Company registration number 11148344 (England and Wales)
BEAUTY INDEPENDENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
BEAUTY INDEPENDENT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BEAUTY INDEPENDENT LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
5,000
11,000
Tangible assets
4
13,669
18,225
18,669
29,225
Current assets
Stocks
2,884
2,500
Debtors
5
57,877
18,382
Cash at bank and in hand
4,407
2,810
65,168
23,692
Creditors: amounts falling due within one year
6
(76,541)
(39,055)
Net current liabilities
(11,373)
(15,363)
Total assets less current liabilities
7,296
13,862
Creditors: amounts falling due after more than one year
7
(3,333)
(7,333)
Provisions for liabilities
(2,597)
(3,463)
Net assets
1,366
3,066
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,365
3,065
Total equity
1,366
3,066
BEAUTY INDEPENDENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 July 2025
Miss J Kenwright
Director
Company registration number 11148344 (England and Wales)
BEAUTY INDEPENDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
Accounting policies
Company information

Beauty Independent Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Waterside Court, St. Helens, England, WA9 1UA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BEAUTY INDEPENDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
30,000
Amortisation and impairment
At 1 August 2023
19,000
Amortisation charged for the year
6,000
At 31 July 2024
25,000
Carrying amount
At 31 July 2024
5,000
At 31 July 2023
11,000
BEAUTY INDEPENDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
4
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
24,300
359
24,659
Depreciation and impairment
At 1 August 2023
6,075
359
6,434
Depreciation charged in the year
4,556
-
0
4,556
At 31 July 2024
10,631
359
10,990
Carrying amount
At 31 July 2024
13,669
-
0
13,669
At 31 July 2023
18,225
-
0
18,225
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,167
-
0
Other debtors
56,710
18,382
57,877
18,382
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
4,000
4,000
Trade creditors
1,512
1,440
Corporation tax
25,560
11,308
Other creditors
45,469
22,307
76,541
39,055
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,333
7,333
8
Operating lease commitments
BEAUTY INDEPENDENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
8
Operating lease commitments
(Continued)
- 6 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
7,200
14,400
9
Directors' transactions

The loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.

2024
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Ms J Kenwright - Directors Loan
14,181
73,749
374
(40,432)
47,872
14,181
73,749
374
(40,432)
47,872
2023
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Ms J Kenwright - Directors Loan
-
77,541
(63,360)
14,181
-
77,541
-
(63,360)
14,181
2024-07-312023-08-01falsefalsefalse29 July 2025CCH SoftwareCCH Accounts Production 2025.100The principal activity of the company was beauty aesthetics.
Ms J Kenwright
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