Blush Salon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11517736 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Blush Salon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K Kernot

Miss J Pooley

REGISTERED OFFICE:

10 The Street

Appledore

Ashford

Kent

TN26 2BX

REGISTERED NUMBER:

11517736 (England and Wales)

ACCOUNTANTS:

Berry & Company

Chartered Accountants

7 Clarendon Place

King Street

Maidstone

Kent

ME14 1BQ

FIXED ASSETS

Tangible assets

4

9,970

6,555

CURRENT ASSETS

Debtors

5

2,125

2,125

Cash at bank

10,615

10,615

12,740

12,740

CREDITORS

Amounts falling due within one year

6

12,354

13,757

NET CURRENT ASSETS/(LIABILITIES)

386

(1,017

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,356

5,538

RESERVES

Retained earnings

10,356

5,538

10,356

5,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 21 May 2021 and were signed on its behalf by:

Miss J Pooley - Director

Mrs K Kernot - Director

1.	STATUTORY INFORMATION

Blush Salon 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income recognition

Turnover represents the fair value of consideration received or receivable derived from the rendering of services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to receive it.

Tangible fixed assets

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

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

6,555

Additions

5,122

At 31 August 2020

11,677

DEPRECIATION

Charge for year

1,707

At 31 August 2020

1,707

NET BOOK VALUE

At 31 August 2020

9,970

At 31 August 2019

6,555

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

2,125

2,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

91

-

Other creditors

12,263

13,757

12,354

13,757

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2020

2019

£

£

Within one year

9,380

9,350

Between one and five years

18,760

18,700

28,140

28,050

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholding.