Bare Elegance Limited - Period Ending 2022-04-30
Bare Elegance Limited - Period Ending 2022-04-30
Registration number:
Bare Elegance Limited
Filleted
for the Year Ended 30 April 2022
Bare Elegance Limited
Contents
Company Information |
|
Statement of Financial Position |
|
Notes to the Financial Statements |
Bare Elegance Limited
Company Information
Directors |
M A M Quadrini N Quadrini S W Quadrini V A Stanley |
Registered office |
|
Bare Elegance Limited
(Registration number: 06553450)
Statement of Financial Position as at 30 April 2022
Note |
2022 |
2021 |
|
Creditors: Amounts falling due within one year |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Total equity |
( |
( |
For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. |
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 Income Statement has been taken.
Approved and authorised by the
......................................... |
Bare Elegance Limited
Notes to the Financial Statements for the Year Ended 30 April 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is
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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are prepared in sterling which is the functional currency of the entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Bare Elegance Limited
Notes to the Financial Statements for the Year Ended 30 April 2022 (continued)
2 |
Accounting policies (continued) |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Long leasehold land and buildings |
Total |
|
Cost or valuation |
||
At 1 May 2021 |
|
|
At 30 April 2022 |
|
|
Depreciation |
||
At 1 May 2021 |
|
|
At 30 April 2022 |
|
|
Carrying amount |
||
At 30 April 2022 |
- |
- |
At 30 April 2021 |
- |
- |
Bare Elegance Limited
Notes to the Financial Statements for the Year Ended 30 April 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
|
Due within one year |
||
Directors loan accounts |
627 |
627 |