Beauty Fort Limited - Period Ending 2017-04-30

Beauty Fort Limited

Annual Report and Unaudited Abridged Financial Statements

Year Ended 30 April 2017

Beauty Fort Limited

Abridged Balance Sheet

30 April 2017

Registration Number: 06530196

	Note	2017 £	2016 £
Current assets
Debtors		59,079	23,016
Cash at bank and in hand		214,268	82,383
		273,347	105,399
Creditors: Amounts falling due within one year		(236,309)	(129,443)
Net assets/(liabilities)		37,038	(24,044)
Capital and reserves
Called up share capital		100	100
Profit and loss account		36,938	(24,144)
Total equity		37,038	(24,044)

For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

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

Approved and authorised by the Board on 2 August 2017
and signed on its behalf by:



 

M Hawthornthwaite

Director

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Beauty Fort Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Guinness Road Trading Estate
Guinness Road
Trafford Park
Manchester
M17 1SB

These financial statements were authorised for issue by the Board on 2 August 2017.

2	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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated. All exchange differences are included in profit and loss.

Tax

The current tax charge is recognised in profit and loss, and is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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Beauty Fort Limited

Notes to the Abridged Financial Statements

Year Ended 30 April 2017

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2016 - 4).

4	Related party transactions

The company has taken advantage of the exemption, as provided by FRS 102 section 33, from disclosing transactions between wholly owned members of the group.

5	Parent and ultimate parent undertaking

The company's immediate parent is Brothorn Group Limited, a company incorporated in England and Wales.

6	Transition to FRS 102

These are the company's first financial statements prepared in accordance with FRS 102. The accounting policies in note 2 have been applied in preparing the financial statements for the year ended 30 April 2017 and the comparative information presented in these financial statements for the year ended 30 April 2016. No adjustments arose on transition from UK GAAP to FRS 102.

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