Beauty Works (Cheshire) Limited Accounts

BEAUTY WORKS (CHESHIRE) LIMITED - Company Information






Beauty Works (Cheshire) Limited

	Company No. 04339051
		Information for Filing with The Registrar
		31 March 2024

at	31 March 2024
Company No.		04339051	Notes	2024	2023
				£	£
Fixed assets
	Intangible assets		5	-	-
	Tangible assets		6	49,344	43,004


				49,344	43,004
Current assets
	Stocks		7	46,119	46,121
	Debtors		8	-	817,000

	Cash at bank and in hand			40,055	59,180
				86,174	922,301
Creditors: Amount falling due within one year			9	(106,109)	(200,929)
Net current (liabilities)/assets				(19,935)	721,372
Total assets less current liabilities				29,409	764,376
Creditors: Amounts falling due after more than one year			10	(29,166)	(34,722)



Net assets				243	729,654

Capital and reserves
	Called up share capital			2	2



	Profit and loss account		12	241	729,652

Total equity				243	729,654



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 31 May 2024 and signed on its behalf by:
N. Bourne
Director
31 May 2024

for the year ended 31 March 2024

General information

Beauty Works (Cheshire) Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 04339051

Its registered office is:

18 London Road

Alderley Edge

Cheshire

SK9 7JS

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Plant and machinery

18% Reducing balance

Furniture, fittings and equipment

18% Reducing balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Items of income or expenses of exceptional size or incidence
			2024	2023
			£	£
		Bad debts relate to the write-off of an intercompany loan.	-	-

4	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	12	13

5	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 April 2023	149,711	149,711


		At 31 March 2024	149,711	149,711
		Amortisation and impairment
		At 1 April 2023	149,711	149,711



		At 31 March 2024	149,711	149,711
		Net book values
		At 31 March 2024	-	-
		At 31 March 2023	-	-

6	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2023	573,406	13,546	586,952
		Additions	16,420	1,457	17,877



		At 31 March 2024	589,826	15,003	604,829
		Depreciation
		At 1 April 2023	536,837	7,111	543,948
		Charge for the year	10,116	1,421	11,537



		At 31 March 2024	546,953	8,532	555,485
		Net book values
		At 31 March 2024	42,873	6,471	49,344
		At 31 March 2023	36,569	6,435	43,004

7	Stocks
			2024	2023
			£	£


		Finished goods	46,119	46,121
			46,119	46,121

8	Debtors
			2024	2023
			£	£

		Amounts owed by group undertakings	-	817,000






			-	817,000

9	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	5,556	5,556


		Trade creditors	6,877	14,610

		Taxes and social security	55,075	43,262
		Loans from directors	35,801	134,701

		Accruals and deferred income	2,800	2,800
			106,109	200,929

10	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£

		Bank loans and overdrafts	29,166	34,722






			29,166	34,722

Share Capital

100 Ordinary A and 100 Ordinary B shares fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

13	Dividends
			2024	2023
			£	£
		Dividends for the period:
		Dividends paid in the period	-	-
		Dividends accrued at the period end	37,750	71,640
			37,750	71,640

		Dividends by type:
		Non-equity preference dividends	-	-
		Equity dividends	37,750	71,640
			37,750	71,640