BEAUTY WORKS (CHESHIRE) LIMITED - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04339051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BEAUTY WORKS (CHESHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Bourne

Mrs N Bourne

SECRETARY:

Mr J Bourne

REGISTERED OFFICE:

18 London Road

Alderley Edge

Cheshire

SK9 7JS

REGISTERED NUMBER:

04339051 (England and Wales)

ACCOUNTANTS:

Linden Accounting Services Ltd

Sinclair House

11 Station Road

Stockport

Cheshire

SK8 5AF

FIXED ASSETS

Intangible assets

4

74,711

112,211

Tangible assets

5

70,633

18,675

145,344

130,886

CURRENT ASSETS

Stocks

53,461

52,151

Debtors

6

404,500

404,500

Cash at bank

38,008

20,875

495,969

477,526

CREDITORS

Amounts falling due within one year

7

79,956

105,385

NET CURRENT ASSETS

416,013

372,141

TOTAL ASSETS LESS CURRENT LIABILITIES

561,357

503,027

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

561,355

503,025

SHAREHOLDERS' FUNDS

561,357

503,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 July 2018 and were signed on its behalf by:

Mr J Bourne - Director

1.	STATUTORY INFORMATION

BEAUTY WORKS (CHESHIRE) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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

-

18% on reducing balance

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

149,711

AMORTISATION

At 1 April 2017

37,500

Amortisation for year

37,500

At 31 March 2018

75,000

NET BOOK VALUE

At 31 March 2018

74,711

At 31 March 2017

112,211

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2017

488,156

-

488,156

Additions

63,115

3,961

67,076

At 31 March 2018

551,271

3,961

555,232

DEPRECIATION

At 1 April 2017

469,481

-

469,481

Charge for year

14,722

396

15,118

At 31 March 2018

484,203

396

484,599

NET BOOK VALUE

At 31 March 2018

67,068

3,565

70,633

At 31 March 2017

18,675

-

18,675

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

404,500

404,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

8,978

20,109

Taxation and social security

32,568

47,844

Other creditors

38,410

37,432

79,956

105,385

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £14,000 (2017 - £25,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors of the company.

The ultimate controlling party is the directors of the company.