Faceperfect Clinic Limited Filleted accounts for Companies House (small and micro)

Faceperfect Clinic Limited Filleted accounts for Companies House (small and micro)

FACEPERFECT CLINIC LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08613649
Faceperfect Clinic Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2022
Faceperfect Clinic Limited
Balance Sheet
31 January 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
70,762
31,389
Current assets
Debtors
6
1,464
2,063
Cash at bank and in hand
54,988
61,188
--------
--------
56,452
63,251
Creditors: amounts falling due within one year
7
18,285
18,526
--------
--------
Net current assets
38,167
44,725
---------
--------
Total assets less current liabilities
108,929
76,114
Creditors: amounts falling due after more than one year
8
22,000
28,000
Provisions
Taxation including deferred tax
7,572
3,133
---------
--------
Net assets
79,357
44,981
---------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
79,356
44,980
--------
--------
Shareholders funds
79,357
44,981
--------
--------
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 Section 1A of 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 profit and loss account has not been delivered.
For the year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Faceperfect Clinic Limited
Balance Sheet (continued)
31 January 2022
These financial statements were approved by the board of directors and authorised for issue on 10 October 2022 , and are signed on behalf of the board by:
K McBride
Director
Company registration number: 08613649
Faceperfect Clinic Limited
Notes to the Financial Statements
Year ended 31 January 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Park Square West, Leeds, LS1 2PF.
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 are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover represents amounts receivable for goods supplied and services rendered.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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:
Short leasehold property
-
1% straight line
Fixtures and fittings
-
15% reducing balance
Equipment
-
33% reducing balance
Government grants
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2021: 3 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2021
14,900
2,810
22,145
39,855
Additions
16,320
6,191
25,972
48,483
--------
-------
--------
--------
At 31 January 2022
31,220
9,001
48,117
88,338
--------
-------
--------
--------
Depreciation
At 1 February 2021
–
422
8,044
8,466
Charge for the year
312
1,287
7,511
9,110
--------
-------
--------
--------
At 31 January 2022
312
1,709
15,555
17,576
--------
-------
--------
--------
Carrying amount
At 31 January 2022
30,908
7,292
32,562
70,762
--------
-------
--------
--------
At 31 January 2021
14,900
2,388
14,101
31,389
--------
-------
--------
--------
6. Debtors
2022
2021
£
£
Trade debtors
660
1,548
Other debtors
804
515
-------
-------
1,464
2,063
-------
-------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
6,000
2,000
Corporation tax
7,969
13,812
Social security and other taxes
543
154
Other creditors
3,773
2,560
--------
--------
18,285
18,526
--------
--------
Included in "Other creditors" is an amount of £233 (2021: £232) due to the director. The amount is unsecured, interest free and repayable on demand.
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
22,000
28,000
--------
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022
2021
£
£
Not later than 1 year
8,204
–
Later than 1 year and not later than 5 years
10,939
–
--------
----
19,143
–
--------
----
10. Director's advances, credits and guarantees
There are no transactions with the director that require disclosure under section 413 of the Companies Act 2006.