Cosmedic Skin Clinic Limited,Ltd - AccountsLtd - Accounts

Cosmedic Skin Clinic Limited,Ltd - AccountsLtd - Accounts

COSMEDIC SKIN CLINIC LIMITED - Company Information

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2017-12-01 05638956 2018-11-30 05638956 2017-12-01 2018-11-30 05638956 2017-11-30 05638956 2016-12-01 2017-11-30 05638956 uk-core:WithinOneYear 2017-11-30 05638956 uk-core:WithinOneYear 2018-11-30 05638956 uk-core:AfterOneYear 2017-11-30 05638956 uk-core:AfterOneYear 2018-11-30 05638956 uk-core:ShareCapital 2018-11-30 05638956 uk-core:ShareCapital 2017-11-30 05638956 uk-core:RetainedEarningsAccumulatedLosses 2018-11-30 05638956 uk-core:RetainedEarningsAccumulatedLosses 2017-11-30 05638956 uk-bus:Director1 2017-12-01 2018-11-30 05638956 uk-core:PlantMachinery 2017-12-01 2018-11-30 05638956 uk-core:FurnitureFittingsToolsEquipment 2017-12-01 2018-11-30 05638956 uk-core:FurnitureFittings 2017-12-01 2018-11-30 05638956 uk-core:FurnitureFittingsToolsEquipment 2017-11-30 05638956 uk-core:FurnitureFittings 2017-11-30 05638956 uk-core:PlantMachinery 2017-11-30 05638956 uk-core:PlantMachinery 2018-11-30 05638956 uk-core:FurnitureFittings 2018-11-30 05638956 uk-core:FurnitureFittingsToolsEquipment 2018-11-30 iso4217:GBP xbrli:pure 05638956 uk-bus:AuditExemptWithAccountantsReport 2017-12-01 2018-11-30 05638956 uk-bus:FRS102 2017-12-01 2018-11-30 05638956 uk-bus:FullAccounts 2017-12-01 2018-11-30 05638956 uk-bus:PrivateLimitedCompanyLtd 2017-12-01 2018-11-30
Cosmedic Skin Clinic Limited
Registered Number:05638956
For the year ended 30 November 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2018
Cosmedic Skin Clinic Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 November 2018
Cosmedic Skin Clinic Limited
Statement of Financial Position
Registered Number :
05638956
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
65,667
75,450
2
65,667
75,450
Current assets
Inventories
16,110
18,295
3
Trade and other receivables
28,900
42,622
4
32,853
Cash and cash equivalents
30,561
91,478
77,863
Trade and other payables: amounts falling due within one
year
(4,725)
(11,061)
5
73,138
80,417
Net current assets
Total assets less current liabilities
146,084
148,588
Trade and other payables: amounts falling due after more
than one year
(23,657)
(20,657)
6
(8,909)
(9,985)
Provisions for liabilities
116,518
Net assets
114,946
Capital and reserves
Called up share capital
100
100
Retained earnings
116,418
114,846
116,518
114,946
Shareholders' funds
For the year ended 30 November 2018 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 of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr MARTYN IAN KING Director
These financial statements were approved and authorised for issue by the Board on 08 April 2019 and were signed by:
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4
For the year ended 30 November 2018
Cosmedic Skin Clinic Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 November 2018
Cosmedic Skin Clinic Limited
Notes to the Financial Statements
Statutory Information
Cosmedic Skin Clinic Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05638956.
Registered address:
2 Gleneagles
Amington
Tamworth
Staffordshire
B77 4NS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
20% Reducing balance
Office fittings
15% Reducing balance
Fixtures and fittings
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 November 2018
Cosmedic Skin Clinic Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Office fittings
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 December 2017
189,124
13,544
35,213
140,367
5,614
-
-
5,614
Additions
At 30 November 2018
145,981
35,213
13,544
194,738
Provision for depreciation and impairment
At 01 December 2017
113,674
9,056
29,393
75,225
Charge for year
15,397
898
873
13,626
At 30 November 2018
129,071
9,954
30,266
88,851
At 30 November 2018
Net book value
57,130
4,947
3,590
65,667
At 30 November 2017
65,142
5,820
4,488
75,450
3. Inventories
2017
2018
£
£
Stocks
18,295
16,110
4. Trade and other receivables
2017
2018
£
£
Amounts owed by group undertakings and participating interests
41,397
25,000
Prepayments and accrued income
1,225
892
Taxation and social security
-
3,008
28,900
42,622
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
5,735
3,898
Taxation and social security
5,326
827
11,061
4,725
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7
For the year ended 30 November 2018
Cosmedic Skin Clinic Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
23,657
20,657
Directors' loan accounts
7. Related party transactions
Associated company loan
During the year a loan in the amount of £4,319 to Salon Direct Limited, a company associated by common
directorship and shareholding, was written off. Salon Direct Limited dissolved on 13th November 2018.
During the year, the company advanced loan monies of £41,397 to Cosmedic Online Limited, a company associated
by common directorship and shareholding. The loan is interest free and repayable upon demand. The company
provided services to Cosmedic Online Limited in the amount of £11,397 (2017 Nil), under normal commercial terms.
During the year the company provided services to Ace Group Limited, a company associated by common
directorship and shareholding, in the amount of £4,930 (2017 Nil), under normal commercial terms.
The Ultimate Controlling Party is Dr. M. King, majority shareholder and director.
8. Average number of persons employed
During the year the average number of employees was 6 (2017 : 4)
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