Mayfair Aesthetics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10297050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Mayfair Aesthetics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

M R Rundle

Ms L McSheffery

REGISTERED OFFICE:

107 Sheringham Avenue

London

N14 4UJ

REGISTERED NUMBER:

10297050 (England and Wales)

ACCOUNTANTS:

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

FIXED ASSETS

Tangible assets

4

58,497

96,736

CURRENT ASSETS

Debtors

5

23,961

19,061

Cash at bank

16,866

20,497

40,827

39,558

CREDITORS

Amounts falling due within one year

6

71,640

52,969

NET CURRENT LIABILITIES

(30,813

)

(13,411

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,684

83,325

CREDITORS

Amounts falling due after more than one year

7

87,941

86,390

NET LIABILITIES

(60,257

)

(3,065

)

CAPITAL AND RESERVES

Called up share capital

8

2

3

Capital redemption reserve

9

1

-

Retained earnings

9

(60,260

)

(3,068

)

SHAREHOLDERS' FUNDS

(60,257

)

(3,065

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 March 2020 and were signed on its behalf by:

M R Rundle - Director

Ms L McSheffery - Director

1.	STATUTORY INFORMATION

Mayfair Aesthetics 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

In accordance with the lease term

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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 NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2018

249,750

2,634

600

252,984

Additions

70,178

-

-

70,178

At 30 June 2019

319,928

2,634

600

323,162

DEPRECIATION

At 1 July 2018

154,361

1,487

400

156,248

Charge for year

107,835

382

200

108,417

At 30 June 2019

262,196

1,869

600

264,665

NET BOOK VALUE

At 30 June 2019

57,732

765

-

58,497

At 30 June 2018

95,389

1,147

200

96,736

All assets within Plant and Machinery are held under finance leases and are depreciated

over the terms of the leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

17,420

12,420

Prepayments

6,541

6,641

23,961

19,061

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Tax

14,174

10,996

Deferred tax

10,407

604

Social security and other taxes

252

119

VAT

15,507

29,249

Other creditors

9,800

-

Directors' current accounts

15,000

5,501

Accrued expenses

6,500

6,500

71,640

52,969

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans - 1-2 years

81,822

-

Finance leases

6,119

86,390

87,941

86,390

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

2

Ordinary A

£1

2

2

1

Ordinary B

£1

-

1

2

3

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2018

(3,068

)

-

(3,068

)

Profit for the year

101,808

101,808

Dividends

(99,000

)

(99,000

)

Purchase of own shares

(60,000

)

1

(59,999

)

At 30 June 2019

(60,260

)

1

(60,259

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £99,000 (2018 - £60,000) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by Matthew Rundle and Luz McSheffery.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

25 March 2020