Carole Lacey Ltd - Accounts to registrar (filleted) - small 18.2
Carole Lacey Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 5 MAY 2020 TO 31 MARCH 2021 |
FOR |
Carole Lacey Ltd |
Trading as |
Waterside Aesthetics |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 5 May 2020 to 31 March 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
Carole Lacey Ltd |
Trading as Waterside Aesthetics |
COMPANY INFORMATION |
for the period 5 May 2020 to 31 March 2021 |
Director: |
Registered office: |
Registered number: |
Accountants: |
129 North Hill |
Plymouth |
Devon |
PL4 8JY |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
BALANCE SHEET |
31 March 2021 |
Notes | £ | £ |
Fixed assets |
Intangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
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. |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
BALANCE SHEET - continued |
31 March 2021 |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 5 May 2020 to 31 March 2021 |
1. | STATUTORY INFORMATION |
Carole Lacey Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the rendering of services is recognised by the reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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. |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 5 May 2020 to 31 March 2021 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
Provisions |
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INTANGIBLE FIXED ASSETS |
Website |
costs |
£ |
Cost |
Additions |
At 31 March 2021 |
Amortisation |
Amortisation for period |
At 31 March 2021 |
Net book value |
At 31 March 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Carole Lacey Ltd (Registered number: 12587548) |
Trading as Waterside Aesthetics |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 5 May 2020 to 31 March 2021 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary shares | £1 | 100 |
100 Ordinary shares shares of £1 each were allotted and fully paid for |
8. | RELATED PARTY DISCLOSURES |
At the balance sheet date, the company owed £750 to it's director, Mrs C Lacey. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs C Lacey. |