Mayfair Aesthetics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10297050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2021

for

Mayfair Aesthetics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M R Rundle

Ms L McSheffery

REGISTERED OFFICE:

107 Sheringham Avenue

London

N14 4UJ

REGISTERED NUMBER:

10297050 (England and Wales)

ACCOUNTANTS:

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

FIXED ASSETS

Tangible assets

4

28,234

53,139

CURRENT ASSETS

Debtors

5

23,894

29,110

Cash at bank

55,000

55,329

78,894

84,439

CREDITORS

Amounts falling due within one year

6

117,778

85,823

NET CURRENT LIABILITIES

(38,884

)

(1,384

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,650

)

51,755

CREDITORS

Amounts falling due after more than one year

7

71,504

108,983

NET LIABILITIES

(82,154

)

(57,228

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Capital redemption reserve

9

1

1

Retained earnings

9

(82,157

)

(57,231

)

SHAREHOLDERS' FUNDS

(82,154

)

(57,228

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 March 2022 and were signed on its behalf by:

M R Rundle - Director

Ms L McSheffery - Director

1.	STATUTORY INFORMATION

Mayfair Aesthetics 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2020

341,998

3,084

1,389

346,471

Additions

3,000

-

-

3,000

At 30 June 2021

344,998

3,084

1,389

349,471

DEPRECIATION

At 1 July 2020

289,668

2,801

863

293,332

Charge for year

27,492

150

263

27,905

At 30 June 2021

317,160

2,951

1,126

321,237

NET BOOK VALUE

At 30 June 2021

27,838

133

263

28,234

At 30 June 2020

52,330

283

526

53,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Other debtors

17,420

22,569

Prepayments

6,474

6,541

23,894

29,110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Tax

27,156

37,831

Deferred tax

5,289

10,096

Social security and other taxes

139

-

VAT

78,494

31,196

Accrued expenses

6,700

6,700

117,778

85,823

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.21

30.6.20

£

£

Bank loans - 1-2 years

22,440

-

Bank loans - 2-5 years

49,064

108,983

71,504

108,983

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.21

30.6.20

value:

£

£

2

Ordinary A

£1

2

2

NIL

-

-

2

2

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2020

(57,231

)

1

(57,230

)

Profit for the year

95,674

95,674

Dividends

(120,600

)

(120,600

)

At 30 June 2021

(82,157

)

1

(82,156

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £120,600 (2020 - £96,000) were paid to the directors .

The company is controlled by Matthew Rundle and Luz McSheffery.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2021 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

28 March 2022