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FFS BEAUTY LTD |
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Financial Statements for the Year Ended 30 April 2020 |
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FFS BEAUTY LTD |
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Financial Statements for the Year Ended 30 April 2020 |
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FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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FFS BEAUTY LTD |
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Company Information |
for the Year Ended 30 April 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditor |
88 Hill Village Road |
Sutton Coldfield |
West Midlands |
B75 5BE |
FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Balance Sheet |
30 April 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Share premium | 11 |
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Retained earnings | 11 | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2020 |
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1. | STATUTORY INFORMATION |
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Ffs Beauty Ltd is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going Concern |
The directors have a reasonable expectation that the company has adequate resources to continue in |
operational existence for the foreseeable future. Thus they continue to adopt the going concern basis |
of accounting in preparing the annual financial statements. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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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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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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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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Share based payments |
Where share options are awarded to employees, the fair value of the options at the date of grant is |
charged to the Statement of comprehensive income over the vesting period. Non market vesting |
conditions are taken into account by adjusting the number of equity instruments expected to vest at |
each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period |
is based on the number of share options that eventually vest. Market vesting conditions are factored |
into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve |
a market vesting condition. |
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The fair value of the award also takes into account non-vesting conditions. These are either factors |
beyond the control of either party (such as a target based on an index) or factors which are within the |
control of one or other of the parties (such as the Company keeping the scheme open or employee |
maintaining any contributions into the scheme). |
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Where the terms and conditions of options are modified before they vest, the increase in the fair value |
of the options, measured immediately before and after the modification, is also charged to Statement |
of comprehensive income over the remaining vesting period. |
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Where equity instruments are granted to persons other than employees, the Statement of |
comprehensive income is charged with fair value of goods and services received. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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5. | INTANGIBLE FIXED ASSETS |
Patents |
and | Website |
licences | Development | Totals |
£ | £ | £ |
COST |
At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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AMORTISATION |
At 1 May 2019 |
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Amortisation for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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6. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2019 |
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Additions |
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Disposals |
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( |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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FFS BEAUTY LTD (REGISTERED NUMBER: 09390238) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2020 | 2019 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary shares | £0.00 | 1 | 126 | 126 |
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A1 Preferred shares | £0.00 | 1 | 47 | 47 |
173 | 173 |
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11. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 May 2019 | ( |
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233,929 |
Profit for the year |
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At 30 April 2020 | ( |
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362,606 |
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12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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