Beauty Bureau E.A. Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08396137 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Beauty Bureau E.A. Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Ms T Ryklina

Ms A M Ryklina

Ms E Kononenko

Ms E Fadeeva

Ms I Alabina

Ms K Stepanyuk

SECRETARY:

Phillips Lewis Smith Ltd

REGISTERED OFFICE:

13 Craven Street

London

United Kingdom

WC2N 5PB

REGISTERED NUMBER:

08396137 (England and Wales)

ACCOUNTANTS:

S H LANDES LLP

3rd Floor Fairgate House

78 New Oxford Street

London

WC1A 1HB

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Beauty Bureau E.A. Ltd for the year ended 28 February 2018 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Beauty Bureau E.A. Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Beauty Bureau E.A. Ltd and state those matters that we have agreed to state to the Board of Directors of Beauty Bureau E.A. Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beauty Bureau E.A. Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Beauty Bureau E.A. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Beauty Bureau E.A. Ltd. You consider that Beauty Bureau E.A. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beauty Bureau E.A. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

S H LANDES LLP

3rd Floor Fairgate House

78 New Oxford Street

London

WC1A 1HB

30 November 2018

FIXED ASSETS

Tangible assets

4

247,262

294,132

CURRENT ASSETS

Debtors

5

79,621

56,847

Cash at bank and in hand

56,391

6,764

136,012

63,611

CREDITORS

Amounts falling due within one year

6

458,250

253,740

NET CURRENT LIABILITIES

(322,238

)

(190,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,976

)

104,003

CAPITAL AND RESERVES

Called up share capital

11,112

11,112

Share premium

661,389

661,389

Retained earnings

(747,477

)

(568,498

)

(74,976

)

104,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 November 2018 and were signed on its behalf by:

Ms A M Ryklina - 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 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.

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 25% straight line method

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

Motor vehicles 25% straight line method

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 company's ability to continue as a going concern is contingent on the ability of the shareholder of the company

to continue providing financial support to the company. The shareholders has confirmed that her financial support

will continue for at least 12 months from the date of approval of these financial statements. These accounts have

therefore been prepared on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2017

and 28 February 2018

318,735

11,670

48,318

378,723

DEPRECIATION

At 1 March 2017

63,124

4,858

16,609

84,591

Charge for year

31,873

2,917

12,080

46,870

At 28 February 2018

94,997

7,775

28,689

131,461

NET BOOK VALUE

At 28 February 2018

223,738

3,895

19,629

247,262

At 28 February 2017

255,611

6,812

31,709

294,132

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

22,108

-

Other debtors

5,721

8,542

Rent deposit

35,940

35,940

Called up share capital not paid

1,112

1,112

Prepayments

14,740

11,253

79,621

56,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Bank loans and overdrafts

1,282

5,290

Trade creditors

16,918

55,664

Social security and other taxes

5,713

5,716

VAT

21,629

15,021

Other creditors

-

5,107

Amount owed to related parties

135,755

-

Net pay control

14,601

12,942

Directors' loan accounts

258,352

154,000

Accrued expenses

4,000

-

458,250

253,740

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY