2,927 3,160
Taxation and social security costs 32,050 33,650
Other creditors 4,084 -
39,061 37,070
6 Other information
American Nails Salon Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 High Street
Tonbridge
TN9 1EJ
American Nails Salon Limited 14341470 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Hanh Nguyen No description of principal activity 14341470 2022-10-01 2023-09-30 14341470 core:WithinOneYear 2023-09-30 14341470 core:ShareCapital 2023-09-30 14341470 core:RetainedEarningsAccumulatedLosses 2023-09-30 14341470 2023-10-01 2024-09-30 14341470 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14341470 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14341470 bus:Director40 2023-10-01 2024-09-30 14341470 1 2023-10-01 2024-09-30 14341470 2 2023-10-01 2024-09-30 14341470 core:PlantMachinery 2023-10-01 2024-09-30 14341470 countries:England 2023-10-01 2024-09-30 14341470 bus:FRS102 2023-10-01 2024-09-30 14341470 bus:FilletedAccounts 2023-10-01 2024-09-30 14341470 2024-09-30 14341470 core:WithinOneYear 2024-09-30 14341470 core:ShareCapital 2024-09-30 14341470 core:RetainedEarningsAccumulatedLosses 2024-09-30 14341470 core:PlantMachinery 2024-09-30 14341470 2023-09-30 14341470 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure