ACCOUNTS - Final Accounts preparation

Company registration number: 11379200

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MAY 2025

	ELYSIAN BEAUTY BOUTIQUE LTD


ELYSIAN BEAUTY BOUTIQUE LTD

COMPANY INFORMATION

Directors	D Holgate-Stuckey
	L D Stuckey


Registered number	11379200


Registered office	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


ELYSIAN BEAUTY BOUTIQUE LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


ELYSIAN BEAUTY BOUTIQUE LTD REGISTERED NUMBER:11379200

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	4		-		-
Tangible assets			-		2,609
			-		2,609
Current assets
Stocks		-		2,000
Debtors: amounts falling due within one year	6	274		8,972
Cash at bank and in hand		3,030		3,264
		3,304		14,236
Creditors: amounts falling due within one year	7	(36,029)		(51,648)
Net current liabilities			(32,725)		(37,412)
Total assets less current liabilities			(32,725)		(34,803)
Creditors: amounts falling due after more than one year	8		-		(7,602)
Provisions for liabilities
Deferred tax		-		(652)
			-		(652)
Net liabilities			(32,725)		(43,057)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(32,825)	(43,157)
	(32,725)	(43,057)

Page 1


ELYSIAN BEAUTY BOUTIQUE LTD REGISTERED NUMBER:11379200

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

L D Stuckey

Director

Date: 18 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


ELYSIAN BEAUTY BOUTIQUE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Elysian Beauty Boutique Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

As explained in accounting policy 2.2, the directors intend to dissolve the comapny after the approval of the financial statements. As required by UK accounting standards, the directors have prepared the financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.
Other than as noted above, the financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have not been prepared on a going concern basis given the sale of the trade and the directors' intention to dissolve the company after the approval of these.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


ELYSIAN BEAUTY BOUTIQUE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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ELYSIAN BEAUTY BOUTIQUE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.8

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%
				Fixtures and fittings	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.10

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 4).

Page 5


ELYSIAN BEAUTY BOUTIQUE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

4.	Intangible assets

		Goodwill
		£

	At 1 June 2024	1,574
	Disposals	(1,574)
	At 31 May 2025	-

	At 1 June 2024	1,574
	On disposals	(1,574)
	At 31 May 2025	-
	Net book value
	At 31 May 2025	-
	At 31 May 2024	-

5.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£

At 1 June 2024	24,313	1,473	25,786
Additions	1,495	-	1,495
Disposals	(25,808)	(1,473)	(27,281)
At 31 May 2025	-	-	-

At 1 June 2024	22,442	735	23,177
Charge for the year on owned assets	1,088	294	1,382
Disposals	(23,530)	(1,029)	(24,559)
At 31 May 2025	-	-	-
Net book value
At 31 May 2025	-	-	-
At 31 May 2024	1,871	738	2,609

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ELYSIAN BEAUTY BOUTIQUE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024
					£	£


Other debtors	274	-
Prepayments and accrued income	-	8,972
	274	8,972

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	1,044
Bank loans	-	1,328
Trade creditors	-	9,829
Other taxation and social security	995	5,429
Other creditors	32,451	31,178
Accruals and deferred income	2,583	2,840
	36,029	51,648

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	7,602
	-	7,602

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:
	2025	2024
	£	£

	Repayable by instalments	-	2,290
		-	2,290

9.	Related party transactions
	At the reporting date the company owed £32,451 (2024: £26,763) to the directors. The balance can be found within creditors due within one year and no interest is being charged on this.

Page 7