Perfections Beauty UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08116317 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PERFECTIONS BEAUTY UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

F Rogers

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

08116317 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

12,970

15,646

12,970

15,646

CURRENT ASSETS

Stocks

6

34,443

38,850

Debtors

7

500

7,991

Cash at bank and in hand

2,697

12,608

37,640

59,449

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

33,821

38,816

NET CURRENT ASSETS

3,819

20,633

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,789

36,279

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

(23,614

)

(29,168

)

PROVISIONS FOR LIABILITIES

10

(2,065

)

(2,517

)

NET (LIABILITIES)/ASSETS

(8,890

)

4,594

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(8,990

)

4,494

SHAREHOLDERS' FUNDS

(8,890

)

4,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2025 and were signed by:

F Rogers - Director

1.	STATUTORY INFORMATION

Perfections Beauty UK 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.

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.

In preparing the financial statements, the director is required to make an assessment of the ability of the company to continue as a going concern. The director has considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the director is satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the director has concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover

Turnover represents the net invoiced sales of beauty services and goods, excluding VAT. Turnover is recognised at the point at which the rights to consideration become due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Improvements to property

-

25% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

COST

At 1 April 2024

43,450

3,000

8,917

Additions

-

258

At 31 March 2025

43,450

3,000

9,175

DEPRECIATION

At 1 April 2024

43,450

600

7,510

Charge for year

-

300

416

At 31 March 2025

43,450

900

7,926

NET BOOK VALUE

At 31 March 2025

-

2,100

1,249

At 31 March 2024

-

2,400

1,407

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

39,191

4,347

98,905

Additions

792

331

1,381

At 31 March 2025

39,983

4,678

100,286

DEPRECIATION

At 1 April 2024

27,726

3,973

83,259

Charge for year

3,064

277

4,057

At 31 March 2025

30,790

4,250

87,316

NET BOOK VALUE

At 31 March 2025

9,193

428

12,970

At 31 March 2024

11,465

374

15,646

6.

STOCKS

31.3.25

31.3.24

£

Stocks

34,443

38,850

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Prepayments

500

7,991

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

5,556

6,088

Trade creditors

311

-

Tax

4,303

6,642

Social security and other taxes

2,433

2,534

VAT

13,504

17,099

Other creditors

4,919

2,658

Directors' current accounts

34

70

Accrued expenses

2,761

3,725

33,821

38,816

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

5,556

Bank loans - 2-5 years

16,667

Bank loans more 5 yr by instal

1,391

6,945

23,614

29,168

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,391

6,945

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

2,065

2,517

Deferred

tax

£

Balance at 1 April 2024

2,517

Provided during year

(452

)

Balance at 31 March 2025

2,065

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £34 (2024 - £71). This loan is interest free and has no terms attached.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Perfections Beauty UK Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the director of Perfections Beauty UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Perfections Beauty UK Ltd and state those matters that we have agreed to state to the director of Perfections Beauty UK Ltd in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Perfections Beauty UK Ltd and its director for our work or for this report.

It is your duty to ensure that Perfections Beauty UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Perfections Beauty UK Ltd. You consider that Perfections Beauty UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Perfections Beauty UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

2 October 2025