Flawless MakeUp Salon Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09711624

Flawless MakeUp Salon Limited

Filleted Unaudited Financial Statements

31 July 2025

Flawless MakeUp Salon Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		7,185	7,756

Current assets

Stocks		1,200	750
Debtors	6	156	1,355
		-------	-------
		1,356	2,105

Creditors: amounts falling due within one year	7	21,380		19,547
		--------		--------
Net current liabilities			20,024	17,442
			--------	--------
Total assets less current liabilities			( 12,839)	( 9,686)

Creditors: amounts falling due after more than one year	8	4,542	9,121
		--------	--------
Net liabilities		( 17,381)	( 18,807)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 17,382)	( 18,808)
	--------	--------
Shareholders deficit	( 17,381)	( 18,807)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Flawless MakeUp Salon Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

Mr N Williams
Director

Company registration number: 09711624

Flawless MakeUp Salon Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pendower, 12 Hollybush Close, Glan-Llyn Road, Bradley, Wrexham, LL11 4BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis. The directors consider this basis to be appropriate because of the continuing financial support provided by the directors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover in the profit and loss account represents amounts received for the supply of cosmetic services. The company operates VAT on a flat rate basis.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans.

Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 August 2024	17,917	17,917
Additions	1,824	1,824
	--------	--------
At 31 July 2025	19,741	19,741
	--------	--------
Depreciation
At 1 August 2024	10,161	10,161
Charge for the year	2,395	2,395
	--------	--------
At 31 July 2025	12,556	12,556
	--------	--------
Carrying amount
At 31 July 2025	7,185	7,185
	--------	--------
At 31 July 2024	7,756	7,756
	--------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	156	1,355
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	3,128	3,118
Trade creditors	1,952	1,357
Social security and other taxes	8,290	7,811
Other creditors	8,010	7,261
	--------	--------
	21,380	19,547
	--------	--------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,626	5,240
Other creditors	1,916	3,881
	-------	-------
	4,542	9,121
	-------	-------

9. Director's advances, credits and guarantees

During the year, the director operated a loan account with the company. At the start of the year, the balance was £764 credit (2024 - £3,614 debit). With net movement in the year of £1,597, the balance at the end of the period was £2,361 credit (2024 - £764 credit). Interest is charged at the official beneficial loan rate on overdrawn balances and the loan is repayable upon demand.