AbFab Beauty Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12870092

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		960
Tangible Assets	5		-		1,199

			-		2,159
CURRENT ASSETS
Debtors	6	5,073		8,575
Cash at bank and in hand		3,599		5,214

		8,672		13,789
Creditors: Amounts Falling Due Within One Year	7	(5,742 )		(15,449 )

NET CURRENT ASSETS (LIABILITIES)			2,930		(1,660 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,930		499

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(410 )

NET ASSETS			2,930		89

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			2,830		(11 )

SHAREHOLDERS' FUNDS			2,930		89

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AbFab Beauty Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Miss Abbie Downton

Director

29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AbFab Beauty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12870092 . The registered office is Pilgrim Suite, Ketteringham Hall, Church Road, Ketteringham , Wymondham, Norfolk, NR18 9RS.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are the website, which is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Financial Instruments

A financial asset or a financial liability is only recognised when the entity becomes party to the contactual provisions of the instrument. Basic financial instruments are initially recognised at the amount of receivable or payable including any related transaction costs, unless the arrangement constitutes a financial transaction, which it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilites are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.

2.6. Impairment

At each reporting date goodwill and other intangiable assets and investments but excluding invetsment properties are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indiction of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impariment loss is recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

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AbFab Beauty Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	2,400
Disposals	(2,400 )

As at 30 September 2024	-

Amortisation
As at 1 October 2023	1,440
Disposals	(1,440 )

As at 30 September 2024	-

Net Book Value
As at 30 September 2024	-

As at 1 October 2023	960

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2023	2,076	323	2,399
Disposals	(2,076 )	(323 )	(2,399 )

As at 30 September 2024	-	-	-

Depreciation
As at 1 October 2023	1,013	187	1,200
Disposals	(1,013 )	(187 )	(1,200 )

As at 30 September 2024	-	-	-

Net Book Value
As at 30 September 2024	-	-	-

As at 1 October 2023	1,063	136	1,199

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	-	4,200
Other taxes and social security	-	26
Director's loan account	5,073	4,349

	5,073	8,575

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AbFab Beauty Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	599	4,249
Corporation tax	52	525
Other taxes and social security	491	-
Other creditors	-	6,390
Accruals and deferred income	4,600	4,285

	5,742	15,449

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

D5 Holdings Limited, a significant shareholder of the company and related party, has agreed with AbFab Beauty Ltd that the loan owing of £7,386 is written off to the profit and loss account.

No interest was accrued on this loan.

D5 Holdings Limited was voted a £1,500 dividends during the year ending 30th Sept 2024.

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