M & J Beauty Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06944637 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th June 2018

for

M & J Beauty Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M Tomova

J W A Rowe

SECRETARY:

REGISTERED OFFICE:

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

BUSINESS ADDRESS:

17 Harefield Place

St Albans

Hertfordshire

AL4 9JQ

REGISTERED NUMBER:

06944637 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Intangible assets

4

-

9,000

Tangible assets

5

10,379

13,943

Investments

6

289,447

289,447

299,826

312,390

CURRENT ASSETS

Stocks

-

13,381

Debtors

7

5,595

11,550

Cash at bank

19,200

513

24,795

25,444

CREDITORS

Amounts falling due within one year

8

57,948

151,830

NET CURRENT LIABILITIES

(33,153

)

(126,386

)

TOTAL ASSETS LESS CURRENT LIABILITIES

266,673

186,004

CREDITORS

Amounts falling due after more than one year

9

171,819

180,000

NET ASSETS

94,854

6,004

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

94,754

5,904

SHAREHOLDERS' FUNDS

94,854

6,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7th September 2018 and were signed on its behalf by:

Miss M Tomova - Director

1.	STATUTORY INFORMATION

M & J Beauty 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

The company goodwill that was purchased in 2009, was sold in the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2017

45,000

Disposals

(45,000

)

At 30th June 2018

-

AMORTISATION

At 1st July 2017

36,000

Eliminated on disposal

(36,000

)

At 30th June 2018

-

NET BOOK VALUE

At 30th June 2018

-

At 30th June 2017

9,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2017

7,327

39,480

46,807

Additions

-

10,114

10,114

Disposals

-

(41,955

)

(41,955

)

At 30th June 2018

7,327

7,639

14,966

DEPRECIATION

At 1st July 2017

1,832

31,032

32,864

Charge for year

845

1,910

2,755

Eliminated on disposal

-

(31,032

)

(31,032

)

At 30th June 2018

2,677

1,910

4,587

NET BOOK VALUE

At 30th June 2018

4,650

5,729

10,379

At 30th June 2017

5,495

8,448

13,943

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertak-

ings

£

COST

At 1st July 2017

and 30th June 2018

289,447

NET BOOK VALUE

At 30th June 2018

289,447

At 30th June 2017

289,447

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

5,595

11,550

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

203

16,691

Taxation and social security

17,569

6,596

Other creditors

40,176

128,543

57,948

151,830

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

171,819

180,000

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss M Tomova.