Company Registration No. 08684475 (England and Wales)
Mr Cosmetics Limited
Unaudited accounts
for the year ended 30 September 2020
Mr Cosmetics Limited
Unaudited accounts
Contents
Mr Cosmetics Limited
Company Information
for the year ended 30 September 2020
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 2020
Tangible assets
45,392
72,150
Inventories
504,618
556,323
Cash at bank and in hand
515,081
301,723
Creditors: amounts falling due within one year
22,033
(147,664)
Net current assets
1,048,502
717,070
Net assets
1,093,894
789,220
Called up share capital
4
4
Profit and loss account
1,093,890
789,216
Shareholders' funds
1,093,894
789,220
For the year ending 30 September 2020 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.
The financial statements were approved by the Board and authorised for issue on 21 May 2021 and were signed on its behalf by
Mr T Shearing
Director
Company Registration No. 08684475
Mr Cosmetics Limited
Notes to the Accounts
for the year ended 30 September 2020
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 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2019
63,501
36,004
99,505
Disposals
(15,666)
-
(15,666)
At 30 September 2020
50,208
36,004
86,212
At 1 October 2019
15,354
12,001
27,355
Charge for the year
4,464
9,001
13,465
At 30 September 2020
19,818
21,002
40,820
At 30 September 2020
30,390
15,002
45,392
At 30 September 2019
48,147
24,003
72,150
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
6,770
6,688
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
173,184
142,738
Other creditors
1,200
1,343
Loans from directors
(196,417)
3,583
7
Share capital
2020
2019
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
8
Average number of employees
During the year the average number of employees was 12 (2019: 12).