Company Registration No. SC579386 (Scotland)
Artist Nails Ltd
Unaudited accounts
for the year ended 31 October 2020
Artist Nails Ltd
Unaudited accounts
Contents
Artist Nails Ltd
Company Information
for the year ended 31 October 2020
Director
Mr Huu Hien Thai
Company Number
SC579386 (Scotland)
Registered Office
197 George Street
Aberdeen
AB25 1HX
United Kingdom
Accountants
MDNG Consulting Ltd
38 Sidcup High Street
Sidcup
DA146EH
Artist Nails Ltd
Accountants' report
Accountants' report to the director of Artist Nails Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Artist Nails Ltd for the year ended
31 October 2020 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Artist Nails Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Artist Nails Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Artist Nails Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Artist Nails Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Artist Nails Ltd. You consider that Artist Nails Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Artist Nails Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
MDNG Consulting Ltd
38 Sidcup High Street
Sidcup
DA146EH
14 December 2020
Artist Nails Ltd
Statement of financial position
as at
31 October 2020
Cash at bank and in hand
44,446
2,675
Creditors: amounts falling due within one year
(10,851)
(10,757)
Net current assets/(liabilities)
34,449
(7,082)
Total assets less current liabilities
34,449
(7,082)
Creditors: amounts falling due after more than one year
(35,000)
-
Net liabilities
(551)
(7,082)
Called up share capital
100
100
Profit and loss account
(651)
(7,182)
Shareholders' funds
(551)
(7,082)
For the year ending 31 October 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 14 December 2020 and were signed on its behalf by
Mr Huu Hien Thai
Director
Company Registration No. SC579386
Artist Nails Ltd
Notes to the Accounts
for the year ended 31 October 2020
Artist Nails Ltd is a private company, limited by shares, registered in Scotland, registration number SC579386. The registered office is 197 George Street, Aberdeen, AB25 1HX, United Kingdom.
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 31 October 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2018.
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.
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
1,101
787
Loans from directors
-
5,000
7
Creditors: amounts falling due after more than one year
2020
2019
Artist Nails Ltd
Notes to the Accounts
for the year ended 31 October 2020
8
Average number of employees
During the year the average number of employees was 4 (2019: 5).