M's Beauty Natural Wellness Limited - Period Ending 2022-11-30

M's Beauty Natural Wellness Limited

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 3

M's Beauty Natural Wellness Limited

(Registration number: 13028163)
Abridged Balance Sheet as at 30 November 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	3	13,297	13,179
Current assets
Stocks		1,255	2,375
Cash at bank and in hand		1,859	2,051
		3,114	4,426
Creditors: Amounts falling due within one year		(22,517)	(16,228)
Net current liabilities		(19,403)	(11,802)
Total assets less current liabilities		(6,106)	1,377
Accruals and deferred income		(1,460)	(500)
Net (liabilities)/assets		(7,566)	877
Capital and reserves
Retained earnings		(7,566)	877
Shareholders' (deficit)/funds		(7,566)	877

For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 24 August 2023
 

......................................... Miss M Massaro Director

M's Beauty Natural Wellness Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2022

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company is dependent on the continued financial support of the director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Salon equipment	10% of cost

Financial instruments

The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 2).

M's Beauty Natural Wellness Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2022

3	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 December 2021	14,308	14,308
Additions	1,596	1,596
At 30 November 2022	15,904	15,904
Depreciation
At 1 December 2021	1,129	1,129
Charge for the year	1,478	1,478
At 30 November 2022	2,607	2,607
Carrying amount
At 30 November 2022	13,297	13,297
At 30 November 2021	13,179	13,179