Helen Taylor Permanent Cosmetics Ltd - Accounts to registrar (filleted) - small 18.2

Helen Taylor Permanent Cosmetics Ltd - Accounts to registrar (filleted) - small 18.2

HELEN TAYLOR PERMANENT COSMETICS LTD - Company Information

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REGISTERED NUMBER: 08338181 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HELEN TAYLOR PERMANENT COSMETICS LTD
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HELEN TAYLOR PERMANENT COSMETICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Miss H B Taylor





REGISTERED OFFICE: 24 Railway Terrace
Rugby
Warwickshire
CV21 3LJ





REGISTERED NUMBER: 08338181 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA
Page 1
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,791 13,599

CURRENT ASSETS
Stocks 2,000 4,000
Cash at bank 12,163 23,529
14,163 27,529
CREDITORS
Amounts falling due within one year 5 10,864 22,565
NET CURRENT ASSETS 3,299 4,964
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,090
18,563

CREDITORS
Amounts falling due after more than one
year
6
(16,000
)
(18,333
)

PROVISIONS FOR LIABILITIES (2,240 ) -
NET (LIABILITIES)/ASSETS (3,150 ) 230

CAPITAL AND RESERVES
Called up and paid share capital 1 1
Retained earnings (3,151 ) 229
(3,150 ) 230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





Miss H B Taylor - Director


The notes form part of these financial statements

Page 3
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Helen Taylor Permanent Cosmetics Ltd 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 5% on cost

Government grants

Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recognises expenses for the related costs for which the grants are intended to compensate. There has been some disruption to the business activities as a result of COVID-19, but these do not impact the financial statements in the current year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Page 4 continued...
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


2. ACCOUNTING POLICIES - continued
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.

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 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 29,561
DEPRECIATION
At 1 January 2021 15,962
Charge for year 1,808
At 31 December 2021 17,770
NET BOOK VALUE
At 31 December 2021 11,791
At 31 December 2020 13,599

Page 5 continued...
HELEN TAYLOR PERMANENT COSMETICS LTD (REGISTERED NUMBER: 08338181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,000 5,057
Amounts owed to group undertakings 2,295 -
Taxation and social security 829 2,052
Other creditors 3,740 15,456
10,864 22,565

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 16,000 18,333

Page 6