Concept Aesthetics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05790425 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Concept Aesthetics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Williams

E D Williams

SECRETARY:

E D Williams

REGISTERED OFFICE:

37 - 38 Market Street

Ferryhill

Co. Durham

REGISTERED NUMBER:

05790425 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

FIXED ASSETS

Tangible assets

4

453

699

Investments

5

100,500

-

100,953

699

CURRENT ASSETS

Stocks

1,432

798

Debtors

6

274

274

Cash at bank

916

2,839

2,622

3,911

CREDITORS

Amounts falling due within one year

7

105,050

4,837

NET CURRENT LIABILITIES

(102,428

)

(926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,475

)

(227

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,575

)

(327

)

SHAREHOLDERS' FUNDS

(1,475

)

(227

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 7 April 2021 and were signed on its behalf by:

Mrs J Williams - Director

1.	STATUTORY INFORMATION

Concept 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 each asset over its estimated useful life.

Plant and machinery

-

20% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2019

and 30 April 2020

1,552

DEPRECIATION

At 1 May 2019

853

Charge for year

246

At 30 April 2020

1,099

NET BOOK VALUE

At 30 April 2020

453

At 30 April 2019

699

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

100,500

At 30 April 2020

100,500

NET BOOK VALUE

At 30 April 2020

100,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other debtors

274

274

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Other creditors

105,050

4,837