Company Registration No. 08684475 (England and Wales)
Mr Cosmetics Limited
Unaudited accounts
for the year ended 30 September 2017
Mr Cosmetics Limited
Unaudited accounts
Contents
Mr Cosmetics Limited
Company Information
for the year ended 30 September 2017
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 2017
Tangible assets
3,346
4,198
Inventories
328,455
300,145
Cash at bank and in hand
459,488
123,337
Creditors: amounts falling due within one year
(321,018)
(89,894)
Net current assets
471,383
376,771
Net assets
474,729
380,969
Called up share capital
4
4
Profit and loss account
474,725
380,965
Shareholders' funds
474,729
380,969
For the year ending 30 September 2017 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 24 April 2018.
Mr T Shearing
Director
Company Registration No. 08684475
Mr Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2017
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.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
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 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 30 September 2017
5,538
At 30 September 2017
2,192
At 30 September 2017
3,346
At 30 September 2016
4,198
Finished goods
328,455
300,145
Accrued income and prepayments
4,458
-
7
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
314,196
87,661
Other creditors
2,676
2,233
Loans from directors
4,146
-
8
Share capital
2017
2016
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
Mr Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2017
9
Average number of employees
During the year the average number of employees was 10 (2016: 8).