Company Registration No. 7029950 (England and Wales)
Glamorous Lashes Limited
Unaudited accounts
for the year ended 30 September 2022
Glamorous Lashes Limited
Unaudited accounts
Contents
Glamorous Lashes Limited
Company Information
for the year ended 30 September 2022
Company Number
7029950 (England and Wales)
Registered Office
Bentinck House
3-8 Bolsover Street
London
W1W 6AB
Glamorous Lashes Limited
Statement of financial position
as at 30 September 2022
Tangible assets
53,707
464
Cash at bank and in hand
172,192
161,981
Creditors: amounts falling due within one year
(130,217)
(98,522)
Net current assets
71,423
72,994
Total assets less current liabilities
125,130
73,458
Creditors: amounts falling due after more than one year
(25,442)
(35,459)
Called up share capital
100
2
Profit and loss account
99,588
37,997
Shareholders' funds
99,688
37,999
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 director acknowledges his 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 and authorised for issue on 3 March 2023 and were signed on its behalf by
B Colleran
Director
Company Registration No. 7029950
Glamorous Lashes Limited
Notes to the Accounts
for the year ended 30 September 2022
Glamorous Lashes Limited is a private company, limited by shares, registered in England and Wales, registration number 7029950. The registered office is Bentinck House, 3-8 Bolsover Street, London, W1W 6AB.
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.
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:
Motor vehicles
15% on cost
Fixtures & fittings
25% on cost
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Glamorous Lashes Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2021
-
13,461
13,461
At 30 September 2022
62,980
13,461
76,441
At 1 October 2021
-
12,997
12,997
Charge for the year
9,447
290
9,737
At 30 September 2022
9,447
13,287
22,734
At 30 September 2022
53,533
174
53,707
At 30 September 2021
-
464
464
Amounts falling due within one year
Accrued income and prepayments
3,600
3,600
Other debtors
25,248
5,535
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,858
3,940
Trade creditors
2,160
2,569
Taxes and social security
19,751
11,218
Other creditors
48,070
48,941
Loans from directors
31,844
23,059
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
2
Shares issued during the period:
98 Ordinary shares of £1 each
98
Glamorous Lashes Limited
Notes to the Accounts
for the year ended 30 September 2022
9
Transactions with related parties
Included in other creditors is a sum of £31,844 (2021: £23,059) owed to the director.
During the period, interim dividends of £8,000 (2021: £10,000) were distributed to the director.
10
Average number of employees
During the year the average number of employees was 4 (2021: 4).
