| R & S Beauty Ltd |
| Registered number: |
08137816 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
25,761 |
|
|
25,761 |
| Tangible assets |
4 |
|
|
98,841 |
|
|
71,842 |
|
|
|
|
124,602 |
|
|
97,603 |
|
| Current assets |
| Stocks |
|
|
41,280 |
|
|
31,868 |
| Debtors |
5 |
|
30,192 |
|
|
37,095 |
| Cash at bank and in hand |
|
|
6,265 |
|
|
19,273 |
|
|
|
77,737 |
|
|
88,236 |
|
| Creditors: amounts falling due within one year |
6 |
|
(173,512) |
|
|
(108,284) |
|
| Net current liabilities |
|
|
|
(95,775) |
|
|
(20,048) |
|
| Total assets less current liabilities |
|
|
|
28,827 |
|
|
77,555 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(4,754) |
|
|
(15,025) |
|
|
|
| Net assets |
|
|
|
24,073 |
|
|
62,530 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
24,072 |
|
|
62,529 |
|
| Shareholder's funds |
|
|
|
24,073 |
|
|
62,530 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ria Shah |
| Director |
| Approved by the board on 22 October 2025 |
|
| R & S Beauty Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Government grants |
|
Grants received during the year from the government are recognised as other income. This income is recognised when the application is made to the local authority after receiving confirmation of entitlement from them. There would either be a debtor, a deferred income or no balance due recognised depending upon when the cash was received from the local authority. There are two types of grants received in the year include the Small Business Grant Fund (SBGF). SBGF is recognised on an accrual basis. Cash payments are received from local council to which the company usually pays business rates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
20% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Borrowing Costs |
|
All borrowing costs are recognised in profit or loss in the period in which they are incurred. |
|
|
Leased assets |
|
Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Functional and presentation currency |
|
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency. |
|
|
Employee benefits |
|
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.
Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.
Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. |
|
|
Going concern |
|
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
21 |
|
12 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 February 2024 |
25,761 |
|
At 31 January 2025 |
25,761 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 January 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
25,761 |
|
At 31 January 2024 |
25,761 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Fixtures, fittings, tools and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 February 2024 |
3,402 |
|
96,173 |
|
99,575 |
|
Additions |
- |
|
50,858 |
|
50,858 |
|
At 31 January 2025 |
3,402 |
|
147,031 |
|
150,433 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2024 |
- |
|
27,733 |
|
27,733 |
|
Charge for the year |
- |
|
23,859 |
|
23,859 |
|
At 31 January 2025 |
- |
|
51,592 |
|
51,592 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
3,402 |
|
95,439 |
|
98,841 |
|
At 31 January 2024 |
3,402 |
|
68,440 |
|
71,842 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
4,821 |
|
Other debtors |
30,192 |
|
32,274 |
|
|
|
|
|
|
30,192 |
|
37,095 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,246 |
|
10,246 |
|
Trade creditors |
19,484 |
|
18,239 |
|
Corporation tax |
- |
|
229 |
|
Other taxes and social security costs |
37,966 |
|
14,322 |
|
Other creditors |
105,816 |
|
65,248 |
|
|
|
|
|
|
173,512 |
|
108,284 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
4,754 |
|
15,025 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Included within other creditors is a director's loan of £90,816 (2024 - £47,588). |
|
|
| 9 |
Controlling party |
|
|
Ria Shah is the ultimate controlling party. |
|
|
| 10 |
Other information |
|
|
R & S Beauty Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
25 Kingsland Shopping Centre |
|
London |
|
E8 2LX |