Pippa Beauty Limited Filleted accounts for Companies House (small and micro)

Pippa Beauty Limited Filleted accounts for Companies House (small and micro)

PIPPA BEAUTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05368952
Pippa Beauty Limited
Filleted Unaudited Financial Statements
28 February 2019
Pippa Beauty Limited
Statement of Financial Position
28 February 2019
2019
2018
Note
£
£
£
Current assets
Stocks
85,505
91,243
Debtors
5
9,404
5,433
Cash at bank and in hand
15,637
10,058
---------
---------
110,546
106,734
Creditors: amounts falling due within one year
6
110,359
100,484
---------
---------
Net current assets
187
6,250
----
-------
Total assets less current liabilities
187
6,250
Creditors: amounts falling due after more than one year
7
21,674
22,377
--------
--------
Net liabilities
( 21,487)
( 16,127)
--------
--------
Capital and reserves
Called up share capital
80
80
Profit and loss account
( 21,567)
( 16,207)
--------
--------
Shareholder deficit
( 21,487)
( 16,127)
--------
--------
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 year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has 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 .
Pippa Beauty Limited
Statement of Financial Position (continued)
28 February 2019
These financial statements were approved by the board of directors and authorised for issue on 28 November 2019 , and are signed on behalf of the board by:
Mr SCW Moorehead
Director
Company registration number: 05368952
Pippa Beauty Limited
Notes to the Financial Statements
Year ended 28 February 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1A The Moorings, Dane Road Industrial Estate, Sale, Cheshire, M33 7BP.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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 director has given an undertaking not to seek repayment of his directors loan until the company is in a position to repay. He considers that it is appropriate to prepare the accounts on the going concern basis.
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
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2018: 1 ).
5. Debtors
2019
2018
£
£
Trade debtors
9,404
2,684
Other debtors
–
2,749
-------
-------
9,404
5,433
-------
-------
6. Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
103,979
96,273
Social security and other taxes
2,169
–
Other creditors
4,211
4,211
---------
---------
110,359
100,484
---------
---------
7. Creditors: amounts falling due after more than one year
2019
2018
£
£
Other creditors
21,674
22,377
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr SCW Moorehead
( 22,377)
703
( 21,674)
--------
----
--------
2018
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr SCW Moorehead
( 17,687)
( 4,690)
( 22,377)
--------
-------
--------