Perfect Tan Two Limited - Accounts to registrar (filleted) - small 18.2
Perfect Tan Two Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
FOR |
PERFECT TAN TWO LIMITED |
PERFECT TAN TWO LIMITED (REGISTERED NUMBER: SC320827) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2022 |
Page |
Abridged Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
PERFECT TAN TWO LIMITED (REGISTERED NUMBER: SC320827) |
ABRIDGED BALANCE SHEET |
31 March 2022 |
31.3.22 | 31.3.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
PERFECT TAN TWO LIMITED (REGISTERED NUMBER: SC320827) |
ABRIDGED BALANCE SHEET - continued |
31 March 2022 |
The financial statements were approved by the director and authorised for issue on |
PERFECT TAN TWO LIMITED (REGISTERED NUMBER: SC320827) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
Perfect Tan Two Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover and revenue recognition |
Turnover represents gross invoiced services to the customer. |
Tangible fixed assets |
Plant and machinery | - |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PERFECT TAN TWO LIMITED (REGISTERED NUMBER: SC320827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2022 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2021 |
and 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
5. | RELATED PARTY DISCLOSURES |
The transactions in the year with associated companies were as follows:- |
Monies owed from Tan Limited |
2020 |
£ |
Opening balance | 0.00 |
Add: sums received in year | 1,750.00 |
Less: payments made in year | 0.00 |
Closing Balance | 1,750.00 |
6. | POST BALANCE SHEET EVENTS |
As a member of the Beauty sector the business was subject to the mandatory shut down imposed by both the UK and Scottish Governments. As a result, it was required to cease trading as of 01/04/20. During this period staff have been furloughed, laid off, made redundant etc. With staff being placed on furlough the business is eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which will reimburse 80% of the salaries of furloughed staff of all eligible businesses. It has also made an application for a grant through the Scottish Government Coronavirus Business Support Fund and it successfuly received £10,000. |
The directors/owners have made it clear that once the restrictions have been lifted they intend to resume trading at full capacity with immediate effect. |