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REGISTERED NUMBER: 11523322 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Prestige Nails Limited

Prestige Nails Limited (Registered number: 11523322)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Prestige Nails Limited (Registered number: 11523322)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £ £
Fixed assets
Tangible assets 4 80,464 70,169

Current assets
Debtors 5 204,362 59,128
Cash at bank 26,181 39,566
230,543 98,694
Creditors
Amounts falling due within one year 6 (28,093 ) (17,795 )
Net current assets 202,450 80,899
Total assets less current liabilities 282,914 151,068

Creditors
Amounts falling due after more than
one year

7

(175,852

)

(10,727

)
Net assets 107,062 140,341

Capital and reserves
Called up share capital 100 100
Retained earnings 9 106,962 140,241
Shareholders' funds 107,062 140,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Prestige Nails Limited (Registered number: 11523322)

Balance Sheet - continued
31 August 2024


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

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

The financial statements were approved by the director and authorised for issue on 18 August 2025 and were signed by:





Miss Fozia Anyat - Director


Prestige Nails Limited (Registered number: 11523322)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Prestige Nails Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11523322

Registered office: Marshall House, Suite 21-25
124 Middleton Road
Morden
Surrey
SM4 6RW

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Prestige Nails Limited (Registered number: 11523322)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. Employees and directors

The average number of employees during the year was 7 (2023 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 September 2023 86,652 17,281 103,933
Additions - 28,450 28,450
At 31 August 2024 86,652 45,731 132,383
Depreciation
At 1 September 2023 25,995 7,769 33,764
Charge for year 8,665 9,490 18,155
At 31 August 2024 34,660 17,259 51,919
Net book value
At 31 August 2024 51,992 28,472 80,464
At 31 August 2023 60,657 9,512 70,169

5. Debtors: amounts falling due within one year
31.8.24 31.8.23
£ £
Trade debtors 11,670 1,128
Other debtors 153,745 58,000
Long term contracts 38,947 -
204,362 59,128

6. Creditors: amounts falling due within one year
31.8.24 31.8.23
£ £
Trade creditors 1 (1 )
Corporation tax 28,092 17,796
28,093 17,795

Prestige Nails Limited (Registered number: 11523322)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. Creditors: amounts falling due after more than one year
31.8.24 31.8.23
£ £
Bank loans (see note 8) 119,852 10,727
Other loans (see note 8) 56,000 -
175,852 10,727

8. Loans

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 119,852 10,727
Other loans - 1-2 years 56,000 -
175,852 10,727

9. Reserves
Retained
earnings
£

At 1 September 2023 140,241
Deficit for the year (33,279 )
At 31 August 2024 106,962