Stealth & Beauty Ltd Filleted accounts for Companies House (small and micro)

STEALTH & BEAUTY LTD - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-09-19 Sage Accounts Production Advanced 2018 Update 1 - FRS 994 994 195 195 799 xbrli:pure xbrli:shares iso4217:GBP 10971511 2017-09-19 2018-09-30 10971511 2018-09-30 10971511 core:FurnitureFittings 2017-09-19 2018-09-30 10971511 bus:RegisteredOffice 2017-09-19 2018-09-30 10971511 bus:LeadAgentIfApplicable 2017-09-19 2018-09-30 10971511 bus:Director1 2017-09-19 2018-09-30 10971511 bus:Director2 2017-09-19 2018-09-30 10971511 bus:Director3 2017-09-19 2018-09-30 10971511 core:FurnitureFittings 2018-09-30 10971511 core:WithinOneYear 2018-09-30 10971511 core:ShareCapital 2018-09-30 10971511 core:RetainedEarningsAccumulatedLosses 2018-09-30 10971511 bus:SmallEntities 2017-09-19 2018-09-30 10971511 bus:AuditExemptWithAccountantsReport 2017-09-19 2018-09-30 10971511 bus:FullAccounts 2017-09-19 2018-09-30 10971511 bus:SmallCompaniesRegimeForAccounts 2017-09-19 2018-09-30 10971511 bus:PrivateLimitedCompanyLtd 2017-09-19 2018-09-30

COMPANY REGISTRATION NUMBER: 10971511

Stealth & Beauty Ltd

Filleted Unaudited Financial Statements

30 September 2018

Stealth & Beauty Ltd

Financial Statements

Period from 19 September 2017 to 30 September 2018

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Stealth & Beauty Ltd

Officers and Professional Advisers

The board of directors	J Mishreki
	J Smyth
	P J Wilkinson

Registered office	4th Floor
	177 Wardour Street
	London
	W1F 8WX

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Stealth & Beauty Ltd

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Stealth & Beauty Ltd

Period from 19 September 2017 to 30 September 2018

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 30 September 2018, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

Stealth & Beauty Ltd

Statement of Financial Position

30 September 2018

	30 Sep 18
Note	£

Fixed assets

Tangible assets	4	799

Current assets

Debtors	5	3,924
Cash at bank and in hand		17,819
		--------
		21,743

Creditors: amounts falling due within one year	6	90,574
		--------
Net current liabilities		68,831
		--------
Total assets less current liabilities		( 68,032)
		--------
Net liabilities		( 68,032)
		--------

Capital and reserves

Called up share capital	40
Profit and loss account	( 68,072)
	--------
Shareholders funds	( 68,032)
	--------

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 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 comprehensive income has not been delivered.

For the period ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Stealth & Beauty Ltd

Statement of Financial Position (continued)

30 September 2018

These financial statements were approved by the board of directors and authorised for issue on 18 June 2019 , and are signed on behalf of the board by:

J Mishreki

Director

Company registration number: 10971511

Stealth & Beauty Ltd

Notes to the Financial Statements

Period from 19 September 2017 to 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 177 Wardour Street, London, W1F 8WX.

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

In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

	Fixtures and fittings	-	33% straight line

4. Tangible assets

	Fixtures and fittings
	£
Cost
At 19 September 2017	–
Additions	994
	----
At 30 September 2018	994
	----
Depreciation
At 19 September 2017	–
Charge for the period	195
	----
At 30 September 2018	195
	----
Carrying amount
At 30 September 2018	799
	----

5. Debtors

	30 Sep 18
	£
Trade debtors	84
Other debtors	3,840
	-------
	3,924
	-------

6. Creditors: amounts falling due within one year

	30 Sep 18
	£
Trade creditors	9,229
Other creditors	81,345
	--------
	90,574
	--------

Included within other creditors above is £1,500 of convertible debt.