Company Registration No. 08684475 (England and Wales)
Mr Cosmetics Limited
Unaudited accounts
for the year ended 30 September 2019
Mr Cosmetics Limited
Unaudited accounts
Contents
Mr Cosmetics Limited
Company Information
for the year ended 30 September 2019
Company Number
08684475 (England and Wales)
Registered Office
Unit 15 Robert Way
Wickford
Essex
SS11 8DD
Mr Cosmetics Limited
Statement of financial position
as at
30 September 2019
Tangible assets
72,150
45,702
Inventories
556,323
418,346
Cash at bank and in hand
301,723
370,589
Creditors: amounts falling due within one year
(147,664)
(145,828)
Net current assets
717,070
649,794
Net assets
789,220
695,496
Called up share capital
4
4
Profit and loss account
789,216
695,492
Shareholders' funds
789,220
695,496
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 27 March 2020.
Mr T Shearing
Director
Company Registration No. 08684475
Mr Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2019
Mr Cosmetics Limited is a private company, limited by shares, registered in England and Wales, registration number 08684475. The registered office is Unit 15 Robert Way, Wickford, Essex, SS11 8DD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Mr Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2018
16,015
36,004
52,019
Additions
47,486
-
47,486
At 30 September 2019
63,501
36,004
99,505
At 1 October 2018
3,317
3,000
6,317
Charge for the year
12,037
9,001
21,038
At 30 September 2019
15,354
12,001
27,355
At 30 September 2019
48,147
24,003
72,150
At 30 September 2018
12,698
33,004
45,702
Finished goods
556,323
418,346
Accrued income and prepayments
6,688
6,687
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
142,738
143,036
Other creditors
1,343
800
Loans from directors
3,583
1,992
8
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 A Ordinary shares of £1 each
1
1
1 B Ordinary shares of £1 each
1
1
1 Preference share of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 12 (2018: 8).