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Company Registration No. 08515772 (England and Wales)
QUALITY BEAUTY STORE LTD Unaudited accounts for the year ended 31 May 2025
QUALITY BEAUTY STORE LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
11,366
14,048
Current assets
Inventories
10,089
10,089
Debtors
5
1,084
-
Cash at bank and in hand
57,666
64,792
68,839
74,881
Creditors: amounts falling due within one year
6
7,211
96,988
Net current assets
76,050
171,869
Total assets less current liabilities
87,416
185,917
Creditors: amounts falling due after more than one year
7
(6,956)
(22,626)
Net assets
80,460
163,291
Capital and reserves
Called up share capital
100
100
Profit and loss account
80,360
163,191
Shareholders' funds
80,460
163,291
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2026 and were signed on its behalf by
Mihails Nesterovics Director Company Registration No. 08515772
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QUALITY BEAUTY STORE LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
QUALITY BEAUTY STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 08515772. The registered office is 80 SANDRINGHAM CRESCENT, LEEDS, LS17 8DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
9,434
30,014
6,689
46,137
Additions
-
108
999
1,107
At 31 May 2025
9,434
30,122
7,688
47,244
Depreciation
At 1 June 2024
7,225
21,572
3,292
32,089
Charge for the year
552
2,138
1,099
3,789
At 31 May 2025
7,777
23,710
4,391
35,878
Net book value
At 31 May 2025
1,657
6,412
3,297
11,366
At 31 May 2024
2,209
8,442
3,397
14,048
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,084
-
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QUALITY BEAUTY STORE LTD Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
(14,727)
(13,791)
Trade creditors
225,993
96,071
Taxes and social security
22
323
Other creditors
(182,183)
(182,183)
Loans from directors
(36,316)
2,592
(7,211)
(96,988)
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,956
22,626
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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