Company Registration No. 09770105 (England and Wales)
Tweek Cosmetics Limited
Unaudited accounts
for the year ended 30 September 2022
Tweek Cosmetics Limited
Unaudited accounts
Contents
Tweek Cosmetics Limited
Company Information
for the year ended 30 September 2022
Directors
C L Sheldrick
C L Stratton
Company Number
09770105 (England and Wales)
Registered Office
"Magnolia Cottage"
Berners Roding
Ongar
Essex
CM5 0TE
United Kingdom
Tweek Cosmetics Limited
Statement of financial position
as at 30 September 2022
Tangible assets
1,886
1,758
Cash at bank and in hand
27,696
28,524
Creditors: amounts falling due within one year
(21,637)
(24,546)
Net current assets
8,649
9,240
Total assets less current liabilities
10,535
10,998
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
10,077
10,564
Shareholders' funds
10,177
10,664
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2022 and were signed on its behalf by
C L Sheldrick
Director
Company Registration No. 09770105
Tweek Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2022
Tweek Cosmetics Limited is a private company, limited by shares, registered in England and Wales, registration number 09770105. The registered office is "Magnolia Cottage", Berners Roding, Ongar, Essex, CM5 0TE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets where applicable.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tweek Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Plant & machinery
At 30 September 2022
3,357
At 30 September 2022
1,471
At 30 September 2022
1,886
At 30 September 2021
1,758
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
43
1,072
Loans from directors
19,999
21,999
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Tweek Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2022
8
Operating lease commitments
2022
2021
At 30 September 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
13,728
The balance on the directors` current accounts with the company at the balance sheet date were: C.L.Stratton £5,505 credit (2021: £5,505 credit), owed by the company to the director; C.L.Sheldrick £14,494 credit (2021: £16,494 credit), owed by the company to the director . The current account balances are unsecured, interest free and repayable on demand, and were in credit throughout the year.
The ultimate owners of the company are C.L.Stratton and C.L.Sheldrick who each own 50% of the issued share capital.
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Average number of employees
During the year the average number of employees was 2 (2021: 2).
