Neil Young Beauty Limited


Director	Neil Young


Registered Address	42 High Street, Wanstead
	London
	E11 2RJ


Registered Number	11363530 (England and Wales)

Balance Sheet as at
31 May 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		1,321		403
			1,321		403
Current assets
Cash at bank and on hand		57,073		37,206
		57,073		37,206
Creditors amounts falling due within one year	5	(23,406)		(14,356)
Net current assets (liabilities)			33,667		22,850
Total assets less current liabilities			34,988		23,253
Provisions for liabilities			(330)		(101)
Net assets			34,658		23,152
Capital and reserves
Called up share capital			100		100
Profit and loss account			34,558		23,052
Shareholders' funds			34,658		23,152

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 21 August 2026, and are signed on its behalf by:

Neil Young
Director
Registered Company No. 11363530

Neil Young Beauty Limited

Notes to the Financial Statements
for the year ended 31 May 2026

1.	Accounting policies

	Statutory information
	Neil Young Beauty Limited is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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. Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2018 and now has been fully amortised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Computer equipment - 20% on cost

2.	Average number of employees


		2026		2025
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 June 25	12,000
	At 31 May 26	12,000
	Amortisation and impairment
	At 01 June 25	12,000
	At 31 May 26	12,000
	Net book value
	At 31 May 26	-
	At 31 May 25	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 June 25	2,677
	Additions	1,399
	At 31 May 26	4,076
	Depreciation and impairment
	At 01 June 25	2,274
	Charge for year	481
	At 31 May 26	2,756
	Net book value
	At 31 May 26	1,321
	At 31 May 25	403

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Amounts owed to related parties	8,144	1,048
Taxation and social security	15,262	13,308
Total	23,406	14,356


	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.