Company Registration No. 09254216 (England and Wales)
E R BEAUTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2024
31 March 2024
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
E R BEAUTY LIMITED
COMPANY INFORMATION
Directors
Mrs E Fitton
Mr R Fitton
Company number
09254216
Registered office
22-24 St Mary's Gate
Rochdale
Lancashire
OL16 1DZ
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
E R BEAUTY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
E R BEAUTY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
30 November 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
201
302
Current assets
Stocks
1,500
2,300
Debtors
5
525
2,517
Cash at bank and in hand
1,225
3,900
3,250
8,717
Creditors: amounts falling due within one year
6
(51,445)
(53,991)
Net current liabilities
(48,195)
(45,274)
Total assets less current liabilities
(47,994)
(44,972)
Creditors: amounts falling due after more than one year
7
(3,400)
(6,200)
Net liabilities
(51,394)
(51,172)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(51,494)
(51,272)
Total equity
(51,394)
(51,172)
E R BEAUTY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

For the financial period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2026 and are signed on its behalf by:
Mrs E Fitton
Director
Company registration number 09254216 (England and Wales)
E R BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

E R Beauty Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22-24 St Mary's Gate, Rochdale, Lancashire, OL16 1DZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Whilst the director intends to continue the orderly wind-down of the company's activities, there remains uncertainty regarding the timing of the realisation of certain assets and settlement of liabilities. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. Nevertheless, the director considers it appropriate to prepare the financial statements on the going concern basis for the reasons set out above.true

1.3
Reporting period

The financial statements are presented for a period of longer than one year to bring its reporting period in line with its associated unincorporated businesses. As such, comparative amounts presented in the financial statements are not entirely comparable.

1.4
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment, fixtures and fittings
25% Reducing balance
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

E R BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

E R BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2022
Number
Number
Total
3
3
3
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2022 and 31 March 2024
33,000
Amortisation and impairment
At 1 December 2022 and 31 March 2024
33,000
Carrying amount
At 31 March 2024
-
0
At 30 November 2022
-
0
4
Tangible fixed assets
Equipment, fixtures and fittings
£
Cost
At 1 December 2022 and 31 March 2024
2,695
Depreciation and impairment
At 1 December 2022
2,393
Depreciation charged in the period
101
At 31 March 2024
2,494
Carrying amount
At 31 March 2024
201
At 30 November 2022
302
5
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
525
2,517
E R BEAUTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2022
£
£
Bank loans
2,400
2,400
Other creditors
49,045
51,591
51,445
53,991
7
Creditors: amounts falling due after more than one year
2024
2022
£
£
Bank loans and overdrafts
3,400
6,200
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