Mayfair Aesthetics Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10297050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

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

40,029

38,061

CURRENT ASSETS

Debtors

5

12,600

24,074

Cash at bank

17,751

19,310

30,351

43,384

CREDITORS

Amounts falling due within one year

6

81,691

86,850

NET CURRENT LIABILITIES

(51,340

)

(43,466

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,311

)

(5,405

)

CREDITORS

Amounts falling due after more than one year

7

80,195

77,340

NET LIABILITIES

(91,506

)

(82,745

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Capital redemption reserve

9

1

1

Retained earnings

9

(91,509

)

(82,748

)

SHAREHOLDERS' FUNDS

(91,506

)

(82,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 March 2024 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2022

351,498

6,178

1,389

359,065

Additions

16,000

-

-

16,000

At 30 June 2023

367,498

6,178

1,389

375,065

DEPRECIATION

At 1 July 2022

315,500

4,115

1,389

321,004

Charge for year

13,001

1,031

-

14,032

At 30 June 2023

328,501

5,146

1,389

335,036

NET BOOK VALUE

At 30 June 2023

38,997

1,032

-

40,029

At 30 June 2022

35,998

2,063

-

38,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Other debtors

12,600

17,600

Prepayments

-

6,474

12,600

24,074

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

5,183

-

Tax

30,217

21,732

Deferred tax

7,606

7,232

Social security and other taxes

161

144

VAT

28,035

33,817

Directors' current accounts

3,489

10,375

Accrued expenses

7,000

13,550

81,691

86,850

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans - 1-2 years

53,109

39,384

Bank loans - 2-5 years

27,086

37,956

80,195

77,340

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

2

Ordinary A

£1

2

2

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 July 2022

(82,748

)

1

(82,747

)

Profit for the year

41,239

41,239

Dividends

(50,000

)

(50,000

)

At 30 June 2023

(91,509

)

1

(91,508

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2022 - £104,000) were paid to the directors .

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 2023 set out on page 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

25 March 2024