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Registered number: 15307411
Beauty Tech Lab Ltd
Financial Statements
For the Period 24 November 2023 to 31 December 2024
Braant Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 15307411
31 December 2024
Notes £ £
CURRENT ASSETS
Stocks 4 144,471
Debtors 5 727,703
Cash at bank and in hand 376,140
1,248,314
Creditors: Amounts Falling Due Within One Year 6 (2,521,503 )
NET CURRENT ASSETS (LIABILITIES) (1,273,189 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,273,189 )
NET LIABILITIES (1,273,189 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (1,273,190 )
SHAREHOLDERS' FUNDS (1,273,189)
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amos Susskind
Director
18/08/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Beauty Tech Lab Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15307411 . The registered office is 53 Chancery House, 64 Chancery Lane, London, WC2A 1QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Stocks
31 December 2024
£
Finished goods 144,471
5. Debtors
31 December 2024
£
Due within one year
Amounts owed by group undertakings 424,397
Other debtors 303,306
727,703
6. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 180,753
Amounts owed to group undertakings 2,201,701
Other creditors 139,049
2,521,503
The amounts owed to group undertakings include an intercompany loan facility and trade balances from ultimate parent company. All amounts outstanding are unsecured and payable on demand.
7. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Ultimate Controlling Party
The company's ultimate controlling party is Sparlys by virtue of its ownership of 100% of the issued share capital in the company.
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10. Audit Information
The auditor's report on the accounts of Beauty Tech Lab Ltd for the period ended 31 December 2024 was unqualified.
The auditor's report was signed by Natalie Harrison FCA FCCA CTA TEP (Senior Statutory Auditor) for and on behalf of Beak Kemmenoe , Statutory Auditor.
Beak Kemmenoe
1-3 Manor Road
Chatham
Kent
ME4 6AE
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