M & J Beauty Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06944637 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

M & J Beauty Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Rowe

J W A Rowe

REGISTERED OFFICE:

Ground Floor

Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

06944637 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,105

5,882

Investments

5

-

289,447

5,105

295,329

CURRENT ASSETS

Stocks

1,225

1,015

Cash at bank

6,275

1,823

7,500

2,838

CREDITORS

Amounts falling due within one year

6

3,104

4,751

NET CURRENT ASSETS/(LIABILITIES)

4,396

(1,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,501

293,416

CREDITORS

Amounts falling due after more than one year

7

-

171,819

NET ASSETS

9,501

121,597

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9,401

121,497

9,501

121,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 28 November 2022 and were signed on its behalf by:

Mrs M Rowe - Director

1.	STATUTORY INFORMATION

M & J Beauty 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2021

and 30 June 2022

7,327

7,639

14,966

DEPRECIATION

At 1 July 2021

3,862

5,222

9,084

Charge for year

173

604

777

At 30 June 2022

4,035

5,826

9,861

NET BOOK VALUE

At 30 June 2022

3,292

1,813

5,105

At 30 June 2021

3,465

2,417

5,882

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2021

289,447

Disposals

(289,447

)

At 30 June 2022

-

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

289,447

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Taxation and social security

1,922

1,914

Other creditors

1,182

2,837

3,104

4,751

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Other creditors

-

171,819

8.	RELATED PARTY DISCLOSURES

The company received a dividend in the year from Perfect Ten Limited in the amount of £183,450. Mr and Mrs Rowe are both directors in this company.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Rowe.