Best Beauty Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06374677 (England and Wales)

Financial Statements

For The Year Ended 30 September 2018

for

BEST BEAUTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Dhingra

SECRETARY:

Mrs L Sulayman

REGISTERED OFFICE:

79 College Road

Harrow

Middlesex

HA1 1BD

REGISTERED NUMBER:

06374677 (England and Wales)

ACCOUNTANTS:

Ayman Tyler Associates

Accountants & Tax Advisers

79 College Road

Harrow

Middlesex

HA1 1BD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

6,059

2

6,060

3

CURRENT ASSETS

Stocks

827

2,370

Debtors

6

40,875

22,262

Cash at bank and in hand

31,962

40,596

73,664

65,228

CREDITORS

Amounts falling due within one year

7

68,450

63,127

NET CURRENT ASSETS

5,214

2,101

TOTAL ASSETS LESS CURRENT LIABILITIES

11,274

2,104

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

10,274

1,104

SHAREHOLDERS' FUNDS

11,274

2,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 November 2018 and were signed by:

P Dhingra - Director

1.	STATUTORY INFORMATION

Best Beauty Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on cost and 20% 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 Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2017

and 30 September 2018

1

NET BOOK VALUE

At 30 September 2018

1

At 30 September 2017

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2017

21,000

129,362

150,362

Additions

-

8,075

8,075

At 30 September 2018

21,000

137,437

158,437

DEPRECIATION

At 1 October 2017

20,999

129,361

150,360

Charge for year

-

2,018

2,018

At 30 September 2018

20,999

131,379

152,378

NET BOOK VALUE

At 30 September 2018

1

6,058

6,059

At 30 September 2017

1

1

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Other debtors

40,875

22,262

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

1

-

Taxation and social security

72

33

Other creditors

68,377

63,094

68,450

63,127

8.	OTHER FINANCIAL COMMITMENTS

In December 2015 the company signed a new 5-year lease agreement for the premises at 50 Greenhill Way

Harrow Middlesex HA1 1LE at an annual rental of £27,000 per annum.