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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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BEAUTIFUL BROWS LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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FOR |
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BEAUTIFUL BROWS LIMITED |
BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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Company Information | 1 |
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Report of the Director | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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BEAUTIFUL BROWS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Chartered Accountant |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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REPORT OF THE DIRECTOR |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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The director presents his report with the financial statements of the company for the period 1 March 2015 to 31 August 2016. |
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DIRECTORS |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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PROFIT AND LOSS ACCOUNT |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
Notes | £ | £ |
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TURNOVER | 2 |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING (LOSS)/PROFIT | 3 | ( |
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Interest receivable and similar income |
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(78,790 | ) | 43,759 |
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Interest payable and similar charges | 4 |
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(LOSS)/PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
( |
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Tax on (loss)/profit on ordinary activities | 5 |
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(LOSS)/PROFIT FOR THE FINANCIAL
PERIOD |
( |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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BALANCE SHEET |
31 AUGUST 2016 |
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31.8.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 7 |
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Tangible assets | 8 |
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CURRENT ASSETS |
Stocks | 9 |
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Debtors | 10 |
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Cash at bank and in hand |
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CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR |
11 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR |
12 |
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( |
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PROVISIONS FOR LIABILITIES | 13 | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 14 |
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Profit and loss account | 15 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
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The financial statements were approved by the director on
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Patents and licenses |
Patents, being the amount paid in connection with the granting of patents in 2013 and 2014 are being amortised |
evenly over their estimated useful life of 10 years. |
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2. | TURNOVER |
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The turnover and loss (2015 - profit) before taxation are attributable to the one principal activity of the company. |
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An analysis of turnover by geographical market is given below: |
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Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
United Kingdom | 70.00% | 71.29% |
Europe | 30.00% | 20.66% |
Other | 0.00% | 8.05% |
100.00% | 100.00% |
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3. | OPERATING (LOSS)/PROFIT |
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The operating loss (2015 - operating profit) is stated after charging: |
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Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
£ | £ |
Depreciation - owned assets |
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Loss on disposal of fixed assets |
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Patents and licences amortisation |
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Directors' remuneration and other benefits etc |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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4. | INTEREST PAYABLE AND SIMILAR CHARGES |
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Interest payable and similar charges includes the following: |
Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
£ | £ |
Loan interest | - | 6,753 |
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5. | TAXATION |
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Analysis of the tax charge |
The tax charge on the loss on ordinary activities for the period was as follows: |
Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
£ | £ |
Current tax: |
UK corporation tax |
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Deferred tax |
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Tax on (loss)/profit on ordinary activities |
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6. | DIVIDENDS |
Period |
1.3.15 |
to | Year Ended |
31.8.16 | 28.2.15 |
£ | £ |
Ordinary shares of £ 1 each |
Interim | - | 25,850 |
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7. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 March 2015 |
and 31 August 2016 |
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AMORTISATION |
At 1 March 2015 |
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Amortisation for period |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 28 February 2015 |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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8. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 March 2015 |
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Additions |
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At 31 August 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for period |
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At 31 August 2016 |
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NET BOOK VALUE |
At 31 August 2016 |
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At 28 February 2015 |
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9. | STOCKS |
31.8.16 | 28.2.15 |
£ | £ |
Stocks |
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10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.16 | 28.2.15 |
£ | £ |
Trade debtors | 9,772 | 5,208 |
Other debtors | 31,630 | 31,630 |
VAT |
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Prepayments | 21,183 | 36,330 |
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11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.16 | 28.2.15 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' current accounts | 384,002 | 309,602 |
Accrued expenses | 12,809 | 19,936 |
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12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.16 | 28.2.15 |
£ | £ |
Loan - Haslebrow Finance Ltd |
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Elysian loan |
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BEAUTIFUL BROWS LIMITED (REGISTERED NUMBER: 07511730) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MARCH 2015 TO 31 AUGUST 2016 |
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13. | PROVISIONS FOR LIABILITIES |
31.8.16 | 28.2.15 |
£ | £ |
Deferred tax |
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Deferred |
tax |
£ |
Balance at 1 March 2015 |
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Balance at 31 August 2016 |
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14. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 28.2.15 |
value: | £ | £ |
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Ordinary | £ 1 |
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15. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 March 2015 |
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Deficit for the period | ( |
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At 31 August 2016 | ( |
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