Beauty Bureau E.A. Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 08396137 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

Beauty Bureau E.A. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K Stepanyuk

Ms T Ryklina

Ms A M Ryklin

REGISTERED OFFICE:

327 Kings Road

London

SW3 5ES

REGISTERED NUMBER:

08396137 (England and Wales)

ACCOUNTANTS:

Hawksford UK Services Limited

123 Pall Mall

St. James's

London

SW1Y 5EA

FIXED ASSETS

Tangible assets

4

75,288

109,729

CURRENT ASSETS

Debtors

5

119,871

21,375

Cash at bank and in hand

2,685

2,029

122,556

23,404

CREDITORS

Amounts falling due within one year

6

(1,357,736

)

(1,048,411

)

NET CURRENT LIABILITIES

(1,235,180

)

(1,025,007

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,159,892

)

(915,278

)

CAPITAL AND RESERVES

Called up share capital

11,112

11,112

Share premium

661,389

661,389

Retained earnings

(1,832,393

)

(1,587,779

)

(1,159,892

)

(915,278

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 6 October 2023 and were signed on its behalf by:

Ms A M Ryklin - Director

1.	STATUTORY INFORMATION

Beauty Bureau E.A. Ltd 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.

The company's functional and presentational currency is GBP and rounded to the nearest £.

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

Tangible fixed assets are stated at cost less depreciation. Cost includes the purchase cost and all other costs necessary to bring it in present location and conditions.

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

Leasehold land and buildings Straight line over lease term

Plant and machinery 20% straight line method

Fixtures, fittings, tolls and equipment 25% straight line method

Motor vehicles 25% straight line method

The lease term is 10 years.

Trade and other debtors

Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company does not have long term creditors.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and cash held on demand with banks.

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.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net current liabilities of £1,235,180 (2022: £1,025,007) and during the year the company made a loss of £244,614 (2022: loss of £109,123).

The directors consider the going concern basis to be appropriate due to the fact that the controlling party has expressed his willingness to provide financial support for the next 12 months as from the date of approval of the financial statements in order for the company to meet its obligations.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2022

318,735

13,500

13,245

345,480

Additions

-

-

635

635

At 28 February 2023

318,735

13,500

13,880

346,115

DEPRECIATION

At 1 March 2022

222,491

675

12,585

235,751

Charge for year

31,874

2,700

502

35,076

At 28 February 2023

254,365

3,375

13,087

270,827

NET BOOK VALUE

At 28 February 2023

64,370

10,125

793

75,288

At 28 February 2022

96,244

12,825

660

109,729

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Trade debtors

13,821

13,581

Called up share capital not paid

1,112

1,112

Prepayments

104,938

6,682

119,871

21,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.23

28.2.22

£

£

Bank loans and overdrafts

8,743

8,239

Trade creditors

18,598

932

Social security and other taxes

9,113

5,269

Pensions

855

873

VAT

13,476

14,866

Other creditors

350,000

250

Amount owed to related parties

499,100

399,000

Net pay control

35,594

27,158

Clients' deposit

3,955

3,955

Directors' loan accounts

409,852

576,352

Accrued expenses

8,450

11,517

1,357,736

1,048,411

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY